Net-zero carbon fuels

What Alternative Do Future Fuels Use For Shipping?

  • The shipping industry has a vital role in a net zero carbon future.
  • In response to the Paris Climate Accord, the International Maritime Organisation has set ambitious goals of halving greenhouse gas (“GHG”) emissions by 2050, compared to 2008.
  • At the same time, it has to reduce carbon dioxide emissions intensity by 40% by 2030 and 70% by 2050.

In the recent report of “The Sustainability Imperative” – which drew on a series of in-depth interviews and a global survey of 545 senior industry...

https://mfame.guru/what-alternative-do-future-fuels-use-for-shipping/

Shipping Giants Look To ‘Greener’ Ships To Meet Climate Targets

Strain from a few of their largest clients is pushing corporations like world transport big Maersk to pollute much less after they transport items, reports the Verge.

It is an indication that particular person corporations’ commitments to tackling local weather change can affect others alongside the whole provide chain.

Need to control GHG emissions

One of many newest tendencies in retail has been for corporations to pledge to basically eradicate their greenhouse fuel emissions.

To ensure that them...

https://mfame.guru/shipping-giants-look-to-greener-ships-to-meet-climate-targets/

Covid Pandemic’s Oil Demand Produces $5.7bn Loss for BP

BP has reported a loss of $5.69bn (£4.15bn) for last year after a collapse in global oil demand during the Covid-19 pandemic, compared with a profit of almost $10bn in 2019, says an article published in The Guardian.

Tumbled Prices

The company’s first full-year financial loss in a decade came after the industry was “hit hard” by the pandemic, which triggered a collapse in demand for transport fuels, and caused oil prices on the global market to tumble.

Long-term Expectations

BP was forced to write...

https://mfame.guru/covid-pandemics-oil-demand-produces-5-7bn-loss-for-bp/

This Amazon-backed Startup To Make Net-zero Transportation Fuels

Infinium, an electrofuels solution provider, closed the funding bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP Ventures, Neuman & Esser, and the Grantham Environmental Trust, reports Bloomberg.

The proceeds will be used to advance the development of commercial scale applications to decarbonize the transportation sector.

ElectrofuelsTM technology

Infinium’s proprietary technology enables the production of ElectrofuelsTM, a...

https://mfame.guru/this-amazon-backed-startup-to-make-net-zero-transportation-fuels/