The South Korean government unveiled plans to develop a testbed to accelerate the development of carbon-neutral vessels. Over the next five years, South Korea will invest a total of KRW 36.4 billion (about $33 million), the country’s Ministry of Oceans and Fisheries (MOF) said in a statement. Scheduled to be
Novatek informed on Wednesday that the Arctic LNG 2 project has concluded 20-year LNG sales and purchase agreements with all the project’s participants. Courtesy of Novatek The deals cover the total LNG production volume of the Arctic LNG 2 project. The LNG sales from Arctic LNG 2’s first liquefaction train
Millennium Energy Vietnam, a member of the U.S.-based Millennium Petroleum Group, has proposed to develop a $15 billion LNG project in Soc Trang province. Cortesy of soctrang.gov.vn The proposed LNG project includes a power plant with a total capacity of 9600 megawatts, located in Soc Trang province, a southern Vietnamese
Carbon capture technology provider Carbon Clean has entered into an agreement with power-to-fuels developer Liquid Wind to develop a carbon-neutral marine fuel. Under the terms of the deal, Carbon Clean’s technology will capture biogenic carbon dioxide emissions from a local industrial site. Within the Liquid Wind facility, the CO₂ will
Major industry players, among which are Mitsubishi Heavy Industries, Shell, ArcelorMittal, and Airbus, have joined forces to form Hamburg Hydrogen Network to promote hydrogen and reduce emissions. Courtesy of Wärme Hamburg Hamburg Hydrogen Network (Wasserstoffverbund Hamburg) is formed by Airbus, ArcelorMittal, Gasnetz Hamburg, GreenPlug, Hamburger Hafen und Logistik, Hamburg Port
Spanish ferry operator Baleària said it has taken delivery of its LNG-fueled fast-ferry Eleanor Roosevelt. Courtesy of Baleària The vessel departed the Armon shipyard in Gijón and headed to Dénia. It will start operating on the route connecting the port of Dénia with Ibiza and Palma on May 1. Baleària
The French cruise line Ponant has reached a new milestone in the construction of its LNG-powered hybrid electric polar exploration vessel. Courtesy of Ponant In a brief statement through its social media channels, Ponant said the vessel, named Le Commandant Charcot kicked off sea trials. During the week-long sea trials
Industrial company Hydro has lined up a 1.1 billion Brazilian Real ($202.2 million) investment to switch its Alunorte alumina refinery in Brazil to run on liquefied natural gas. Courtesy of Hydro The switch is in line with the company’s climate strategy to reduce greenhouse gas emissions by 30 per cent
The Nordic energy company Gasum has opened a liquefied biogas plant in Nymölla, Sweden. Courtesy of Gasum The facility, the first of its kind in Sweden, has been developed by Gasum and the provider of the renewable materials Stora Enso. By turning process water generated by Stora Enso’s Nymölla paper