ABS, Daewoo Shipbuilding and Marine Engineering (DSME) and GasLog are joining forces to lead the development of carbon neutral shipping. The three companies have committed to work together to develop an onboard CO2 capture and storage system (OCCS) by signing a joint development project (JDP) at the Posidonia International Shipping Exhibition. This emissions reduction technology
State-run oil marketing companies (OMCs) – Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), and Indian Oil Corporation Ltd (IOCL) – have decided to procure ethanol to blend with fuel before selling it. The OMCs have announced an increase in ethanol procurement price for a six months period ending November 30, 2022. This
Proteum Hydrogen Technologies Corp. and the University of Regina have agreed to work jointly to produce hydrogen from renewable ethanol feedstock. The project is aimed at advancing Proteum’s patented and proprietary steam non-methane reforming (SnMR™) technology, which can provide fuel cell grade clean hydrogen for heavy-duty transportation, low carbon hydrogen-rich designer fuels for power, and
Mitsui O.S.K. Lines, Ltd’s (MOL’s) group company, MOL Drybulk Ltd. will start sea trials of Panamax bulk carrier ‘C.S. OLIVE’, chartered from Chugoku Sougyo CO., Ltd. using biofuel in late June 2022. MOL has signed a deal for biofuel supply with Chevron Singapore Pve. Ltd., and about 500 tons of International Sustainability & Carbon Certification
The state fuel retailers in India are ready to offer monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs. The objective behind this step from oil companies is to boost biofuel production. The Indian government fixes the ethanol purchase prices for fuel retailers – Indian Oil Corp, Bharat
NYK, the Japanese shipping firm, and BHP, a metals and petroleum company, have agreed to jointly study the next-generation of zero greenhouse gas (GHG) emission ships fuelled by green or blue ammonia. As per the partnership, both the companies will expand and deepen their existing business relationship and to support the decarbonisation of ocean transportation
Energy Dome has put into operation its first carbon dioxide (CO2) battery in the Italian province of Nuoro, in Sardinia Island, Italy. The Italian company said the battery was performing under the expected standards for both long-duration and round-trip efficiency. Energy Dome will operate the plant commercially on the Italian grid, The company now plans
The European Union has moved ahead to ban the sale of new cars with internal combustion engines (ICE) from 2035. The European Parliament consisting of elected members from all EU nations has approved the proposed ban by 339 votes in favour to 249 against with 24 abstentions. Now the proposal has been approved by parliament,
Air Products, the industrial gases leader has announced the signing of a long-term supply agreement with Indian Oil Corporation Limited (IOCL), India’s flagship national oil company. As part of the agreement, Air Products will build, own and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar,
French carrier, CMA CGM, decided to extend its methanol-ready fleet with an order for six ships of 8,000 teu from Hyundai Samho Heavy Industries’s Korean yard. CMA CGM has ordered six new-Panamax ships that are methanol-ready with a second order, worth a reported $736m in total, with expected deliveries of the vessels in 2025. CMA