A financial consortium led by Diplomatic Trade, Q Finance and ARC Capital has opened preliminary talks with Turkish officials for the establishment of foreign direct investment (FDI) in hydrogen fuel cell technology and projects supporting the implementation of hydrogen fuel cells, powering commercial shipping and other strategic uses. Illustration. Image
U.S. LNG operator Dominion Energy loaded the 300th commercial cargo at the Cove Point LNG terminal at the end of July. Courtesy of Dominion Energy Berkshire Hathaway’s unit BHE GT&S, the operator of the terminal, said on 4 August 2022 that the Cove Point LNG loaded its 300th commercial cargo at
Ammonia Tug design/Source: NYK Japanese shipping major NYK is pushing forward with plans to convert its LNG-fueled tugboat Sakigake to operate on ammonia fuel. The tugboat, operated in Tokyo Bay by NYK Group company Shin-Nippon Kaiyosha Corporation, is scheduled to be converted by 2024. The fuel modification contract has been
Glasgow-based electricity company ScottishPower has teamed up with Hutchison Ports to explore the development and construction of a multi-hundred MW green hydrogen production facility at Port of Felixstowe, Britain’s top container port. The duo is planning to use green hydrogen for onshore purposes, such as road, rail and industrial use,
Oilfield services provider Baker Hughes has agreed to buy the Power Generation division of BRUSH Group from One Equity Partners to enhance its e-LNG portfolio. Illustration; Courtesy of Baker Hughes BRUSH is an equipment manufacturer that specializes in electric power generation and management for the industrial and energy sectors. According
As the decarbonization push gains pace, uncertainty over the future of marine fuels is hindering investments in new ships. But rather than taking a wait-and-see approach, ship owners are joining industry partners to get a better insight into the current fuel market situation and outlook in order to help them
U.S. engineering firm Matrix Service Company (MTRX) has signed a deal with Korea Gas Corporation (KOGAS) to support South Korea’s development of a hydrogen economy. Illustration only; Courtesy of KOGAS On 8 August, MTRX said it signed a memorandum of understanding (MoU) with KOGAS to support Korea’s development of a
U.S.-based LNG specialist Excelerate Energy and Philippines company Topline Energy are collaborating on the Luzon LNG Terminal project that will bring an LNG hub to Cebu. Illustration only; Courtesy of Excelerate Energy The local news reported that MACTAN Economic Zone – Facilities, Maintenance and Environmental Association (MEZ-Famea) held its second
The Netherlands-based engineering company Iv-Offshore & Energy has developed a platform that uses offshore wind energy to produce 85 kilotonnes of hydrogen per year. With a capacity of 500 MW, the platform can produce enough green hydrogen in a single day to power more than 300,000 hydrogen cars to drive