LCFS Generates Record-Breaking Unused Credits

Credit: Korea Shipbuilding & Offshore Engineering

The first quarter of the year saw a record build in unused California Low Carbon Fuel Standard (LCFS) credits, driven by a decline in petroleum diesel consumption. This surplus has put pressure on the California Air Resources Board (CARB) to balance the program effectively. says the report from argusmedia.

  • Total credits available for program compliance reached a new record of 16.5 million t in the first quarter.
  • Credit generation fell by 6.5%...

https://mfame.guru/lcfs-generates-record-breaking-unused-credits/

Decarbonization Dilemma: DNV Highlights Only Two Paths for Operators

Credit: Anastasia Pavlova/Pexels

According to DNV’s latest “Transport in Transition” report, oil demand in the transport sector (road, aviation, and maritime) is expected to decline by 50% by 2050. The report highlights that the maritime sector, driven by decarbonization efforts, will undergo significant changes in its fuel composition over the next few decades. It predicts a transition from predominantly oil-based fuels to a mix consisting of 50% low- and zero-carbon fuels, 19% natural gas, and...

https://mfame.guru/decarbonization-dilemma-dnv-highlights-only-two-paths-for-operators/

Petrochina Completes First Biofuel Bunkering Operation In Singapore

Credits: motomoto sc/ Unsplash

PetroChina International (S) Pte Ltd successfully delivered about 500 metric tonnes (mt) of biofuel to oil tanker “New Award” in Port of Singapore, says an article published on Manifoldtimes.

First independent supply

This marked the first independent supply and bunkering of biofuel in PetroChina’s international trading business.

Low-carbon fuels

From 2021, the Port Authority of Singapore has been encouraging suppliers and buyers of bunker fuels to explore the...

https://mfame.guru/petrochina-completes-first-biofuel-bunkering-operation-in-singapore/

Lack of strong national policies on green fuels holds back investments in shipping infrastructure, report says

A new report by the Tyndall Centre at the University of Manchester, which highlights […]

The post Lack of strong national policies on green fuels holds back investments in shipping infrastructure, report says appeared first on Offshore Energy.

https://www.offshore-energy.biz/lack-of-strong-national-policies-on-green-fuels-holds-back-investments-in-shipping-infrastructure-report-says/

Anaergia Plant To Supply CO2 For Production Of Green E-Methanol Bunkers

Anaergia Inc. said it has signed an agreement with European Energy A/S (European Energy) to supply up to 60,000 tonnes per year of liquefied biogenic Carbon Dioxide (CO2) for a period of 10 years for the production of green e-methanol to be utilised by A.P. Moller – Maersk, says an article published on Manifold times.

Power the first container vessel

Under the terms of an agreement European Energy had previously entered into with A.P. Moller – Maersk, the green e-methanol will be used to power...

https://mfame.guru/anaergia-plant-to-supply-co2-for-production-of-green-e-methanol-bunkers/

Innovation Helps Shaping The Future Of The LNG Industry

LNG might be the last great growth opportunity in oil and gas. But the difficult investment environment and buyers’ appetite for low-carbon LNG are among the challenges facing developers. Giles Farrer, Director of LNG, talked the writer through his latest thinking, reports Wood Mackenzie.

Why is the outlook for LNG so promising?

Much of it’s about Asia, where energy demand is growing, and gas can help achieve net-zero targets by displacing higher carbon intensity coal in the power sector. We...

https://mfame.guru/innovation-helps-shaping-the-future-of-the-lng-industry/