The European Commission (EC) has launched the first auction under the European Hydrogen Bank to support renewable hydrogen production in Europe, with an initial €800 million of emissions trading revenues available to producers in the European Economic Area (EEA). The auction, which is funded by the
The European Commission has announced the opening of the Innovation Fund’s 2023 call for proposals, boasting a historic budget of €4 billion. The significant financial injection aims to accelerate the deployment of cutting-edge decarbonization technologies, and the funds for this initiative are sour
Swedish manufacturer of energy systems for green hydrogen production Metacon has entered into a memorandum of understanding (MoU) with Chinese company PERIC Hydrogen Technologies to establish a strategic partnership for the production and sale of Metacon’s electrolyzers on the Chinese market. The Mo
German Government has awarded a subsidy for fully electric, wind-assisted Damen Combi Freighter (CF) 3850 vessels being built for German joint venture Gerdes Green, which will be chartered by Swiss freight trader Cargill.
Proman Stena Bulk, the joint venture between Stena Bulk and methanol producer Proman, has christened Stena Provident and Stena Progressive, the final two vessels in its initial six-strong methanol-fuelled tanker fleet. The two 49,900 DWT tankers were named at a ceremony held on November 23 at Guangz
The Goal Zero Consortium, comprising companies such as SeaTech Solutions International (S), Shift Clean Energy, and Yinson GreenTech, has launched Singapore’s first fully electric cargo vessel, the Hydromover. The milestone launch was revealed by the CEO of the Maritime and Port Authority (MPA) of S
French hydrogen producer Lhyfe has been awarded a grant of up to €14 million to develop its first green hydrogen production plant in Spain. The grant was awarded H2 Pioneros, a funding call created in Spain to support initiatives in renewable energy, green hydrogen, and energy storage. Lhyfe’s proje
Danish green hydrogen company Everfuel is progressing with work to start up its flagship project HySynergy 1 in the first quarter of 2024 and implement a realigned strategy focused on scaling green hydrogen production. On November 22, the company published its third quarter 2023 financial results, s
Dutch bunker supplier Titan has performed a bunkering operation of AIDA Cruises’ AIDAnova for the first time in Hamburg.
Norwegian tanker major Frontline has completed the sale of its stake in Euronav cementing the acquisition of a fleet of 24 ECO very large crude carriers (VLCCs) from the company and formally becoming the largest pure-play tanker owner in the public domain measured by dwt. The transaction is part of
China Merchants Energy Shipping (CMES), the Shanghai-listed shipping giant and daughter company of China Merchants Heavy Industry (CMHI), has ordered a methanol-powered engine that will be installed onboard a very large crude carrier (VLCC).
London-based marine energy solutions provider KPI OceanConnect has supplied a B24 biofuel blend to Hong Kong-based container shipping company Orient Overseas Container Line (OOCL).
Greek shipping companies Sea Pioneer, Dynacom and Evalend Shipping have embarked on a buying spree for new vessels, which includes tankers and liquefied natural gas (LNG) carriers.
Danish integrated logistics company A.P. Moller-Maersk and Chinese clean energy company Goldwind have entered into the first large-scale green methanol offtake agreement for the global shipping industry.
