In the UK, Ceres announced that India’s Thermax, a major energy and environmental solutions provider, has partnered with UK-based Ceres Power to manufacture and commercialise solid oxide electrolysis technology in India. This collaboration aims to accelerate green hydrogen production using highly efficient, large-scale electrolysis systems. The partnership grants Thermax a global license to produce, sell, […]
In Colorado, Gevo, a leader in net-zero fuels, is set to acquire Red Trail Energy’s ethanol and carbon capture facilities in North Dakota for $210 million. The deal boosts Gevo’s push for sustainable aviation fuel and low-carbon products, adding a key carbon sequestration site with a million-ton capacity. The acquisition of the 65-million-gallon ethanol plant […]
In New York, Plug Power has signed a contract to provide 25 MW of PEM electrolyzers for the H2DRIVEN project in Portugal, set to produce 80,000 tons of green methanol annually. The collaboration with Dourogás and CapWatt focuses on using biomass gasification and solar-powered electrolysis to generate methanol, targeting reduced carbon emissions in heavy industry. […]
In Texas, KBR has been awarded a contract by Samsung Heavy Industries to conduct a conceptual study on a floating blue ammonia production facility. SHI, one of South Korea’s largest shipbuilders, is diversifying into ocean energy, and the study will focus on integrating KBR’s ammonia technology with SHI’s floating vessel designs. The project leverages KBR’s […]
In the UK, ZeroAvia, a developer of hydrogen-electric propulsion systems for aircraft, has closed an extended Series C financing round, raising $150 million. This round saw the Scottish National Investment Bank contribute £20 million, joining investors such as American Airlines, IAG, and ITOCHU Corporation. The funding will accelerate certification efforts for ZeroAvia’s first hydrogen-electric powertrain […]
In Washington D.C., the U.S. Department of Energy in collaboration with the Department of Agriculture and the Federal Aviation Administration, has announced $12 million in new funding to advance biorefinery technologies and released a progress report on sustainable aviation fuel production. The report, unveiled on September 11, 2024, at the North American SAF Conference, highlights […]
In India, Mint reports state-owned oil and gas company BPCL has entered joint ventures with Sembcorp Green Hydrogen India and GPS Renewables to develop renewable energy and biogas projects across India, as part of its strategy to achieve net-zero emissions and diversify its energy portfolio. BPCL will hold a 50% stake in both ventures. The […]
In California, gCaptian reports in a bid to bypass Western sanctions, Russian energy producer Novatek has dispatched the “Everest Energy”, a non-ice class LNG carrier, through the icy waters of the Northern Sea Route. This unprecedented move marks the first time a conventional vessel has attempted the Arctic passage, which is typically reserved for specialized […]
In Sweden, AtoB@C Shipping and EFO, a joint venture of Swedish energy companies, announced their collaboration aimed at reducing carbon dioxide emissions from maritime transport. The initiative involves substituting 10% of EFO’s annual fuel consumption with renewable alternatives, leading to a projected 8.5% reduction in lifecycle emissions. Andreas Ukmar, CEO at EFO, expressed enthusiasm for […]
In Brussels, Mario Draghi, former Prime Minister of Italy and ex-President of the European Central Bank, issued a report detailing the urgent need for Europe to secure its position in global shipping through decarbonisation and innovation. The report stresses that Europe is at risk of falling behind major global competitors unless immediate and coordinated actions […]
