Mangalore Refinery and Petrochemicals Ltd (MRPL) has bought 1 million barrels of Russian Urals crude for may loading via tendering process. The purchase is said to be driven by huge discount on offer. Refiners from the country have been snapping up Russian Oil through spot tenders since the invasion of Ukraine by Russia on February
Denmark-based global container logistics giant Maersk will achieve net-zero carbon emission status by 2040 when its entire fleet will be green fuel enabled, said Christopher Cook, Managing Director, Maersk UAE. “As we scrap old vessels, the new ones that are coming in will be green fuel enabled. Our entire fleet will be green fuel enabled
A Wind Installation Vessel capable of handling the latest generation of 15MW turbines for Equinor and bp’s Empire Wind project is to be built to ABS Class by Sembcorp Marine for Maersk Supply Services (Maersk). Two new feeder barges and two diesel-electric hybrid tugboat units will also be built to ABS Class by Kirby Offshore
The Corvus Energy hydrogen fuel cell system developed through the H2NOR project has received approval in principle (AiP) from the classification society DNV. As explained, the solution enables simplified placement of the system inside a ship’s hull. This is the first fuel cell system (FCS) designed to be inherently gas safe meaning that the surrounding
Marine Battery Market is segmented by Battery Type (Lithium, Lead acid, and Others), Ship Type (Commercial and Defense), Function (Starting, Deep Cycle, and Dual Purpose), Nominal Capacity (Less than 150 Ah, and More than 150 Ah), Sales Channel (OEM and Aftermarket), and Battery Density (<100 WH/KG and More than 100 WH/KG). Global Opportunity Analysis and
New research has revealed the fossil fuel industry benefits from more than $22,000 in subsidies per minute in Australia. The study, released by the Australian Institute of Research on Monday, showed subsidies cost Australians a staggering $11.6bn every year. This is a 12 per cent increase on last year’s figure and 56 times the budget
In its latest budget, the federal government has promised hundreds of millions of dollars to expand Australia’s green hydrogen capabilities. Green hydrogen is made by electrolysis of water, powered by solar and wind electricity, and it’s key to the government’s “technology not taxes” approach to meeting its climate target of net-zero emissions by 2050. The
Capturing the interactions between biofuels and agricultural industries, and their connections with other economic activities, were keys to a first-of-its kind study at Purdue University. “This is the first comprehensive examination of market factors and policies on the expansion of biofuels production in the U.S. to examine the economic impact of these individual drivers separately,”
Kerala State government has been formulating a plan to make it a zero-emission state by the year 2050. While inaugurating a seminar on Carbon Neutral Kerala organised as part of the Nava Keralam Mission, Kerala state minister for Local Self Government MV Govindan said. The modern consumer culture was among the many factors contributing to
The Commission signed €1.1 billion of grant agreements, allocated for seven low-carbon technologies which will substantially reduce emissions – within the first ten years. The seven large-scale projects, funded via the EU’s Emissions Trading System (ETS), are expected to reduce carbon emissions by over 76 Mt of CO2eq in the first ten years. The projects