Carbon Management

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

Japan's JERA starts ammonia co-firing trial at coal power station

JERA said it has begun a demonstration of co-firing 20% of ammonia with coal at its Hekinan thermal power station in central Japan, in what it said is the world's first trial using a large amount of the gas at a major commercial plant.

Maersk's ECO Delivery Ocean leading the green transition with biofuels and methanol

Strong growth for Maersk ECO Delivery Ocean product in 2023. Over 200 customers saved more than 680,000 tons of GHG emissions. Retail, lifestyle, automotive and FMCG companies are the pioneers.

Methanol-fueled "Ane Maersk" arrives at Port of Hamburg

The "Ane Maersk", the world's first large methanol-capable container ship operated by the Maersk shipping company with a capacity of more than 16,000 TEU, moored at Eurogate Container Terminal Hamburg for the first time on its maiden voyage from Asia to Europe.

More than 20% of global oil refining capacity at risk, analysis finds

More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published, as gasoline margins weaken and the pressure to reduce carbon emissions mounts.