Sustainability

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Watch: BP invests $30m in technology to produce animal feeds from natural gas

BP Ventures announced an investment of $30 million in California-based start-up Calysta, Inc., that will use BP’s natural gas to produce protein for fish, livestock and pet feeds. This investment aligns with BP’s strategy of creating new markets in which gas can play a material role in delivering a more sustainable future.

Belt and Road initiative to become greener

According to the World Economic Forum, lenders and investors who finance infrastructure projects in the Belt and Road region, hold a great responsibility for the global climate future. Yet, some of them are not aware of the impact they’re generating, still investing in ‘brown’ projects, due to the fact that GHG emissions are still not unregulated in most developing countries and also, as carbon pricing mechanisms are not in place.

Brazil’s Abrolhos park in danger due to possible oil explorations

Brazil seems to be facing tensions concerning oil exploitation, since Brazilian environmental protection agency, Ibama, proposed that the auction of oil exploration blocs near Abrolhos national park shouldn’t commence. Abrolhos national park is the richest area of marine biodiversity in the South Atlantic Ocean.

Watch: Ocean Cleanup to test new system’s speed

Over the coming weeks, the Ocean Cleanup will perform several tests to slow down or speed up the system. At the initial stage, the team will start the first test to attempt slowing down the system. The latest version of this design, dubbed System 001/B, has arrived in the patch after eight days of transit.

Ocean Clean up begins operations in the Great Pacific Garbage Patch

Following the announcement made on June 24, that the Ocean Cleanup is ready to re-begin operations, it is ready to operate in the Great Pacific Garbage Patch this summer. The latest version of this design, dubbed System 001/B, has arrived in the patch after eight days of transit.

MOL the first company in Japan to issue sustainability bonds

MOL announced a plan to issue ‘Sustainability Bonds’ through a public offering in Japan’s domestic market in July this year. It also announced the acquisition of a preliminary evaluation from a third-party institute. Sustainability bonds are used to finance and refinance green projects, which protect and improve the environment, and social projects.

Non-compliance to St. Lawrence’s speed restrictions results to up to $25,000 fine

According to the Canadian Government, the Minister of Transport, Marc Garneau, issued a statement based on unfortunate deaths of many North Atlantic right whales in Canadian waters; Because of this, he implemented a precautionary speed restriction of 10 knots, for vessels of 20 metres and more, that sail in the Gulf of St. Lawrence, in the two designated shipping lanes north and south of Anticosti Island. 

Port of Rotterdam partners with four companies to focus on sustainability

During the 4th edition of the annual innovation programme PortXL, the Port of Rotterdam Authority signed Letters of Intent with four companies that are expected to help make the port more sustainable, more efficient and ‘smarter’. The companies are Richtlijn Geodesie, Flower Turbines, Ladar Ltd and Planys Tech. Moreover, the Port Authority also issued a Letter of Support to Eco Wave Power.

Norway’s State Secretary talks piracy, illegal fishing and climate change

Norwegian Government’s State Secretary Marianne Hagen commented on maritime security in the Western Indian Ocean, during a ministerial conference. She highlighted that Somali piracy hasn’t been eradicated yet. The State Secretary noted that Norway wishes to maintain its capacity on prosecuting and imprisoning pirates here in the region, with Mauritius, the Seychelles and Kenya as important partners.

The path towards a 100% renewable energy future

Wartsila launched a white paper focusing on accelerating the transition towards a 100% renewable energy future. The market trends reflect that the shipping industry is currently leaning towards more flexible systems, with a rapidly increasing share of renewable energy, declining inflexible baseload generation and wider applications of storage technology. 

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