The rapid growth of a global hydrogen economy could significantly shift geoeconomics and geopolitics as new interdependencies arise, according to a new analysis by the International Renewable Energy Agency (IRENA). Geopolitics of the Energy Transformation: The Hydrogen factor posits that hydrogen will change the geography of energy trade and the way energy relations are regionalised.
The early 2022 edition of the Agency’s bi-annual Electricity Market Report has just been published, revealing how nations are largely turning to fossil fuels to meet the increase in electricity demand as Covid-19 lockdown restrictions are lifting. According to the report, the global electricity demand rose 6 per cent year-on-year in 2021 – the steepest
FuelSpec® is a patented and proprietary Iron-Magnesium organo metallic compound that is registered with the United States EPA. The product is launched in India as a combustion catalyst that works across a range of fuels – from distillate to residual hydrocarbon fuels. Jithendra Nimmagadda, CEO, Maritime at Vishwa Samudra Holdings in an exclusive interview with
Wartsila, a company in the spearhead of shipping’s decarbonisation efforts, expects more to be done in the coming months and years, in terms of accelerating the inevitable need to lower emissions, Sachin Kulkarni – Head of Sales, Marine Power, South Asia, Wärtsilä says, in an interview. Q. Wartsila is positioned as a technology company looking
Maritime veterans do not appear to think much of Maersk’s new methanol vessel design, saying the forward-situated superstructure will cause a host of problems. Ex-ship’s captain Arjun Vikram-Singh, currently CEO of Quantum BSO, said: “Thank God I’m ashore,” and called the new design a “monster”. He added: “I hate to think of the poor souls
Union Minister for Heavy Industries Mahendra Nath Pandey on Saturday dedicated India’s first BHEL-built ‘coal to methanol’ (CTM) pilot plant to the nation here, as part of the ongoing ‘Azadi Ka Amrit Mahotsav’ celebrations, an official release said. Pandey also inaugurated an exhibition on ‘Products Developed under Aatmanirbhar Bharat’ organised at Bharat Heavy Electricals Limited’s
Hydrogen will account for 12% of global energy use by 2050, with demand set to “take off” in the mid-2030s, the International Renewable Energy Agency said in a report on January 15. At least 30% of hydrogen production could be traded across borders by 2050, a higher share than natural gas today, with over 30
Korea Shipbuilding & Offshore Engineering (KSOE) expects to have the technology to transport hydrogen by ship by 2025, an executive said, targeting a breakthrough in supplying a fuel touted by supporters as offering a major source of clean energy. The development by KSOE 009540.KS, the shipbuilding arm of Hyundai Heavy Industries Group 267250.KS, one of
Demand for shuttle tankers in countries with robust offshore oil production and limited pipeline infrastructure is set to grow continuously in the coming years, as produced volumes in need of transport rise to 3.3 billion barrels per year before the end of the decade, jumping 35% from 2.5 billion in 2021, a Rystad Energy report
For many years now, environmental issues have been occupying an ever-greater role in the media spotlight. With more and more consumers worried about issues such as climate change and global warming, the monitoring and measurement of emissions – followed by the publication of those figures to demonstrate whether emissions are rising or falling – has