Tag: alternative fuels

A cooperation of companies within the maritime and wind turbine industry is able to give the solution that can provide the world fleet with a climate friendly marine fuel. This would be a marine fuel that does not release any carbon dioxides, sulphur oxides or soot particles. As the Global Maritime Forum notes, decarbonisation can be achieved with the use of electro fuels.

Petroineos will be selling 0.5% sulphur marine fuel from its Lavera refinery, which is located on the French Mediterranean coast. The company will start selling the compliant fuel in the fourth quarter this year. Petroineos's IMO compliant fuel will be complying with the current ISO 8217 specifications. As of today, the company is producing 1% low-sulphur fuel oil. Regarding the 0.5% very low-sulphur fuel oil, its supply will be based on market prices.

A new paper called 'Sailing on Solar', commissioned by Environmental Defense Fund Europe and developed by Ricardo, showcases a vision of how international shipping can meet its target of at least halving emissions by 2050, while at the same time helping developing nations leverage the emerging clean energy economy. The paper focuses on green ammonia produced from surplus renewable electricity.

High-sulphur fuel oil demand will reduce 60% in 2020, as marine gasoil demand will double because of upcoming international regulations on shipping fuel, according to an International Energy Agency forecast. IEA forecasts VLSFO demand to reach 1 million bpd in 2020 and 1.8 million bpd by 2024, while marine gasoil demand will peak in 2020 and reduce to 1.8 million bpd by 2024.

Hapag-Lloyd published its Sustainability Report, saying that it is on track to reduce its CO2 emissions per TEU-kilometre by 20% by 2020, in comparison to the base year 2016. The company is achieving that by focusing on increasing energy efficiency, applying stricter requirements for newbuilds and reducing bunker consumption.

Danish ferry operator DFDS is investing in the start-up company MASH Energy ApS that produces biofuel from agricultural waste, in order to develop a commercially viable alternative to fossil fuels, including testing on a DFDS ferry.

PAO Novatek informed that its joint venture with Gazprombank Cryogas-Vysotsk has started full-scale production of LNG. During the official ceremony at the port of Vysotsk, Russian President Vladimir Putin has formally launched the Cryogas-Vysotsk LNG project. The project’s initial design capacity is 660 thousand tons of LNG per annum, and its infrastructure includes a 42 thousand cubic meters LNG storage tank and an offloading berth.

According to Wood Mackenzie, the LNG boom has returned. Over the course of the next two years, almost 90 million tonnes per annum of LNG is expected to take final investment decision and begin construction. Research from Wood Mackenzie indicated that capital expenditure for both LNG plant and upstream infrastructure will amount to over US$200 billion between 2019 and 2025.

Approximately €128 million from the European Regional Development Fund is invested in extending the Świnoujście LNG terminal. The current investment adds to over €250 million invested by the EU in the LNG terminal and to more than €2 billion in Polish energy infrastructure since 2007. The LNG regasification terminal in Świnoujście is the biggest LNG facility in Northern Europe and in the Central and Eastern Europe.

The Port of Los Angeles, Toyota, Kenworth, and the California Air Resources Board took the next step towards the future of zero-emission trucking, presenting fuel cell electric heavy-duty trucks. The Port of Los Angeles will develop the project in numerous phases, incorporating initiatives in Southern California, the Central Coast Area, and Merced County.