Carbon Management

Singapore aims for over 1 MMt of low-carbon methanol bunker supply by 2030

Singapore has the potential to supply over 1 MMt of low-carbon methanol annually by 2030 to meet rising demand for alternative bunker fuel.

Neste to supply SAF to Air New Zealand at Los Angeles International Airport

Neste and Air New Zealand have signed an agreement for the supply of nine million liters of neat Neste MY Sustainable Aviation Fuel.

Prada Group announces first investment in SAF credits in partnership with DHL Global Forwarding

Prada Group announces its first investment in SAF credits, utilizing DHL Global Forwarding’s GoGreen Plus service.

JX to join forces with Sumitomo at large scale SAF project in Louisiana (U.S.)

JX Nippon Oil & Gas Exploration Corporation and Sumitomo Corporation executed consortium agreements to manage investment in the Louisiana Green Fuels BECCS project at Port of Columbia, Caldwell Parish, Louisiana (U.S.).

Singapore’s EU ETS liabilities of $363 MM can accelerate green shipping initiatives

Singapore-registered vessels will be required to contribute a significant $363 MM share of Asian shipping’s total emissions liabilities under the EU ETS, underlining the importance of the Lion City as a key maritime hub for both global trade and decarbonization.

Optimize Carbon Capture Projects to Meet Net-Zero Targets

The race to a zero-carbon future is on, and carbon capture and storage (CCS) technology has a critical role to play in achieving global sustainability goals.

Chevron invests in carbon capture and removal technology company, ION Clean Energy

Chevron New Energies, a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy, a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system. ION raised $45 MM in Series A financing led by CNE.

Wartsila to deliver its first ammonia ship engine in early 2025

Ship engine manufacturer Wartsila expects to deliver its first ammonia-fueled engine on a new vessel in early 2025, with more widespread sales expected in the 2030s.

Borouge commits to net-zero in its operations by 2045

Borouge, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, has committed to achieving net-zero across its scope 1 and 2 carbon emissions by 2045. 

Improve energy efficiency of assets