Ardmore Shipping Corporation has inked definitive agreements for the investment into Element 1 Corp.’s methanol-to-hydrogen technology. The initial deal was revealed in March and it includes the establishment of the e1 Marine joint venture and Ardmore’s purchase of an approximately 10% equity stake in Element 1 Corp. Oregon-based E1 has developed advanced hydrogen
Russia has finished laying the first line of the Nord Stream 2 gas pipeline to Germany, Reuters reported President Vladimir Putin as saying at an economic forum on Friday, 4 June. Nord Stream 2 comprises two parallel 48-inch lines, approximately 1,200 kilometers long, each starting southwest of St. Petersburg and
Russia’s Novatek and Severstal have signed a Memorandum of Understanding (MoU) to cooperate on hydrogen energy to reduce greenhouse gas emissions. Courtesy of Novatek The MoU is signed to provide for the implementation of a joint pilot project for the production, transportation, storage, and use of “blue” hydrogen. The companies
An offshore hydrogen production plant powered by electricity from a floating wind turbine is scheduled to be put into operation next year in France. The hydrogen production system will be installed at the SEM-REV demonstration site off the coast of Le Croisic in France, where it will be linked with
French LNG containment specialist GTT has received an order for the design of two very large Membrane Full Containment LNG storage tanks from China Chengda Engineering. Courtesy of GTT Each of the two ordered latest generation membrane storage tanks has a net capacity of 220,000 cubic metres and is fitting
UK’s ship management company Newport Shipping’s LNG fuel tank system for crude tankers and bulkers has gained class approval to facilitate retrofits in line with new environmental requirements. Courtesy of Newport Shipping Classification society DNV granted the approval-in-principle (AIP) affirming the technical feasibility of the concept for the very large
Russa’s Novatek and TotalEnergies have strengthened their ties on the Arctic LNG projects with two new agreements. Illustration courtesy of Novatek During an event in Saint-Petersburg, Novatek signed a deal to sell 10 per cent participation interest in Arctic Transshipment to TotalEnergies. “The transshipment facilities will ensure the optimal utilization
