US green methanol tech company lures $4.5 mln investment
A US company developing a method for converting CO2 into green methanol closed a $4.5 million seed financing round this week that will help the company accelerate its technology to pilot stage.
Read MoreGold Standard adds two more voluntary carbon methodologies for shipping
Gold Standard has released two new voluntary carbon methodologies to tackle emissions from the shipping industry.
Read MoreKorean city to build first commercial-scale green methanol plant in the country
A group of Korean companies have teamed up to develop a green methanol project that can turn a city known for abandoned coal mines into a new clean energy hub.
Read MoreMaritime compliance firm raises €5 mln to expand EU ETS solutions
A provider of emissions data and compliance management solutions for the maritime industry has closed a €5 million Series A financing round, according to a press release.
Read MoreNew shipping decarbonisation options emerge with clean fuels in short supply -insurer
Fossil fuel consuming ships paired with carbon capture, nuclear propulsion, and hydrogen-powered fuel cells are emerging as a new decarbonisation option due to the scarcity of low-carbon fuels, according to a global shipping insurer’s decarbonisation outlook.
Read MoreMajor Asian nations must abandon LNG to decarbonise shipping sector -report
Countries including China, Japan, and South Korea must abandon the use of liquefied natural gas (LNG) as a bridge fuel in order to fully decarbonise their shipping sector, a report released Wednesday said.
Read MoreBrazil opens over $1 bln in funding for sustainable aviation, maritime fuel projects
Two public authorities in Brazil launched last week a R$6 billion ($1.1 bln) joint call providing R$6.6 billion ($1.1 bln) in funding for sustainable aviation fuel (SAF) and maritime biofuel projects.
Read MoreWorld’s first green ammonia plant opens in Denmark
A first-of-its-kind green ammonia plant that will take advantage of power fluctuations from wind and solar power was opened on Tuesday by a trio of Danish clean tech companies, with a view to decarbonise shipping, fertilisers and heavy industry.
Read MoreJapanese shipping heavyweights to conduct liquefied CO2 study for CCS value chain
A group of Japanese shipping majors have teamed up to conduct a joint study for liquefied CO2 (LCO2) carriers, in preparation for large-scale international transport of LCO2 by 2028.
Read MoreOil demand from shipping sector to peak by mid-2020s -consultancy
Demand for fuel oil from the maritime sector is expected to peak by the mid-2020s, displaced in large part by LNG and increasingly efficient ships, according to a global energy consultancy.
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