Tag: CO2

Yanmar Power Technology Co., has embarked on the development of a hydrogen-fueled 4-stroke high-speed engine for power generation for coastal vessels in Japan as part of the Nippon Foundation’s zero emission ship demonstration experiment.

bound4blue and Louis Dreyfus Company (LDC) announced an agreement for the manufacture and installation of four eSAILs® on LDC’s chartered juice vessel, MV Atlantic Orchard, in collaboration with Wisby Tankers AB, Sweden (Wisby Tankers).  

Poseidon Principles' 2023 Annual Report highlights a pivotal moment as signatories, for the fourth consecutive year, reveal their climate alignment efforts. The report, crafted by the Global Maritime Forum in collaboration with UMAS, underscores the shipping industry's commitment to decarbonization.

JERA Co., Inc has concluded a joint study agreement with NYK Line and Resonac aimed at achieving the world’s first-ever supply of fuel ammonia to ships. 

Mitsui O.S.K. Lines, Ltd. and Bapco Energies B.S.C. announced the signing of a MoU for development of cross border carbon dioxide (CO2) transport and sequestration with the goal of establishing a carbon dioxide capture and storage (CCS) value chain, where MOL provides marine transportation of liquified CO2 and Bapco Energies provides the sequestration sites.

Lloyd’s Register (LR) announced that, will class first newbuild project for mid-size low pressure ammonia-ready LCO2 Carriers ordered by Capital Gas Ship Management at Hyundai Mipo Dockyard.

ECSA welcomes the outcome of yesterday’s European Parliament vote on the new CO2 standards for heavy-duty vehicles and the rejection of the Carbon Correction Factor (CCF) for trucks. The introduction of a CCF would artificially increase demand for biofuels and RFNBOs for trucks.

Yara International and Northern Lights sign a binding commercial agreement, enabling the first cross-border transportation and storage of CO2. Yara aims to reduce its annual CO2-emissions by 800,000 tons from the ammonia production at Yara Sluiskil.

ESCA highlights that the EU recently adopted the ‘Fit for 55’ package that introduces the new ambitious measures for Europe to reduce emissions by at least 55% by 2030 and become carbon neutral by 2050.

Mitsui O.S.K. Lines, and the Kansai Electric Power Co., Inc. announced the signing of a service agreement to conduct feasibility research on the design of a liquefied CO2 carrier at shipyards in Japan and overseas.