A broader maritime consortium in which Boskalis is participant has been awarded a EUR 24 million grant to conduct research into accelerating the use of methanol as a low-carbon fuel within the shipping industry. Methanol can enable significant reductions in CO2 emissions compared to traditional fuels and is viewed within the international maritime sector as
The International Maritime Organization (IMO) in view of the urgency for all sectors to accelerate their efforts to reduce GHG emissions – as emphasized in the recent IPCC reports and the Glasgow Climate Pact – recognized the need to strengthen the ambition of the Initial IMO GHG Strategy during its revision process. IMO’s Marine Environment
Among the mix of possible alternative fuels available for marine use, methanol—a chemical building block for hundreds of everyday products—is fast emerging as an attractive option for shipping companies looking to reduce their carbon footprint and meet sector-wide emissions targets. In November 2020, the International Maritime Organization announced that it aims to reduce absolute shipping
Asia’s front-month crack for 0.5% very low-sulphur fuel oil (VLSFO) rose to their highest level in more than a week on Friday, and traders expect the market to remain tight until the end of this month. The front-month VLSFO crack against Dubai crude came to $14.62 per barrel during Asian trade on Friday, the largest
Oman Oil Marketing Company (OOMCO) says the opening of a new bunker terminal at the Port of Duqm marks the first step in its quest to be a top Gulf Cooperation Council (GCC) marine fuels supplier by 2027. The new terminal will offer high sulphur fuel oil (HSFO), very low sulphur fuel oil (VLSFO) and
The latest independent research document on Methanol Market Size by Derivatives (Formaldehyde, Acetic Acid, Gasoline, Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP), Biodiesel, Others), Application (Automotive, Construction, Electronics, Paints and Coatings, Marine, Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2030 announced by The Brainy Insights is a great composition of a detailed examination of the
A new forecast says Canada is on track for a significant reduction in fossil fuel use by 2050, even as electricity demand grows and demand for crude oil continues. In a new report on long-term Canadian energy supply and demand outlook, the Canada Energy Regulator (CER) predicts unabated fossil fuel use (meaning fossil fuel combustion
US companies with contracts to buy only renewable power are still relying heavily on fossil fuels because of a lack of clean-energy supplies, a Columbia University study has shown. American firms have to draw between 20% and 50% of their electricity from regional electric grids — heavy on fossil fuels — even when they’ve signed
Indian Oil Corporation (IOC) and Praj Industries have inked an MoU to explore opportunities to fast-track India’s transition to cleaner and greener sources of energy by exploring avenues such as the production of Alcohol to Jet (ATJ) fuels, 1G and 2G Ethanol, Compressed Bio-Gas (CBG) and related opportunities in the bio-fuels industry. Exploring these green
Maersk Line, the world’s biggest container shipping company, on Wednesday show-cased the design of eight carbon neutral, methanol powered huge box ships it has ordered at South Korea’s Hyundai Heavy Industries. The carrier owned by Danish shipping and transport behemoth A P Moller Maersk Group A/S said it is “a very meaningful and impactful first