Tag: alternative fuels

DNV GL today published its latest Energy Transition Outlook. According to the new Outlook, natural gas projects will receive a significant investment, while the global energy demand will peak in 2035. The increased electrification of energy demand, along with wind and solar energy, will grow the world’s electricity transmission and distribution systems. In addition, DNV GL also published the Maritime Forecast to 2050, which examines the challenges of decarbonizing the shipping industry. 

Amid the industry's hot debate on how to achieve compliance with the upcoming environmental regulations, and on how these rules are expected to affect companies financially, the world's largest container ship company, Maersk, said that the 2020 sulphur cap will add about USD2 billion to its annual fuel bill. 

Publishing its financial figures for the first half of the year, Norwegian dry bulk shipping company Jinhui announced that it is sees as more beneficial the option of low sulphur fuel oil instead of scrubbers, in order to achieve compliance with the global environmental regulations coming into force from 2020. 

'Navigator Aurora' became the first ship that successfully converted its slow-speed marine diesel engine to operate on ethane as a fuel. The conversion lasted 15 days and took place after engine performance and emissions testing at Kawasaki in Japan, to prove that burning ethane in the Navigator ME-GI engines would be possible.

The National Hydrogen Roadmap describes a path to develop the action and investment plans required to realise the full benefits of a hydrogen economy. Hydrogen is a clean-burning fuel with a range of uses, from powering vehicles, to storing energy. The Roadmap was sponsored by 21 industry and government bodies.

On August 18, 2018, Bangladesh launched its first LNG import terminal. Namely, Excelerate Energy Bangladesh completed the commissioning of its Moheshkhali Floating LNG terminal marking the start of operations for the project. The LNG terminal is located off Moheshkhali Island in the Bay of Bengal.

New attempts to create multi-billion dollar LNG plants are increasing following a long pause in investments. This may be justified by the fact that energy giants expect a widening supply gap within five years. Global demand for LNG increased by 12% in 2017, surpassing the forecasts, and is expected to further grow by up to 10% in 2018.

New regulations regarding low-sulphur ship fuel, decarbonisation, and ballast water management have moved environment protection to the top of the maritime agenda. This topic will feature at SMM, which will take place in Hamburg from 4 to 7 September. Exhibitors will present green technologies, and experts will discuss current trends.

The Port of Long Beach informed that the third and final phase of the Middle Harbor Terminal Redevelopment Project is underway and is expected to be completed on time. Once finished the facility will use "green" cargo handling equipment. This equipment will be using electricity or alternative fuels to move containers.

In a bid to support the development of an Australian hydrogen industry, the Australian Renewable Energy Agency (ARENA) has launched a funding round in late 2017 to accelerate innovation in the creation, transportation and transformation of hydrogen into energy at the point of use.