South Korea’s flagship carrier HMM announced that it has cut its carbon emissions by half over the past decade. LNG-Ready HMM Nuri; Image credit HMM Namely, the shipping major’s data shows that the CO2 emissions generated when transporting 1 TEU of container for 1 km decreased from 68.7g in 2010 to
Japanese chemical company Asahi Kasei, a part of the Asahi Kasei Group, has established a ‘Care for Earth’ investment framework as a new initiative for carbon neutrality by investing $100 million worldwide in early-stage startups that aim to solve issues in environmental fields such as hydrogen, energy storage, carbon management,
Qatar’s state-owned oil and gas company QatarEnergy has signed a definitive partnership agreement with China Petroleum & Chemical Corporation (Sinopec) for the North Field East (NFE) expansion project. Courtesy of QatarEnergy With this deal, Sinopec becomes the first Aisan shareholder in one of the NFE joint venture companies that own the
Japan’s Itochu Corporation has decided to make an equity investment in Purus Marine, a recently formed, environmentally focused maritime vessel and infrastructure company. Image credit Purus Maritime UK-based Purus Marine owns and manages various environmentally advanced vessels. Its business purpose is to provide vessels that use various technologies to reduce carbon emissions
Canada-based Amp Energy, a global energy transition development platform, has signed an agreement with Australian iron ore exploration and mining company Iron Road Ltd. to develop green hydrogen at scale on the Cape Hardy Port precinct. Image: Amp Energy/Iron Road Cape Hardy is located on the east coast of Eyre
French LNG containment specialist GTT has received a new order from the South Korean shipyard Hyundai Samho Heavy Industries for the tank design of two new liquefied natural gas carriers (LNGCs). Illustration / Courtesy of Hyundai Samho Heavy Industries It will design the tanks of the two vessels, which will
Germany-based company Sunfire has installed the world’s largest SOEC electrolyser as part of the MultiPLHY project in Rotterdam, the Netherlands. Courtesy of Sunfire According to Sunfire, it is the first multi-megawatt high-temperature electrolyser installed for the production of green hydrogen in an industrial environment, which will be commissioned soon. Sunfire
The Danish Energy Agency has received two final offers related to Denmark’s first tender for the carbon capture, utilization and storage (CCUS) subsidy pool, with a contract expected in May. Image used for illustrative purposes only. Source: Magseis Fairfield The Danish Energy Agency announced in August 2022 that three applicants
The Sustainable Hydrogen Powered Shipping Project (sHYpS), which is centred around the idea of developing a liquid hydrogen (LH2) swappable storage solution for multiple types of vessels, is gaining ground. sHYpS kickoff meeting. Courtesy of sHYpS Launched in the summer of 2022, the sHYpS project gathers 13 partners in six
The HyVelocity Hub team has put in an official application for funding from the US Department of Energy’s (DOE) $8 billion Regional Clean Hydrogen Hubs programme. Illustration / Archive / Courtesy of DOE The application came after the team received encouragement from DOE to apply for the funding. To note,