China’s Ministry of Commerce this week allocated an additional 1 million mt of quotas to Sinopec, PetroChina and CNOOC to export their domestically produced bunker fuel oil for bonded bunkering at China’s ports in 2021, sources with knowledge of the matter said. Meanwhile, the ministry has also approved Sinochem to transfer 230,000 mt of its
A delegation from the U.S. ethanol industry recently met with Brazilian government and private sector officials to learn more about the current dynamics of the Brazilian fuel market and its ethanol production and to offer support for the country’s effort to reduce the impact of high fuel prices on consumers. During the week of Oct.
Since the invention of the steamship, in the early 19th century, seaborne trade has been the lifeblood of the global economy. Today, more than 70,000 vessels sail the high seas to ferry goods of all types to nearly every corner of the globe, making up 80 percent of international trade by volume. Bo Cerup-Simonsen, CEO
Elenger’s 6,000 cbm-capacity LNG bunker vessel, Optimus, has conducted its first refuelling operation – bunkering Tallink’s shuttle ferry, Megastar. As previously reported, Elenger took delivery of the vessel, which was built at Damen Shipyards Yichang, last month. The LNG bunker operation also represented the first refuelling of its kind in Estonia. ‘Ship-to-ship bunkering of LNG
Drewry believes methanol can play a major role in meeting the IMO’s emissions reduction targets for the maritime sector for 2030 and zero-emission targets for 2050. By 2023, the goal for the sector is to reduce the emission of greenhouse gases (GHG) through fuel-efficiency, slow-steaming and using LNG as fuel, among others. However, to meet
At the COP26 Climate Change Conference taking place in Glasgow, a key question is what do all the new pledges by different countries to reduce emissions mean for global warming? This was a central question we addressed in the IEA’s recent World Energy Outlook 2021 (WEO-2021), and we are continuing to update that analysis. By
The United Arab Emirates (UAE) aims to capture 25 per cent of the global hydrogen fuel market by 2030, state news agency WAM reported. The major oil producer also said that it was implementing more than seven ambitious hydrogen projects, targeting main export markets including Japan, South Korea, Germany and India, in addition to other
A bipartisan group of US governors sent a letter to the on Thursday to ask for guidance on an action that could expand sales of a fuel with a higher ethanol blend. The letter sent to the Environmental Protection Agency comes after an appeals court in July struck down a U.S. action from 2019 that
The decarbonization of EU road transportation will increasingly impact the demand for fossil and biofuel, especially after 2030. The long-term outlook for biofuels, beyond 2045, does not look promising, as the expected decline in demand is likely to encourage biofuel companies to look for alternative uses for their products, according to a new research report
Texas-based fuel company Nacero will build its second low- and zero-carbon fuels plant in Newport Township, Pennsylvania. The $6-billion investment will bring approximately 4,000 construction jobs to the area. The completed facility will employ approximately 450 workers. The new manufacturing facility will produce low- and zero-lifecycle carbon footprint gasoline blendstock made from natural gas and