UAE’s oil and gas firm ADNOC announced expansion of its Carbon Capture Utilization and Storage (CCUS) program, as part of its goal to become one of the least carbon-intensive oil and gas producers in the world, in line with its 2030 strategy.
The UK Royal Society issued a report presenting the opportunities and challenges associated with the manufacture and future use of zero-carbon ammonia, in line with the global goals towards a sustainable and greener future.
DNV GL partnered with Fednav and Oshima for the launch of the latest 34,500 dwt ice-class handysize bulk carrier Federal Montreal from Oshima Shipbuilding, which represents the industry’s ideology about green shipping and sustainability.
The International Council on Clean Transportation (ICCT) in its latest report focused on the CO2 reduce emissions issue, by limiting engine power. In fact, the study shows that shipping Green House Gas (GHG) emissions have been reduced by 30% during a ten-year period from 2008 to 2018.
Intra Mare announced that will provide its support to the GreenStream’s machine learning-based vessel performance optimisation software in Greece. Specifically, the machine platform will use all the available data to measure vessels’ fuel consumption in order to boost their performance by saving fuel cost and reducing emissions.
A recently published report by the International Council on Clean Transportation (ICCT) and commissioned by the environmental lobby group Stand.earth, aimed to ‘examine the lifecycle GHG emissions from marine fuels, including a previously poorly understood source of climate emissions from LNG-powered ships- the unintentional releases of the climate super-pollutant methane from ship engines, known as methane slip.’
Following the trend of decarbonizing the shipping industry, the world’s largest lender to global shipping, BNP Paribas and leading wealth manager, Credit Suisse joined the Poseidon Principles, becoming the 15th and 16th financial institutions to sign in.
During the World Economic Forum in Davos, IMO’s Secretary General, Kitack Lim, called for renewed cooperation from all shipping stakeholders in efforts to deal with air pollution and greenhouse gas emissions from shipping.
During World Maritime Forum’s Annual Meeting, Johannah Christensen, Managing Director, GMF, discusses shipping’s decarbonization and the efforts needed to achieve a greener and more sustainable maritime industry through investment.
On 20 January, the Italian energy company Eni along with the international oil company ADNOC, shake their hands and inked a strategic framework agreement. Through their collaboration both companies will further explore new opportunities in carbon capture utilization and storage (CCUS).
