Scandinavian Biogas Fuels International AB has decided to invest approximately NOK 170 million (about $20.7 million) in a liquid biogas plant (LBG) in Skogn, outside Trondheim, Norway.
Over the past few years, and especially in 2020, new geographical areas have been getting onto the offshore wind map and are likely to have their first projects up and running in the next decade, or the time leading up to 2050 – when renewable energy and other energy transition developments should b
On 21 April, the European Commission adopted a “sustainable finance” package to help improve the flow of money towards sustainable activities across the European Union.
More than 25% of the active tanker fleet, i.e., one quarter, is set to reach 20 years of age by 2023, creating quite a scrapping candidate list going forward. Data from VesselsValue shows that of the 13, 211 tankers in its data base, including small tankers, over 3,000 are 20 years old and older. Co
German container shipping major Hapag-Lloyd reduced its sulphur-oxide emissions by roughly 70 per cent in 2020 compared to 2019, a newly released report shows.
Offshore wind energy projects final investment decisions (FIDs) will grow 57 per cent in the next 18 months, compared to the 2019-20 period, according to a new analysis from Westwood Global Energy Group. The global analysis, excluding mainland China, states that the FIDs growth represents an additio
Industry heavyweight A.P. Møller – Mærsk A/S has lifted market guidance for the full year of 2021 citing an exceptional market situation in the container shipping sector. The company is now forecasting an underlying EBITDA in the range of $13-15bn from the previously guided $8.5-10.5bn and underlyin
Hydrogen has been assigned a major role in the maritime decarbonization puzzle, as it promises to be a cost-effective green alternative for large ocean-going vessels. “Hydrogen and Fuel Cells (FCs) for maritime transport have been demonstrated in numerous pilot vessels over the last two decades. Rec
During the year in which the effects of the Coronavirus pandemic were felt across the globe, creating a worst economic situation since the great depression, Asian LNG markets have shown great resilience.
The use of fossil fuels in the shipping industry will need to be banned in the latter half of the decade if the industry is to meet its decarbonization efforts, a study by MAN Energy Solutions shows. The study, carried out in partnership with the Fraunhofer Institute for Systems and Innovation Resea
Rystad Energy has downgraded its peak oil demand forecast to 101.6 million bpd in 2026 as a result of electrification in transport.
Ahead of President Biden’s Leaders’ Summit on Climate, the world’s major shipping organisations have called on world leaders to urgently examine the role of market-based measures (MBMs) to ensure ambitious decarbonisation targets are met across the entire global shipping industry.
As Australia gears up efforts to achieve net-zero emissions by 2050 it is clear that the nation would have to commercialize low emission technologies and change its energy mix in the next 30 years. Speaking on Monday ahead of a climate summit occurring this week, Australian PM Scott Morrison said th
Wind energy costs, including both offshore and onshore wind, could decline 37–49 per cent by 2050, resulting in costs 50 per cent lower than predicted in an analysis in 2015, according to a new study funded by the U.S. Department of Energy and published in Nature Energy. In the same study performed
