Energy company Idemitsu Kosan has signed a memorandum of understanding (MoU) with Korea Electric Power Corporation (KEPCO) to collaborate on the establishment of a blue/carbon-free ammonia supply chain in Japan and Korea. Courtesy of Idemitsu Kosan The companies will jointly do a study on the procurement, marine transportation, and supply
South Korean shipbuilding major Samsung Heavy Industries (SHI) has teamed up with a Denmark-based startup focused on nuclear reactor technology Seaborg Technologies and Korea Hydro & Nuclear Power (KHNP), an owner and operator of nuclear power plants, in a consortium that aims to develop floating nuclear power plants. Signing Ceremony
The European Union (EU) and Norway have formed a Green Alliance to strengthen their cooperation on clean energy and industrial transition as well as joint climate action and environmental protection efforts. European Union flag (Courtesy of the European Commission/Photo by Mauro Bottaro) The agreement was signed on 24 April in
As the global maritime industry embarks on a decarbonization journey, a recent survey conducted among industry stakeholders has revealed that the path towards decarbonization will be complex, with a wide range of fuels in the mix through 2050. Illustration; Courtesy of CMA CGM The survey respondents expect their fleets to
Energy company Aramco has announced that a shipment of low-carbon ammonia has arrived in Japan for use as fuel in power generation. Courtesy of Aramco More specifically, this shipment, which is described as the first accredited low-carbon ammonia one to arrive in Japan, was transported to the Fuji Oil company’s
Energy companies RWE and Kellas Midstream have signed a memorandum of understanding (MoU) to explore the potential for large-scale green hydrogen production in Teesside, UK. Courtesy of RWE RWE said the hydrogen production site will be located close to emerging hydrogen infrastructure and will leverage each of the company’s leading
US-based LNG player Excelerate Energy has completed the purchase of the floating storage regasification unit (FSRU) Sequoia. Excelerate Sequoia. Courtesy of Excelerate Energy The FSRU was purchased for a price of $265 million from Anemoesa Marine Inc., a company incorporated under the laws of the Republic of the Marshall Islands.
Greek ship management company Alpha Gas has taken delivery of its new LNG carrier from South Korean shipyard Hyundai Samho Heavy Industries (HSHI). Energy Fidelity. Courtesy of Alpha Gas With a cargo capacity of 174,000 cbm, the LNG carrier Energy Fidelity is the newest addition to Alpha Gas’ in-house commercial and technical
South Korean shipping major HMM has signed a Memorandum of Understanding (MoU) with compatriot specialty chemicals company LOTTE Fine Chemical for the marine transportation of ammonia. Image credit HMM The MoU also covers the bunkering of ammonia and methanol fuel and comes after HMM made a major order for methanol-powered