3678 results found for 'methanol'

3678 results found for 'methanol'
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  • Cepsa and Maersk-backed C2X to develop largest green methanol plant in Europe

    4 December 2023
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Research & Development, Transition

    Maersk-backed methanol developing and producing company C2X has teamed up with Spanish energy giant Cepsa to develop a green methanol plant in the port of Huelva, southern Spain. The project aims to reach an estimated annual production capacity of 300,000 tons of green methanol, which Cepsa calculates would prevent the emission of up to 1 […]

  • MOL bolsters fleet with 5 LNG-fueled Capesize bulker newbuilds

    19 December 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Japanese shipping major Mitsui O.S.K. Lines (MOL) is expanding its fleet with five additional newbuilding LNG dual-fueled Capesize bulkers. Namely, MOL revealed that two vessels will be ordered at compatriot Nihon Shipyard and built by Imabari Shipbuilding Co. Furthermore, Chinese shipbuilding heavyweight CSSC Qingdao Beihai Shipbuilding Co will build the additional three. The vessels are […]

  • EU-Catalyst Partnership to back Ørsted’s FlagshipONE e-methanol project

    4 December 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Project & Tenders

    Danish energy company Ørsted has secured support from the EU-Catalyst Partnership, which consists of the European Commission (EC), Breakthrough Energy Catalyst, and the European Investment Bank (EIB), for its FlagshipONE project, also known as Europe’s largest e-methanol plant. On December 1, at COP28, Ørsted announced the support that will see Breakthrough Energy Catalyst acquire a […]

  • Tackling triple challenge of production, emissions, and net zero spurs North Sea’s technological innovation

    31 January 2024
    Business & Finance, Business Developments & Projects, Innovation, Research & Development, Technology

    As the global offshore energy industry takes steps to evolve in line with emerging technological innovations, the UK regulator, the North Sea Transition Authority (NSTA) points out that the North Sea is increasingly becoming a hotbed of activity aimed at employing new technology to enable the strengthening of energy security, decarbonization, and the transition to […]

  • Following alterations, US monetary penalties for oil & gas players get bigger

    26 January 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Regulation & Policy, Rules & Regulation

    BOEM has made modifications to monetary penalties for oil and gas companies, implementing the 2024 inflation adjustments.

  • Alphaliner: 83% of container carriers ordered in 2023 green

    29 November 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    ‘Green’ ships accounted for 83% of container carrier capacity ordered in the first nine months of 2023, according to the data from Alphaliner. The newbuilding surge saw the addition of 187 vessels, equivalent to 1.75 Mteu of fleet capacity. Notably, carriers themselves have predominantly initiated these orders rather than tonnage providers. As a result, the […]

  • Harim emerges as HMM’s preferred bidder

    19 December 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    A consortium led by Harim Group, the parent company of bulker operator Pan Ocean, has secured its position as the preferred bidder for the acquisition of South Korean shipping company HMM, Harim confirmed earlier today in a regulatory filing. The consortium, comprising Harim and its private equity partner JKL Partners, successfully outbid logistics company Dongwon […]

  • Stena Line inks major deal to operate at Heysham Port until 2100

    20 December 2023
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Ports & Logistics

    Swedish ferry and port operator Stena Line has signed a significant deal with UK port operator Peel Ports Group to operate from Heysham Port for the next 77 years until 2100.

  • AAC: Ten methanol-ready small containerships in the making

    27 November 2023
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Vessels

    A newbuilding project encompassing ten firm eco-friendly containerships has been initiated, Arkona Allied Container (AAC), a Germany-based chartering joint venture, confirmed.

  • WinGD, Alfa Laval to work together on ammonia-powered engines development

    12 December 2023
    Business Developments & Projects, Collaboration, Outlook & Strategy, Research & Development

    Swedish sustainable solutions provider Alfa Laval and Swiss engine designer WinGD have established a partnership in which Alfa Laval will deliver two fuel supply systems (FSS) for testing WinGD’s ammonia-fueled engine in early 2024.

  • MAN ES: Dual-fuel methanol MAN 175D to be available by the end of 2026

    27 November 2023
    Equipment, Technology

    German engine manufacturer MAN Energy Solutions (MAN ES) has revealed that a dual-fuel version of its MAN 175D high-speed engine, capable of operating on methanol, will be available by the end of 2026. 

  • Gasum to buy renewable e-methane from Nordic Ren-Gas for customers in road and maritime transport

    9 January 2024
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy

    Finnish state-owned energy company Gasum has signed an e-methane offtake agreement with Nordic Ren-Gas. The purchased e-methane will be delivered to customers in the road and maritime transport sectors. Under the long-term agreement, Gasum will buy all of the e-methane to be produced by Nordic Ren-Gas at its power-to-gas plant in Tampere from 2026 and […]

  • Maersk to pour half a billion dollars into Southeast Asia infrastructure

    4 December 2023
    Business & Finance, Business Developments & Projects, Infrastructure

    Danish shipping giant A.P. Møller–Maersk has revealed its plans to invest more than $500 million to expand its supply chain infrastructure in Southeast Asia.

  • With wheels in motion to curb oil theft, Nigeria plans to launch bid round for 12 offshore blocks

    19 January 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation, Safety

    Nigeria’s oil and gas regulator, NUPRC, has taken steps to combat the oil theft challenges by joining forces with the country’s police force.

  • Maersk to ship goods on green fuels for Nestlé

    6 December 2023
    Business Developments & Projects, Collaboration

    Nestlé, the world’s largest food and beverage company, has decided to cut its ocean logistics greenhouse gas (GHG) emissions by using Maersk’s ECO Delivery solution, which includes transporting goods on certified green fuels.

  • DNV to class Purus Marine’s dual-fuel VLECs

    16 January 2024
    Certification & Classification, Vessels

    Classification society DNV has been selected to class two Purus Marine’s dual-fuel very large ethane carriers (VLECs). 

  • DP World joins First Movers Coalition to spur decarbonization

    4 December 2023
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition, Vessels

    Dubai-based port operator DP World has joined the First Movers Coalition (FMC), setting a target of 5% of its marine power to come from hybrid engines and zero-emission fuels by 2030.

  • JERA and Pertamina to collaborate on low-carbon fuels value chain

    15 December 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Infrastructure, Outlook & Strategy

    Japanese energy giant JERA and Indonesia’s largest state-owned oil and natural gas company Pertamina have signed a memorandum of understanding (MoU) to collaborate on business opportunities for infrastructure investment in low-carbon fuels such as LNG and hydrogen/ammonia. JERA and Pertmina announced the MoU on December 15, which was signed under the banner of the ASEAN-JAPAN […]

  • Maersk inks landmark green methanol offtake agreement with China’s Goldwind

    22 November 2023
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Transition, Vessels, Vision

    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.

  • Maersk sells stake in Höegh Autoliners

    28 November 2023
    Business & Finance, Business Developments & Projects, Green Marine

    Danish industry major A.P. Møller – Maersk A/S has bid adieu to its stake in Höegh Autoliners ASA, selling the remaining 10.48% of the company’s shares. The deal, valued at a cool NOK 1,800 million, went down at NOK 90.00 per share, totaling a massive 20 million shares in the transaction. With the ink drying […]

  • Proman Stena Bulk names final methanol-powered MR tanker duo

    23 November 2023
    Business Developments & Projects, Collaboration, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    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 Guangzhou Shipyard International Co Ltd (GSI) in China. The construction of Proman […]

  • Atlantic area ports to explore the use of green hydrogen-based technologies

    13 December 2023
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Project & Tenders, Research & Development, Technology

    A consortium of eleven partners from public and private entities from Spain, France, Ireland, and Portugal has kicked off a project that will carry out pilot tests for the application of hydrogen and methanol as an energy alternative in the fleet and vehicles of the ports of the Atlantic area. The project named HYDEA was […]

  • MacGregor’s equipment for world’s largest zero-carbon ready Aurora-class PCTCs

    11 December 2023
    Equipment, Vessels

    MacGregor, part of Cargotec, has been selected to supply comprehensive packages of RoRo equipment for an additional four multi-fuel and zero-carbon ready Aurora-class pure car and truck carriers (PCTCs) for Höegh Autoliners. 

  • ClassNK awards AiPs for SDARI’s vehicle carriers powered by green fuels

    6 December 2023
    Certification & Classification, Vessels

    Classification society ClassNK has issued Approvals in Principle (AiPs) for three vehicle carrier designs developed by Shanghai Merchant Ship Design & Research Institute (SDARI), which will be powered by green fuels.

  • Chinese shipping giant orders world’s first methanol-powered engine for VLCC

    22 November 2023
    Equipment, Vessels

    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).