Alternate fuels

EverWind Fuels and Port of Rotterdam Partner to Advance Green Hydrogen Supply Chain

ROTTERDAM, The Netherlands, May 15, 2024 (GLOBE NEWSWIRE) — EverWind Fuels (“EverWind”), a leading North American developer of a green fuels hub in Atlantic Canada, announced cooperation with the Port of Rotterdam to advance the green hydrogen supply chain. Officials from the Province of Nova Scotia joined in the announcement.

Significance of the Port of Rotterdam

The Port of Rotterdam is Europe’s largest seaport and a vital energy port for Northwest Europe, serving as a key distribution channel...

https://mfame.guru/everwind-fuels-and-port-of-rotterdam-partner-to-advance-green-hydrogen-supply-chain/

Future of Maritime Fuels

  • New regulations require maritime operators to report and reduce carbon impact
  • It poses challenges due to increased CAPEX and uncertain earning potential from carbon reduction technology.
  • Stakeholders debate future fuels; methanol for energy density, batteries for toxicity concerns.
  • Success in electrifying vessels, particularly in public transport boats and harbor tugs, with limitations on range and infrastructure.

One challenge is that carbon reduction technology often demands higher capital...

https://mfame.guru/future-of-maritime-fuels/

The Bigger Picture: Shipping Must Look Beyond Engine Tech To Clean Energy Transition!

Credit: Smaart company

Shipping must look beyond its current focus on engine technology and address the widespread disruption introduced by the clean energy transition. That was the keynote message for the industry at SHIPPINGInsight 2023 from Christopher J. Wiernicki, ABS Chairman and Chief Executive Officer.

Alternative Fuels

“The real action is far beyond the engine. We have just seen MEPC 80 redraw the compliance performance of most alternative fuels by moving from tank-to-wake to...

https://mfame.guru/the-bigger-picture-shipping-must-look-beyond-engine-tech-to-clean-energy-transition/

Sinopec Acquires 1.25% Stake in Qatar’s North Field East LNG

Credit: zhao chen/Unsplash

Sinopec, the Chinese state-owned oil and gas company, said on its official social media account that it had signed a shareholder agreement with QatarEnergy in Doha on April 12 to purchase a 1.25% stake in the North Field East expansion project, as reported by S&P Global.

LNG expansion project

China’s Sinopec has acquired a 1.25% stake in Qatar’s North Field East LNG expansion project, which will add 32 million mt/year of capacity. The stake comes from a 5% interest in...

https://mfame.guru/sinopec-acquires-1-25-stake-in-qatars-north-field-east-lng/

Methanol Leads The Race For Alternative Marine Fuel

  • Mr. Paul Hexter, President, Waterfront Shipping, outlines key advantages of choosing methanol as fuel.
  • Methanol is considered a cost-competitive marine fuel.
  • It is one of the best choices in the battle of alternative fuels.

Methanex, along with their subsidiary Waterfront Shipping, have been operating and bunkering methanol dual fuel vessels since 2016. They now have 17 methanol dual fuel vessels, with two more on the way. They are currently the world’s largest operator of methanol-fueled...

https://mfame.guru/methanol-leads-the-race-for-alternative-marine-fuel/

Alternate-fueled vessels take a record share of world newbuilding orders

Clarkson’s Research reports that the first half of 2022 saw a record 268 alternate-fueled newbuilding vessels ordered, totaling 22 million gross tons and with a total contract value of $38 billion.

This constituted 61% of all newbuild orders in tonnage terms, 38% on the basis of vessel numbers and 68% of overall contract value. Excluding LNG carriers, the number of vessels was 174, totaling 11.9 million gross tons with a total contract value of $18.4 billion (equating to 46% of gross tonnage,...

https://www.marinelog.com/news/alternate-fueled-vessels-take-a-record-share-of-world-newbuilding-orders/

Argus & DNV GL To Develop First Data Platform for Green Ammonia

  • Green ammonia is emerging as a possible future fuel, supported by shipowners’ efforts to identify alternatives to fossil fuels to meet growing environmental concerns.
  • Global energy and commodity pricing service Argus has agreed to share its database of ammonia terminals with DNV GL’s Alternative Fuel Insight online platform.

Global energy and commodity pricing service Argus Media along with the classification society DNV GL, joined forcers and launched industry’s first online platform for...

https://mfame.guru/argus-dnv-gl-to-develop-first-data-platform-for-green-ammonia/

Green Fuels To Achieve IMO2030 Decarbonization Goals

  • Transition to IMO 2020 considered successful and testing of alternative fuels has started.
  • By 2030, carbon dioxide emissions should be reduced by at least 40% from 2008 levels, and by 50% by 2050.
  • Hydrogen fuel cells and biodiesel are some of the promising alternate fuels being tested.

Participants at the Maritime Week Americas 2020 conference, organized by Petrospot, discussed on the biggest challenge to reduce greenhouse gas emissions by 2030, reports Platts.

IMO’s new mandate

With the...

https://mfame.guru/green-fuels-to-achieve-imo2030-decarbonization-goals/

Scrubbers Take Center Stage at the IMO Symposium

The International Maritime Organisation’s (IMO) symposium on alternative marine fuels is to include a session of scrubber technology, reports Ship&Bunker.

Scrubbers and LNG in IMO compliance

The session, on day one of the event, is titled “the use of scrubbers and LNG to comply with the 0.50% requirement.” It will be followed by a question and answer session, the IMO has said.

Others sessions include fuel quality and availability and general industry readiness for the switch to 0.5% sulfur bunker...

http://mfame.guru/scrubbers-take-center-stage-at-the-imo-symposium/