European Energy is collaborating with Maersk on a green methanol project in Denmark that will use solar generated electricity to produce the fuel stock. European Energy subsidiary Reintegrate is working with shipping group Maersk, which will use the e-methanol to operate one of its vessels. REintegrate and European Energy will establish a new Danish facility
Europe’s vast network of liquefied natural gas terminals can’t save it from a winter supply crunch. LNG supplies entering European grids in July fell to the lowest for that month in three years and the outlook for this month is even grimmer. Just one cargo is scheduled to arrive in the UK in August and
The backwardation in the Asian 180cst and 380cst high-sulphur fuel oil (HSFO) markets has widened to multi-month highs, driven by higher power generation and bunker fuel demand. The backwardation in 180cst HSFO markets, or the premium of prompt prices to forward values, widened from $5.75/t on 3 August to over a nine-month high of $6/t
DWT tanker, acquired from Neste in Finland and now renamed as Monjasa Trader, left the Port of Rotterdam on 15 August and is now heading for Lomé in West Africa. Announcing the acquisition of the tanker, Monjasa highlighted the increasing local availability of very low sulphur oil in West Africa. The ‘high quality’ product is
Russian marine fuel sales declined by 20 per cent to about 2.4mn t in the first half of the year, from 3.1mn t during the same period last year, but demand was mixed at the different coasts. Overall Russian demand fell amid strong price competition from other international ports, tighter product availabilities and adverse weather
Eyeing to get investment in the Ethanol, Assam government has come up with Ethanol Production Promotion Policy 2021. The policy offered a huge range of incentives to investors’ investing in the sector. The State Cabinet has approved the Assam Ethanol Production Promotion Policy 2021, said Assam industry and commerce minister Chandra Mohan Patowary on Thursday.
Most ELD and fleet management systems are able to report the fuel efficiency data of tractors and the impact of certain driver behaviors like speeding and throttle usage. The data comes directly from the engine’s electronic control module (ECM), but may not be enough to assess the before-and-after results of fuel-saving technologies. Different variables need
China’s crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes. China brought in 41.24 million tonnes of crude oil last month, equivalent to 9.71 million barrels per day (bpd), data from
Researchers at Rice University’s Carbon Hub are proposing the idea of actually using hydrocarbons to slash carbon dioxide emissions. In an opinion paper published in the journal Proceedings of the National Academy of Sciences, carbon materials expert Matteo Pasquali and Carl Mesters, retired chief scientist for chemistry and catalysis at Shell, propose splitting hydrocarbon molecules
Galveston Wharves at the Port of Galveston and energy transition services firm Stabilis Solutions have signed a memorandum of understanding to enable LNG bunkering at that Texas port, the companies have said. Under the terms of the MOU, the port and Stabilis will provide LNG fueling solutions to vessels calling there, including identifying suitable dock