The maritime industry must take immediate collective action on an unprecedented scale to bring the decarbonization of the industry closer to the Paris 1.5°C trajectory, according to Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. International and domestic shipping uses approximately 12.6 EJ of energy each year, corresponding to around
Abu Dhabi National Energy Company (TAQA), Mubadala Investment Company (Mubadala), and Abu Dhabi National Oil Company (ADNOC) have completed the Masdar (Abu Dhabi Future Energy Company) transaction, becoming its shareholders. TAQA has the largest stake of 43% in Masdar’s renewables business, ADNOC leads with a 43% stake in the green
Cameron LNG, a joint venture of Sempra Infrastructure, Mitsui & Co., Mitsubishi Corporation, TotalEnergies, and NYK Line, has partnered with electric service provider Entergy Louisiana to reduce its overall greenhouse gas (GHG) emissions. The parties have signed a memorandum of understanding (MoU) to negotiate the terms and conditions for a
Unions representing seafarers and maritime employers have signed a new memorandum of understanding (MOU) to take forward the ‘spirit of cooperation’ that marked the shipping industry’s joint efforts throughout the pandemic. The MOU’s signatories are the International Transport Workers’ Federation (ITF), the International Chamber of Shipping (ICS) and the International
U.S. naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) has developed a new design of methanol-fuelled harbor power and charging barge. Credit: EBDG Delivering 7 megawatts (MW) of continuous power generated by methanol, this floating mobile platform is capable of cold ironing to minimize emissions from large
Aker Carbon Capture is joining UK recycling, renewable energy and waste management company Viridor on a pre-FEED study for a carbon capture and storage (CCS) project nearby Liverpool, which is set to be one of the first large-scale carbon capture projects at an energy-from-waste facility in the world once operational. The
UK and US have formed a new energy partnership to increase energy security and drive down prices, as part of an initiative announced today by Prime Minister Rishi Sunak and US President Joe Biden. Under the new ‘UK-US Energy Security and Affordability Partnership’, the parties will work together to reduce
Environmental group Friends of the Earth has filed a legal challenge against the UK’s government decision to approve $1.15 billion of financing for the Mozambique LNG project led by French energy major TotalEnergies. The move comes after the judicial review, brought by Friends of the Earth, ended up in legal
Mitsubishi Heavy Industries, Ltd. (MHI) and Guacolda Energía SpA, an independent power producer (IPP) in Chile, have signed a Memorandum of Understanding (MoU) to begin a feasibility study for the introduction of ammonia co-firing at a coal-fired thermal power plant in Huasco, Atacama Region. The signing ceremony was held at
The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed their belief that CII cannot be