Advanced Ionics, a developer of hydrogen electrolyzers, has closed a $12.5 million series A financing led by energy major BP Ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries (MHI) and GVP Climate. The new capital is expected to help catalyze Advanced I
Maritime fuel supplier Peninsula has concluded its first biofuel deal for Japanese shipping company Kawasaki Kisen Kaisha (K Line). On 11 August, Peninsula arranged the delivery of 700 tons of UCOME-based B24 marine biofuel to K Line’s oceangoing bulk carrier M/V Cape Amal in Hong Kong through local
Just shortly after news that the North Sea Transition Authority (NSTA) awarded a license for a carbon capture and storage (CCS) project to Perenco UK and Carbon Catalyst as part of its first competitive carbon storage license round, Wintershall Dea announced it had won one as well. Wintershall Dea’s
U.S.-based Commonwealth LNG has closed an investment of development capital from private funds managed by Kimmeridge Energy Management Company, boosting the development of its LNG export project in Louisiana, U.S. The investment is said to complete the development funding required for Commonwealth L
The North Sea Transition Authority (NSTA) has awarded a license for a carbon capture and storage (CCS) project encompassing the “UK’s largest depleted gas field” in its first competitive carbon storage license round. The NSTA has awarded Perenco UK and Carbon Catalyst with a license to progress thei
To support its green hydrogen project in Namibia, Hyphen Hydrogen Energy has signed a partnership agreement with ILF Consulting Engineers. Under the agreement, ILF will provide project management services and technical expertise to drive Hyphen’s project in Namibia, as well as procurement and contra
The Global Centre for Maritime Decarbonisation (GCMD) has bunkered the third supply chain of a biofuel blend as part of its pilot to develop a quality, quantity and GHG abatement assurance framework for drop-in green fuels. Partnering with Singapore-based tonnage provider Eastern Pacific Shipping (E
Singapore’s shipbuilder Strategic Marine has commissioned an emissions study to validate greenhouse gas emissions reduction using the Sea Forrest Green Cabin Energy Saving System. Sea Forrest is a company specializing in delivering energy management solutions through marine electric and hybrid propu
Oman LNG has signed a binding term-sheet agreement with German Securing Energy for Europe (SEFE) to supply 0.4 million metric tons per annum (mtpa) of LNG starting from 2026. According to a report from the Omani state news agency, the agreement, based on a 4-year contract, aims to enhance the partne
Australian electrolyser company Hysata has inaugurated its new 8,000 sqm global headquarters and electrolyser manufacturing facility in Port Kembla, marking a milestone in the company’s journey and paving the way for the commercialization of its high-efficiency electrolyser. The Australian Governmen
The way to secure the funds to complete the operation in full hangs in the air with around $20 million still missing.
Energy major Enagás has announced that the El Musel LNG terminal in Gijón, Spain, has received power major Endesa’s first vessel, the 180,000 m3 capacity Gaslog Warsaw, following the final technical tests required before the plant’s commercial commissioning. According to Enagás, on 31 July, followin
As the race to decarbonize the industry continues it’s becoming more and more evident that green fuels are essential for the much-needed energy transition and will surely play a pivotal role in the road towards net zero. Green methanol is rapidly emerging as a transformative marine fuel, leading the
Chevron U.S.A. Inc., a subsidiary of Chevron, and technology provider Cummins have signed a memorandum of understanding (MoU) to advance their collaboration on hydrogen, natural gas, and other lower-carbon fuel value chains. The MoU expands the two companies’ previous strategic collaboration on hydr
