decarbonize

Exxon Decarbonization Business Could Outgrow Oil, In Multi-Trillion Market

credit – . REUTERS/Sergio Moraes

Exxon Mobil Corp’s Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company’s traditional oil and gas as soon as a decade from now, CEO Darren Woods said, says an article published on Money.usnews

Aims of energy transition strategy 

The largest U.S. oil producer on Tuesday laid out to investors the aims of its emerging energy transition strategy in a meeting with Wall Street. Exxon is tackling what...

https://mfame.guru/exxon-decarbonization-business-could-outgrow-oil-in-multi-trillion-market/

K Shipbuilding Secured Order For Two MR Tankers

Credit: precious-madubuike-JC9S-unsplash

Korean shipbuilder K Shipbuilding has secured an order for the construction of two 50,000 dwt MR tankers, says an article published on Offshore-energy.

Slated for delivery

The contract has been signed with an undisclosed Middle Eastern owner believed to be Al Seer Marine, a unit of Abu Dhabi-based International Holding Company.

According to Clarksons, the two vessels are slated for delivery in the fourth quarter of 2024.

Offshore Energy has reached out to Al...

https://mfame.guru/k-shipbuilding-secured-order-for-two-mr-tankers/

Call to action: Governments’ commitment vital to decarbonize shipping by 2050

More than 150 signatories called on governments to act to reduce shipping emissions to zero by 2050.

The phrases “global level playing field” and “commercially viable” were mentioned several times during a launch event Wednesday that called for governments around the world to act on climate change and commit to decarbonizing the shipping sector by 2050. 

The industry is seeking an equitable transition to zero emissions — and one that won’t strip it of profits.

More than 150 organizations and companies in shipping, cargo, infrastructure, ports, finance and energy signed a call to action,...

https://www.freightwaves.com/news/call-to-action-governments-commitment-vital-to-decarbonize-shipping-by-2050

Fuels Institute explores transportation decarbonization strategies

The Fuels Institute explored several decarbonization strategies for transportation.

A mixture of carbon pricing, biofuels, vehicle electrification and other initiatives will be needed to effectively decarbonize the transportation industry, according to Fuels Institute Executive Director John Eichberger.

The Fuels Institute released a report entitled “Impact of Transportation-Related Environmental Initiatives” in October that objectively compared the effectiveness and cost of different environmental initiatives and the impacts they have on energy consumers. Eichberger made his...

https://s29755.pcdn.co/news/fuels-institute-explores-transportation-decarbonization-strategies

MSC brings customers on board in carbon-reduction efforts

Mediterranean Shipping Co. (MSC) is helping its customers support carbon-reduction efforts.

MSC has partnered with global climate solutions provider South Pole on a carbon-neutral program since early 2019. The container shipping line announced Monday that it was expanding the program to include clients worldwide.

“For years MSC has been investing heavily in low-carbon technology to help meet the targets to decarbonize shipping. Now MSC customers can share this vision and take responsibility for...

https://s29755.pcdn.co/news/msc-brings-customers-on-board-in-carbon-reduction-efforts

Maersk leverages fleet for climate change research

Maersk has committed its entire fleet of company-owned vessels to assist global research on weather patterns and climate change.

A.P. Møller – Maersk said 300 vessels will be equipped by the end of the year to provide data through the Voluntary Observing Ship (VOS) program.

“Climate change is one of the biggest challenges facing the global community,” says Maerk’s Aslak Ross. (Photo: Maersk)

While Maersk already has many vessels contributing to the program, the newly expanded commitment will see...

https://www.freightwaves.com/news/maersk-leverages-fleet-for-climate-change-research