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Carbon capture & sequestration market to reach $7 billion by 2028 bolstered by increased investments in carbon removal, Fortune Business Insight says

Transition

CCS market to reach $7 bln by 2028 bolstered by increased investments, Fortune Business Insight says

Fortune Business Insights expects the CCS market to grow to $7 bln by 2028 aided by rising investments in the energy transition initiatives.

about 4 years ago

Transition

Port of Gothenburg to save CO2 with hybrid service ship

During the second quarter of 2022, service ship Northern Skagerrak will be converted to a hybrid operation. It will collect oily engine room waste, known as sludge, from ships arriving at the Swedish Port of Gothenburg.

about 4 years ago

PortXL innovation platform supported two start-ups – Lexx and HelioRec (Courtesy of HelioREC)

Transition

Van Oord to use floating solar to power unmanned survey vessels

Dutch maritime giant Van Oord has signed a partnership agreement with floating solar specialist HelioRec to investigate the use of floating solar as power source for charging its unmanned survey vessels.

about 4 years ago

Transition

Aqua, Tritium partner up to power electric boats

London-based marine fast-charging network operator, Aqua superPower, and Tritium Holdings, an Australian developer and manufacturer of direct current (DC) fast charging technology for electric vehicles (EVs), have joined forces to electrify transportation on global waterways.

about 4 years ago

Transition

In focus: Global innovations and collaborations take the wheel of energy transition

The direction of the global transition to clean energy is getting more refined each week, as more of the world’s energy majors start investing in innovation and collaboration to shift energy production away from GHG-heavy sources.

about 4 years ago

Buzzard oil & gas field in the UK North Sea

Transition

Plans are in motion to electrify giant North Sea oil & gas field with floating wind farm

CNOOC Petroleum and Flotation Energy are working on a project, which would see one of the UK’s largest oil and gas assets electrified with power from a floating offshore wind farm.

about 4 years ago

Sevan concept gets green light for Equinor’s Barents Sea project

Transition

Sevan’s cylindrical FPSO concept selected for Barents Sea project

Sevan SSP has revealed its concept was chosen for the Equinor-operated Wisting field development in the Barents Sea.

about 4 years ago

Transition

Sweden to get 1st large-scale hydrogen-powered vessel by 2030

Passenger shipping company Rederi AB Gotland and its subsidiaries are developing Sweden’s first large-scale hydrogen-powered vessel for both passengers and freight, with water as the only emission.

about 4 years ago

Transition

Solstad investing in green tech to reach net-zero target

Over the next three years, Norwegian Solstad Offshore is planning to invest more than 300 million NOK (approximately $33.4 million) in battery hybrid conversion projects to achieve a 50% global fleet emission reduction by 2030.

about 4 years ago

Maersk Drilling on a mission to expand industry digitalisation horizons with new company

Transition

New solution from Maersk Drilling digitalises core workflows in offshore wells

Maersk Drilling has launched Horizon56 to support and drive forward the digitalisation of offshore drilling processes and the industry.

about 4 years ago

Transition

World’s 1st theatre ship gets eSAIL

La Naumon, the first theatre vessel in the world, has been equipped with eSAIL, a wind-assisted propulsion technology provided by Spanish cleantech engineering company bound4blue.

about 4 years ago

Minesto's utility-scale Dragon Class tidal kite (Courtesy of Minesto)

Transition

Minesto’s upgraded utility-scale tidal kites each set to deliver 3.5GWh of clean power annually

Swedish marine energy company Minesto has found that, based on analysed production data and verified simulations, its utility-scale Dragon Class tidal power plants are each projected to produce 3.5GWh of clean electricity per year at identified sites.

about 4 years ago

Transition

Rolls-Royce developing mtu methanol engines to make shipping greener

Focusing on methanol as a fuel for climate-friendly shipping, technology company Rolls-Royce aims to set standards in high-speed methanol engines.

about 4 years ago

Transition

DNV, industry players team up for CO2 ship transport solutions

Energy majors Equinor, Shell, TotalEnergies, Gassco and classification society DNV have unveiled the launch of a new joint industry project (JIP) to develop low-pressure solutions for the transportation of CO2 by ships.

about 4 years ago