biofuels

5 Green Technologies That Will Transform the Shipping Industry

Credit: galen-crout-0ZGLna-unsplash

Greenhouse gas emissions from shipping make up roughly 2.5% of the world’s total, making the ocean freight sector a heavy contributor to the looming environmental crisis. And, unless something is done, as international trade grows this number is only likely to rise.

With numerous countries around the world bringing in carbon border taxes and other taxes on pollutants, this is becoming a financial issue as well as a social one.

Innovations and new technologies...

https://mfame.guru/5-green-technologies-that-will-transform-the-shipping-industry/

Nuclear Power in Shipping Decarbonization: Where We Stand

Credits: Kyodo/via REUTERS

While nuclear power has the potential to offer a decarbonization alternative for shipping, the technical, economic, and regulatory challenges associated with its use have limited its widespread adoption.

However, the last eight months have seen a growing interest and progression in both offshore and shipping projects for nuclear power. What are the latest developments in shipping nuclear?

Safety and regulatory concerns, combined with public stigma, have established...

https://mfame.guru/nuclear-power-in-shipping-decarbonization-where-we-stand/

How engine modification can help fleets replace diesel with cleaner-burning biofuels

As the world pushes to curb its production of harmful emissions that contribute to global warming, investors, shippers and customers have been increasingly concerned with their own environmental responsibility and that of the companies they do business with. 

According to the Governance and Accountability Institute, more than 90% of S&P 500 companies and 70% of Russell 1000 companies now publish some form of sustainability report. 

Stakeholders are also using environmental, social and governance...

https://www.freightwaves.com/news/how-engine-modification-can-help-fleets-replace-diesel-with-cleaner-burning-biofuels

[Infographic] Biofuels Ambitions Rise Besides Crude Oil Volatility

Major economies have been increasing biofuel blending targets, despite comparatively higher feedstock prices, to cushion them from price volatility in crude oil, which plummeted during the pandemic then escalated due to the Russia-Ukraine war, reports Platts.

Countries that scaled back or withheld pledged increases in blending targets to temper elevated food prices are now pushing forward with increased blending targets and expanding biofuels production.

Did you subscribe to our Newsletter?

It’s...

https://mfame.guru/infographic-biofuels-ambitions-rise-besides-crude-oil-volatility/

World’s Largest Marine Fuels Firm Plans Biofuel Expansion

Bunker Holding, the world’s largest marine fuels firm by volume, is planning a significant expansion into biofuels. The firm is hiring a head of biofuels who will be “building up a biofuel fuels business within Bunker Holding,” it said on its website on Monday, reports Ship And Bunker.

A new brand?

The company has not set out whether its expansion will involve a new brand within Bunker Holding, or helping its existing brands add biofuels to their product offering. But in the job advertisement for...

https://mfame.guru/worlds-largest-marine-fuels-firm-plans-biofuel-expansion/

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