Idemitsu, ENEOS, Toyota, MHI eye introducing carbon-neutral fuels in Japan by 2030

Japan’s Idemitsu Kosan, ENEOS, Toyota Motor and Mitsubishi Heavy Industries have agreed to jointly consider introducing carbon-neutral fuels in the country around 2030, the companies said in a joint statement May 27. Following the agreements, Idemitsu, ENEOS, Toyota and MHI have commenced a study...

https://www.spglobal.com/platts/en/market-insights/latest-news/energy-transition/052724-idemitsu-eneos-toyota-mhi-eye-introducing-carbon-neutral-fuels-in-japan-by-2030

Thai refiners slash Saudi oil imports in April but extend US crude buying spree

Thailand sharply reduced crude imports from Saudi Arabia but raised shipments of low sulfur crudes from the US and Southeast Asia in April, in an effort to save refinery feedstock logistics costs amid expensive Persian Gulf-East Asia tanker insurance fees, industry and refinery sources said over...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/052724-thai-refiners-slash-saudi-oil-imports-in-april-but-extend-us-crude-buying-spree

US exports record annual number of LNG cargoes to Asia via Cape of Good Hope in H1 2024

The Cape of Good Hope remains the trade passage of choice for US LNG exporters looking to reach Asia, with a record number of cargoes making the voyage this year. A total of 123 US LNG cargoes have travelled to Asia via the Cape of Good Hope so far this year, according to data from S&P Global...

https://www.spglobal.com/platts/en/market-insights/latest-news/lng/052424-us-exports-record-annual-number-of-lng-cargoes-to-asia-via-cape-of-good-hope-in-h1-2024

Could wood pellets be another alternate fuel option for maritime?

wood pellet gasifier

Three leading Japanese companies, NYK Line, NYK Bulk & Projects Carriers (NBP) and Tsuneishi Shipbuilding Co., Ltd. are planning to build a ship powered by wood pellets under an MOU signed with U.K. based Drax Group. Drax produces the wood pellets , which are categorized as “biomass,” in both the southern U.S. and Canada. The company has a longstanding relationship with NBP which transports its pellets to Japan.

According to Drax the biomass wood pellets produce 80% less CO2 emissions when...

https://www.marinelog.com/legal/environment/could-wood-pellets-be-another-alternate-fuel-option-for-maritime/

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