Search results for: chile ammonia

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  • Next on the horizon: A naming ceremony for an ammonia-powered ship?

    15 September 2023
    Business Developments & Projects, Green Marine, Innovation, Market Outlooks, Outlook & Strategy, Transition, Vessels

    Thursday witnessed a momentous occasion in the annals of container shipping, one that reverberated with promises of greener, more sustainable days ahead for the maritime industry. The naming ceremony of the world’s first methanol-powered containership, the Laura Maersk, took center stage, signifying a propulsion revolution that is poised to reshape the future of global shipping. […]

  • OCI inks green H2 supply deal with NFE to boost its green NH3 production

    15 September 2023
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy

    Dutch producer and distributor of hydrogen-based products OCI Global and U.S. energy company New Fortress Energy (NFE) have signed an agreement for OCI to offtake green hydrogen from NFE’s ZeroParks beginning in 2025, following a competitive bidding process. OCI said that green hydrogen will be produced by ZeroParks using proton exchange membrane (PEM) technology and […]

  • Will a net-zero dash enable the UK to reap more benefits?

    10 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    New poll shows the majority of British people are in favor of hastening the UK’s net-zero aspirations, thus, more green policies are seen as a safe bet for winning incoming elections.

  • CMA CGM’s 13K TEU LNG-powered containership hits the water

    22 September 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    A colossal containership sporting a green livery and a prominent LNG-powered designation on its hull has hit the waters at Chinese shipbuilding major Hudong Zhonghua. The LNG dual-fuel 13,000TEU container ship (H1841A), named CMA CGM Paraty, was built for the French CMA CGM Group. The ceremony was held on September 20, marking the launching of the […]

  • Woodmac: Europe’s carbon border adjustment sparks decarbonization and price surge

    21 September 2023
    Authorities & Government, Business Developments & Projects, Green Marine, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition, Vessels

    A recent report from Wood Mackenzie titled “Playing by New Rules: How the CBAM Will Change the World” sheds light on the potential consequences of the European Union’s Carbon Border Adjustment Mechanism (CBAM). The Carbon Border Adjustment Mechanism, a policy that will require producers of goods imported into the European Union (EU) to pay an […]

  • GCMD, SGMF to develop guidelines on the use of ammonia as marine fuel

    7 September 2023
    Business & Finance, Business Developments & Projects

    The Global Centre for Maritime Decarbonisation (GCMD) and the Society for Gas as a Marine Fuel (SGMF) have signed a 2-year Coalition Partnership agreement during Gastech 2023. Under the agreement, GCMD and SGMF plan to collaborate on reshaping standards by developing guidelines on the use of ammonia as a marine fuel. SGMF’s guidelines for LNG […]

  • New global initiative aiming to transform net zero hydrogen production

    19 September 2023
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy, Research & Development, Transition, Vision

    Cranfield University has announced it is leading the UK’s collaboration on an international partnership, the Global Hydrogen Production Technologies Center (HyPT), to make low-cost, large-scale, net zero hydrogen production a reality. The HyPT is a £14.1 million ($17.45 million) five-year project which seeks to accelerate net zero hydrogen technologies to make it available at low […]

  • Freeport East could play a key role in hydrogen-enabled shipping corridors, study shows

    20 September 2023
    Business Developments & Projects, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics, Research & Development

    Freeport East, one of eight new Freeports in England covering an area within roughly 45 kilometers of the ports of Felixstowe and Harwich, holds the potential to become a key player in the development of hydrogen-enabled green shipping corridors as well as decarbonization of transport, a new study suggests. The study published on September 12, […]

  • Aramco CEO: Widening gap in global energy transition lays bare need for ‘more realistic and robust’ multi-source plan

    20 September 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Transition

    Aramco’s CEO has called upon world leaders and energy players to devise concrete transition steps in a bid to ensure a just transition and avert a potential energy crisis, as a result of a premature phasing out of fossil fuels.

  • OCI Global eyes increase in green methanol production capacity in U.S.

    14 September 2023
    Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Vision

    Dutch producer and distributor of hydrogen-based products OCI Global has revealed plans to double its green methanol production capacity to approximately 400,000 metric tons per year in response to the growing demand for green methanol from numerous high-emissions industries, including shipping. According to OCI, green methanol can effectively decarbonize traditionally hard-to-abate sectors by significantly reducing […]

  • Signol, Stolt Tankers launch project to further reduce CO2 emissions

    13 September 2023
    IT & Software

    UK software company Signol has teamed up with shipowner Stolt Tankers to launch a pilot project to further reduce CO2 emissions from the vessels.

  • Hapag-Lloyd CEO: Industry must work together to create a level-playing field

    21 September 2023
    Authorities & Government, Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The shipping industry needs to work together to accelerate the energy transition and establish a level playing field, ensuring Europe’s competitive edge on the global stage, Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said yesterday in a powerful address at the European Shipping Summit (ESS) in Brussels. The European Shipping Summit 2023 in Brussels 19-20 September brought […]

  • Ammonia-powered ships expected to be 50-130 pct pricier to build

    31 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels

    The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, private equity firms, lessors, export credit agencies, and […]

  • Petrobras sets its cap on pursuing further decarbonisation pieces in energy transition puzzle

    14 September 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Project & Tenders, Transition

    Brazilian state-owned oil and gas giant Petrobras has notched new emissions reduction milestones, thanks to two of its giant fields in the pre-salt of the Santos Basin recording emissions below the world average last year.

  • In focus: Road to net zero has become much bumpier

    8 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Storage, Technology, Transition, Vision

    Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in point – offshore wind Long hailed […]

  • Grimaldi’s 2nd CO2-slashing multipurpose vessel delivered

    4 September 2023
    Business Developments & Projects, Green Marine, Vessels

    The Grimaldi Group has taken delivery of its second con-ro multipurpose ship of the G5 class named the Great Lagos. The G5-class vessel was built by Hyundai Mipo Dockyard Co. Ltd. in Ulsan, South Korea. It is able to transport 4,700 linear metres of rolling freight, 2,500 Car Equivalent Units (CEU) and 2,000 TEU. The […]

  • MISC and NYK Line join maritime methane abatement drive

    7 September 2023
    Business Developments & Projects, Collaboration, Environment, Green Marine, Outlook & Strategy, Regulation & Policy, Research & Development, Technology, Transition, Vessels

    Japanese shipping company NYK Line, Malaysian shipping line MISC, and MiQ, a methane measurement certification company, have joined the Methane Abatement in Maritime Innovation Initiative (MAMII). With the new members, the collective of shipping leaders aiming to address the environmental implications of liquefied natural gas (LNG) has more than doubled in membership in its first […]

  • Avance Gas orders two more dual-fuel LPG/ammonia carriers at CIMC SOE

    21 August 2023
    Business Developments & Projects, Green Marine, Infrastructure, Vessels

    Following the shipbuilding contract from June 2023, Norwegian shipping company Avance Gas has now declared the option to book another two mid-sized LPG/ammonia carriers at Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). The ships will have a cargo capacity of 40,000 cubic metres and are scheduled for delivery during the second and fourth quarters […]

  • Blue ammonia to be abundantly available for maritime industry by 2027, says Maersk Mc-Kinney Moller Center

    24 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Research & Development, Transition, Vessels

    Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The report titled ‘Will CO2 storage limit blue fuel availability for […]

  • ACWA Power inks cooperation deals with six Italian partners, hydrogen included

    4 September 2023
    Business Developments & Projects, Collaboration, Outlook & Strategy, Research & Development

    ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed strategic agreements with six Italian partners to bolster cooperation in the fields of green hydrogen, water desalination and research and development (R&D). The six Italian entities include the small, medium and large enterprises federation Confindustria, […]

  • Laura Maersk is born: Ursula von der Leyen christens world’s 1st green containership

    14 September 2023
    Business Developments & Projects, Green Marine, Innovation, Market Outlooks, Outlook & Strategy, Transition, Vessels

    The world’s first containership powered by green methanol has officially been named in the picturesque city of Copenhagen, Denmark by the President of the European Commission Ursula von der Leyen. “I name you Laura Maersk! As you sail the waters of the world, may your journeys be smooth and your tasks successful. May you bring […]

  • 11 more FPSOs in Brazil’s pre-salt layer on Petrobras’ five-year agenda

    6 September 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy, Project & Tenders

     Petrobras has unveiled plans to put 11 additional FPSO units into operation in the pre-salt layer offshore Brazil by 2027, which are anticipated to boost production, enabling it to reach 2.4 million boe.

  • Green light shines bright for $7.2 billion deepwater oil project in Gulf of Mexico

    30 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation

    Woodside has received a stamp of approval from the Mexican regulator, Comision Nacional de Hidrocarburos (CNH), for a field development plan (FDP) covering a deepwater oil project in the Perdido basin in the Gulf of Mexico.

  • Rystad Energy: 55 CO2 carriers needed by 2030

    4 September 2023
    Green Marine, Market Outlooks, Outlook & Strategy, Transition

    A fleet of 55 carbon dioxide (CO2) carriers will be required by 2030 to meet the upcoming demand from the offshore storage projects, according to Rystad Energy, which estimates that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade. The estimated volume will require 48 […]

  • Petrobras and Chinese players join forces in pursuit of oil & gas, renewables, and CCS opportunities

    31 August 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Exploration & Production, Outlook & Strategy, Project & Tenders, Transition

    Petrobras has teamed up with Chinese companies to bring its strategic five-year plan to life and prepare for a more sustainable future.