Three of Korea’s large conglomerate groups have formed a new consortium to use hydrogen potential and build a green energy export corridor between North Queensland and north-east Asia. The consortium consists of Australian-based Ark Energy and its parent company Korea Zinc, as well as Korean conglomerates Hanwha Impact and SK
Hydrogen projects have reached record numbers globally as 680 large-scale projects were announced, which is an increase of 50% since November 2021. However, investments in hydrogen must triple by 2030 in order to achieve the global 2050 net-zero target, says a new report published by the Hydrogen Council. The report,
Following a license application for a carbon capture and storage (CCS) project in a depleted field in the North Sea, Eni UK, a subsidiary of the Italian oil and gas company Eni, has revealed the creation of a net-zero initiative to support this application. This initiative is targeting decarbonisation of
Finnish shipping company Meriaura, engine maker Wärtsilä, and Green NortH2 Energy have signed a Letter of Intent for building a cargo vessel that runs on green ammonia. The vessel will be ordered and operated by Meriaura, and Green NortH2 Energy is responsible for supplying green ammonia fuel, which is produced with
The European Commission (EC) has approved IPCEI Hy2Use, the second Important Project of Common European Interest (IPCEI) in the hydrogen value chain. The project will receive up to €5.2 billion in public funding from thirteen member states. The project involves 29 companies and 35 projects from thirteen member states: Austria,
German company Deutsche ReGas has kicked off the construction of ‘Deutsche Ostsee’, a liquefied natural gas (LNG) terminal in Lubmin in the northeast of the country. According to the company, the construction began on 20 September as an ‘important milestone’ for the project. The industrial port will undergo upgrades to
International Renewable Energy Agency (IRENA) has released a new report, setting out urgent priorities to rapidly make more clean technologies the most affordable options in key sectors. Illustration (Courtesy of IRENA) The first annual Breakthrough Agenda Report, requested by 45 world leaders, delivers a progress report on the actions needed
French LNG containment specialist GTT has received the tank design order for two new LNG carriers (LNGCs) from Chinese shipbuilder Hudong-Zhonghua. Courtesy of Hudong-Zhonghua Shipbuilding On 20 September, GTT said it received an order from its partner Hudong-Zhonghua Shipbuilding for the tank design of two new LNGC on behalf of
The Federal Court in Australia has ruled against energy giant Santos but in favour of an indigenous group in a case related to the development of the Barossa offshore gas project. As a result, drilling activities are suspended pending a favourable appeal outcome or the approval of a new environment