U.S. energy major New Fortress Energy (NFE) has completed the sale of its 20% equity interest in Energos Infrastructure to funds managed by alternative asset manager Apollo Funds. Energos Grand. Archive; Courtesy of Energos Infrastructure NFE said the company intends to use net proceeds from this transaction for general corporate
The future of low-carbon hydrogen hinges on global policymakers introducing regulations and subsidies that focus on the carbon intensity of the hydrogen produced rather than its color, according to Wood Mackenzie’s (WoodMac’s) Horizons report ‘Over the rainbow: Why understanding full value-chain carbon intensity is trumping the color of hydrogen.’ Blue
UK’s engineering and consulting company Wood has been chosen by Japan’s energy major Inpex Corporation to work on several of its decarbonization projects across the globe. In Japan, Wood said the company will deliver concept design services for a carbon dioxide (CO2) transportation network, noting that the pre-FEED (front-end engineering
French containership major CMA CGM has welcomed into the fleet CMA CGM Mermaid, the first ship in a series of ten new 2,000 TEU container ships powered by liquefied natural gas (LNG). CMA CGM Mermaid; Courtesy of: CMA CGM The fleet has been designed in cooperation with French shipbuilder Chantiers
Norwegian shipping company Siem Offshore is collaborating with Finnish technology group Wärtsilä on vessel decarbonization solutions as part of its efforts to reduce the carbon footprint of its 26-vessel fleet and goal of reaching full carbon neutrality by 2050. Source: Wärtsilä According to Siem, the aim is to achieve a
American Bureau of Shipping (ABS) has inaugurated a training center in Doha, Qatar, dedicated to using the latest techniques to educate marines in modern LNG vessel operations. ABS The ABS Global LNG Academy, which is supported by state-owned energy giant QatarEnergy, is a coordinated effort with industry partners to make
OX2 and the Swedish Meteorological and Hydrological Institute (SMHI) have teamed up to examine how by-product from the hydrogen production at OX2’s two offshore energy parks can oxygenate the Baltic Sea. Courtesy of OX2 SMHI, together with OX2, has been approved research grant from the Swedish Environmental Protection Agency and
Hamburg-based energy company Mabanaft has received grant approval from the German Projektträger Jülich for the potential construction of a new green methanol plant in Port Augusta, South Australia. Mabanaft In cooperation with Australian renewable energy company Vast, Mabanaft intends to build a solar methanol plant with a capacity of approximately
Dutch bunker supplier Titan has marked its debut in the United Kingdom (UK) with a liquefied natural gas (LNG) bunkering operation in Dundee, Scotland. Courtesy of Titan On February 1, Titan’s recently chartered LNG carrier Alice Cosulich delivered 345 metric tons of LNG to the vessel Living Stone from the
Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK) has allocated €3.53 billion for the country’s hydrogen importing mechanism, H2Global Foundation, to fund future auctions for renewable hydrogen and its derivatives. Illustration only; Archive. Courtesy of Port of Hamburg On February 12, H2Global issued a statement saying that BMWK