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Transition

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Shipping
Transition

WasteFuel, Averda to produce green methanol for shipping in the Middle East

Averda, a waste management and recycling company, and WasteFuel, a developer of bio-refineries focused on converting municipal solid waste into low-carbon fuels, have announced their partnership during the COP27 Climate Conference targeting the development of the first commercial-scale municipal was

about 3 years ago
vessel at DP World terminal
Transition

DP World earmarks $500 million to cut CO2 emissions across its business

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Dubai-based logistics heavyweight DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next five years. The move was announced by the company’s Chairman and Group CEO, Sultan Ahmed Bin Sulayem while he was addressing delegates at the

about 3 years ago
The signing of MoU between ACWA Power and PLN for floating solar projects in Indonesia (Courtesy of ACWA Power)
Transition

ACWA Power enters floating solar sector

ACWA Power has signed a deal with Indonesia’s state-owned electricity utility PT Perusahaan Listrik Negara (Persero) to develop two floating solar projects in the world’s largest archipelagic state.

about 3 years ago
With energy security in mind, ADNOC CEO calls for ‘maximum energy with minimium emissions’
Transition

With energy security in mind, ADNOC CEO calls for ‘maximum energy with minimium emissions’

Keeping the global energy crisis at the forefront, the CEO of ADNOC believes that the world needs all the energy solutions it can get.

about 3 years ago
shipping
Transition

In focus: Window to meet 1.5°C target is closing, urgent transformation is needed now

As the UNEP points to slow progress on achieving 1.5°C target, it is more urgent than ever to put pledges into action, and accelerate the transition with strong support from the financial sectors.

about 4 years ago
Saudi giant unveils $1.5bn sustainability fund to support ‘stable and inclusive’ energy transition
Transition

Saudi giant unveils $1.5 bln fund to support ‘stable and inclusive’ energy transition

Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support the energy transition.

about 4 years ago
ICS proposes sustainability fund to IMO that would reward ships using alternative fuels
Transition

ICS proposes sustainability fund to IMO that would reward ships using alternative fuels

The International Chamber of Shipping (ICS) has submitted a refined proposal to shipping’s UN regulator seeking the establishment of a fund and reward system to accelerate the sector’s uptake of alternative fuels and its transition to a net zero future. The refined proposal combines elements from it

about 4 years ago
IMO Symposium
Transition

Should shipping bid for existing alternative fuels, or wait for technologies to mature?

in an environment where there is a scarcity of renewable fuels, the question arises whether it is a sustainable pathway for shipping to take a limited amount of renewable energy and apply it to an industry where you only get 25% utilization of what you’re starting with.

about 4 years ago
ammonia-ready
Transition

Clarksons: There are 130 ammonia-ready and 6 hydrogen-ready vessels on order

The green transition of the shipping industry is picking up pace with shipowners starting to invest in vessels that are technologically prepared to burn alternative fuels such as ammonia and hydrogen. Uptake of alternative fuels has continued to progress, with 4.8% (2021: 3.7%, 2017: 2.3%) of the fl

about 4 years ago
First turbine delivers power at EOWDC (Aberdeen) offshore wind farm
Transition

Offshore wind could grow 56-fold by 2050 and significantly contribute to green hydrogen production, DNV’s new report says

Offshore wind capacity could grow 56-fold until 2050, driven by a growing need for decarbonisation and energy security, and decreasing costs. Regarding the latter, bottom-fixed and floating offshore wind levelised costs of energy (LCoE) are forecast to drop by 39 per cent and 84 per cent, respective

about 4 years ago
ACWA Power and KEPCO forge green hydrogen/ammonia alliance
Transition

ACWA Power and KEPCO forge green hydrogen/ammonia alliance

Saudi developer of green hydrogen projects ACWA Power and South Korean electric utilities provider Korea Electric Power Corporation (KEPCO) have teamed up to develop green hydrogen/ammonia projects to decarbonise KEPCO’s operations. The companies have signed an extensive memorandum of understanding

about 4 years ago
Courtesy of Clean Sea Transport
Transition

Platten: Hundreds of thousands of seafarers will need training to be able to handle new fuels

Hundreds of thousands of seafarers will require some type of new training by 2050 to be able to handle fuels such as ammonia, hydrogen or methanol and a significant number by 2030, initial findings of a massive study commissioned by the International Chamber of Shipping (ICS) show. The research stud

about 4 years ago
In focus: Are countries caught between energy security and net-zero pledges?
Transition

In focus: Balancing act between energy security and net-zero goals

The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.

about 4 years ago
Moscow Maersk
Transition

Converting boxships to methanol & ammonia is feasible and cost-effective, report says

Converting containership vessels to alternative fuels is technically and economically feasible, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping said citing findings of a new report. As the industry moves to decarbonize its fleet, numerous questions remain to be answered on the best pathways f

about 4 years ago