Mr Jason Chesko, Director, Global Market Development at Methanex Corporation, shares his opinion on the growing demand for methanol as fuel of the future, the role of his company Methanex in meeting the supply side to match new demand. How many methanol production plants do you have currently and how many in the pipeline? What
A report by the Research on Energy and Clean Air, an independent think tank based in Helsinki, Finland released said Russia earned 93 billion euros ($97.4 billion) in revenue from fossil fuel exports in the first 100 days of the country’s invasion of Ukraine, despite a fall in export volumes in May. India and other
The European Union’s plan to hit carbon neutrality by 2050 and support a 1.5°C limit on average global warming will require the continent to install 400 gigawatts of new solar and wind per year between 2025 and 2035. It has to ramp up hydrogen production, and develop viable carbon capture technology, according to a study
Utkilen, a Norwegian chemical tanker operator, is investing €125m ($131m). The company will invest in four multi-fuel newbuilds and the retrofitting of four existing ships to operate on LNG. It has also contracted Turkey’s Icdas yard for the 6,700 dwt quartet that will be delivered from the beginning of 2024. According to the company sources,
Qatar Energy has signed an agreement with France’s Total Energies for the North Field East (NFE) expansion of the world’s largest liquefied natural gas (LNG) project. As per the agreement, a new joint venture company will be formed in which Qatar Energy will hold a 75% interest while Total Energies will hold the remaining 25%
The International Chamber of Shipping (ICS) has denounced the International Maritime Organization’s (IMOs) rejection of a research and development fund for decarbonisation projects across the shipping industry. ICS deputy secretary general Simon Bennett said the fund would have provided $50 million per year to supporting maritime GHG reduction projects in developing countries, which is reportedly
Tanzania signed an agreement with Norway’s Equinor and Britain’s Shell that will bring closer the start of construction of a $30 billion liquefied natural gas (LNG) export terminal. The agreement has paved way for a final investment decision in 2025 on the facility. The facility will be located near huge offshore natural gas discoveries in
Marks & Spencer (M&S) is adding 20 trucks powered using biogas to its supply chain fleet, as part of its vehicle portfolio with DHL Supply Chain. The Volvo’s FH Liquefied Natural Gas (LNG) tractor unit models with Globetrotter cabs will be used to transport M&S products across the retailer’s routes in Peterborough, Swindon and Castle
Plug and Play Tech Center announced a new initiative that focuses on hydrogen by launching the H2 Startup Accelerator program. The program can be a vehicle to foster the necessary dialogue and cooperation to accelerate the development of a hydrogen ecosystem in Europe and beyond. The platform will be supported by the Fraunhofer Institutes for
According to a new report that tracks the flow of fossil fuels from Russia, some Russian oil is still making it to the United States as the war drags on. The Helsinki-based nonprofit Centre for Research on Energy and Clean Air produced the new report. India has quickly increased the amount of Russian oil that