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Northern Lights CCS project grabs a slice of EU's Connecting Europe Facility funding

Energy Transition

Northern Lights CCS project grabs a slice of EU funding

The European Commission (EC) has awarded €131 million for the Northern Lights carbon capture and storage (CCS) project under its Connecting Europe Facility (CEF) funding scheme. A total of eight cross-border energy infrastructure projects are getting a part of the EU funds. EU Member States have end

about 2 years ago

Energy Transition

Avance Gas sells ammonia-ready dual fuel VLGC newbuilds

Norwegian shipping company Avance Gas has agreed to sell its two remaining 91,000 cbm dual fuel newbuildings scheduled for delivery next year. The company said that the two newbuildings would be sold for $240 million en bloc. The buyer of the vessels was not disclosed. The very large gas carriers (V

about 2 years ago

Viking CCS project; Source: Harbour Energy

Energy Transition

Cory Group joins forces with Harbour Energy, bp, and ABP in CO2 transport and storage pact

Harbour Energy, bp, and Associated British Ports (ABP) have entered into an exclusive commercial agreement with Cory Group for the transportation and storage of carbon dioxide (CO2) by ship. The collaboration centers around Viking CCS, the Humber-based CO2 transportation and storage network spearhea

about 2 years ago

Energy Transition

Green corridor surge: initiatives soar to 44, doubling from last year’s count

The number of green corridor initiatives around the world went from 21 to 44 over the past year, according to the findings of the 2023 Annual Progress Report on Green Shipping Corridors released by the Global Maritime Forum. The report finds that there is a ‘substantial maturation’ among existing co

about 2 years ago

Energy Transition

Denmark and USA to explore development of green corridors in the Global South

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, the U.S. Department of State, the U.S. Department of Energy, and the Danish Government have joined forces to resource and execute pre-feasibility studies for green corridors in five countries in the Global South, as announced on Friday at C

about 2 years ago

Energy Transition

Northern Lights’s LCO2 carrier pair hits 60% completion milestone

The construction of the first two Northern Lights’ ships has surged past the 60% completion mark, signaling substantial strides in the creation of what has been described as the world’s first large vessels tailor-made for liquified CO2 transport, the company said. The Northern Lights project, a join

about 2 years ago

Energy Transition

Unity is key to successful green transport corridors

Germany and Sweden have together made considerable advancements in establishing a green shipping and logistics corridor between Kiel and Gothenburg, participants at a recent port event in Gothenburg said.

about 2 years ago

KNCC LCO2 carrier with LCO2-EP containment system

Energy Transition

KNCC says its LCO2-EP technology is proven and ready for commercialization

Knutsen NYK Carbon Carriers AS (KNCC), a joint venture established last year between Japanese shipping major NYK and Norway’s Knutsen Group to transport liquid CO2, revealed that its LCO2-EP technology to store and transport liquefied CO2 at ambient temperature tested and proved at the test-rig faci

about 2 years ago

Energy Transition

Northern Lights, Yara seal binding CO2 transport and storage deal

Norwegian-based ammonia player Yara International has signed a binding commercial agreement with Northern Lights, a CO2 transport and storage supplying JV created by energy majors Shell, Equinor, and TotalEnergies, which is expected to pave the way for the world’s first cross-border transportation a

about 2 years ago

Energy Transition

Rotterdam and Oslo to create a green corridor with Samskip’s hydrogen-fueled ships

The City of Rotterdam and the City of Oslo have signed a Memorandum of Understanding (MoU) to establish a green corridor for short-sea shipping that will be served by Samskip’s next-generation zero-emission SeaShuttle vessels. Under the partnerships, the two European port majors will work on acceler

about 3 years ago

Energy Transition

Estonia and Finland to create green shipping corridor

Estonia and Finland have signed a Memorandum of Understanding (MoU) to create a green shipping corridor on both sides of the Gulf of Finland, to ensure and accelerate net-zero goals.

about 3 years ago

Energy Transition

Rystad Energy: 55 CO2 carriers needed by 2030

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

about 3 years ago

Energy Transition

Höegh LNG, Aker BP forge alliance on CO2 transportation and storage

Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has entered into a strategic partnership with oil major Aker BP to develop a fully comprehensive carbon capture and storage (CCS) offering for industrial CO2 emitters in Northern Europe. Under the agreement, the two companies plan to c

about 3 years ago

Energy Transition

MMM Center & Chile expand partnership on development of green corridors

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and the Chilean Ministries of Energy have signed a Memorandum of Understanding (MoU) to further expand their partnership focusing on the development of green corridors. The parties first started collaborating in the spring of 2022 when they

about 3 years ago