Japanese shipping giant MOL plans to invest approximately ¥200 billion ($ 1.81 billion) in low carbon/decarbonization fields over three years from 2021 to 2023 fiscal year. The investment was revealed as part of MOL Group’s Visionand Outline of Rolling Plan 2021 released on Monday. The environmental strategy will see the
CSSC’s subsidiary China Shipbuilding Power Group has delivered CX40DF, China’s first low-speed LNG dual-fuel marine engine, in Zhenjiang, Jiangsu. Courtesy of CSSC The official delivery to China State Shipbuilding Corporation Limited (CSSC) Huangpu Station in Zhenjiang took place on 2 April 2021. CX40DF is reported to be China’s first independently-developed
German LNG fueling network developer LIQUIND Marine and its compatriot GasCom have been selected for the supply of LNG to Germany’s largest ferry. Courtesy of LIQUIND Marine The respective cooperation agreement has recently been signed with the ferry operator Elbferry, LIQUIND said in its statement. The ferry Greenferry 1, which
Russia’s largest independent natural gas producer Novatek reportedly aims to secure additional $11 billion financing for its Arctic LNG 2 project. Courtesy of Novatek The company intends to offer its 60 per cent stake in the project as collateral for long-term financing, Reuters reports. At the company’s annual general meeting
Korea Gas Corporation (KOGAS), South Korea’s LNG importing giant, has placed an order for an LNG bunkering vessel at Hyundai Heavy Industries. Illustration only (Courtesy of KOGAS) KOGAS noted in its statement, its LNG bunkering unit signed the shipbuilding contract was signed on March 24. The vessel will have a
Swedish-based heat transfer, centrifugal separation, and fluid handling specialist Alfa Laval has become a partner in the Swedish company Liquid Wind, which develops electro-fuel facilities to produce renewable clean fuels. The fuels are intended to be used primarily by marine and road transport among others in the supply chain. Alfa
Australian energy company Pure Hydrogen has signed a MoU with renewable energy company Wildfire Energy to produce hydrogen from commercial waste by using Wildfire’s technology. Moving Injection Horizontal Gasification (MIHG) technology; courtesy of Wildfire Eenergy Under the MoU, Wildfire Energy is to deliver its plant south of Brisbane targeting hydrogen
BW LNG, a unit of the Singapore-based gas shipping giant BW Group, has secured a five-year FSRU charter deal with FGEN LNG Corporation. Screenshot (Courtesy of BW LNG) The company will deploy its FSRU BW Paris that has completed the FSRU conversion at the Keppel Shipyard in Singapore. The vessel
Plug Power, Chart Industries and Baker Hughes have teamed up as cornerstone investors in FiveT Hydrogen Fund. Courtesy of FiveT FiveT is a clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen infrastructure projects at scale. Plug Power intends to commit €160 million ($200 million), and Chart Industries and Baker
Norwegian natural gas supplier Gasnor has signed a 5-year agreement to supply LNG to Oddrun With, Ulvan Rederi’s new hybrid vessel. Courtesy of Gasnor Ulvan Rederi is building Oddrun With, a multi-purpose cargo vessel with a hybrid propulsion system that includes LNG engines and battery. The vessel is set to