Tag: alternative fuels

Suez Canal Economic Zone (SCZONE) has signed six memoranda of understanding for investments worth US$ 10 billion for green hydrogen and green ammonia projects.

'Fuelling the Fourth Propulsion Revolution’, authored by Professor Dr. Stefan Ulreich from Germany’s University of Applied Sciences, and commissioned by the International Chamber of Shipping, highlighted the ‘enormous opportunity’ for investors and governments represented by the global shipping industry’s need for new, green fuels. 

TotalEnergies, an energy company, has launched a worldwide drone-based emissions detection and quantification campaign across all its upstream Oil & Gas operated sites.

Marine insurer Allianz Global Corporate & Specialty SE (AGCS) issued the Safety & Shipping Review 2022, explaining that the decarbonization of the industry will require big investments in green technology and alternative fuels. It is essential that the transition to low-carbon shipping does not create new risks with unintended consequences, says Allianz.

Kawasaki Kisen Kaisha ("K" Line) announced that its two conceptual designs for LNG-fuelled and battery-powered bulk carriers have received Approvals in Principle (AiPs) from ClassNK.

Pacific Basin, a dry bulk shipping company, signed a memorandum of understanding with Nihon Shipyard and Mitsui, to cooperate in the development of zero-emission vessels and investment in related bunkering infrastructure.

HYON, a hydrogen bunkering specialist in Norway, announced its collaboration agreement with the Japanese trading and investment company Mitsui, for large-scale development of hydrogen fueling solutions, starting with a joint feasibility study in the second half of 2022.

The port of Rotterdam announced that it can supply, in collaboration with other companies, Northwestern Europe with 4.6 million tonnes of hydrogen annually by 2030. 

During the 2022 GREEN4SEA Virtual Forum, experts of Session 8 focused on the alternative fuels options that are currently available, highlighting that hydrogen has a great potential, but more work needs to be done for its safety and technical usability as there is need to invest in technology and its transition to acquire know-how.

Through a Q&A session, four Wärtsilä experts weigh up what LNG has to offer and what vessel owners need to take into account when considering it as an option.