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Partners testing feasibility of CO2 storage at mature oil field off Australia

Japanese engineering company Chiyoda Corporation and Knutsen NYK Carbon Carriers (KNCC), a joint venture between Japanese shipping major NYK and Norway’s vessel operator Knutsen Group, have won a contract for a feasibility study related to a carbon capture and storage (CCS) project Australia’s Pilot Energy is undertaking with compatriot mining and metals company South32 in Western Australia. The post Partners testing feasibility of CO2 storage at mature oil field off Australia appeared first on Offshore Energy.

China’s first fully digitalized bunkering op completed using eBDN

Marine fuel supplier China Marine Bunker (PetroChina) (CHIMBUSCO) has completed China’s first fully digitalized bonded bunkering operation using an electronic bunker delivery note (eBDN), marking a significant milestone in the digital transformation of the country’s marine bunker supply chain. The post China’s first fully digitalized bunkering op completed using eBDN appeared first on Offshore Energy.

MOL conducts biofuel bunkering on Capesize bulker for BHP

Japanese shipping player Mitsui O.S.K. Lines (MOL) has completed biofuel bunkering on its Capesize bulk carrier, expecting about 750 tons of CO2 emission reduction. The post MOL conducts biofuel bunkering on Capesize bulker for BHP appeared first on Offshore Energy.

Green steel may be only 2.5% of market by 2035 | Hydrogen

Hydrogen-based green steel output could reach 46 million tonnes by 2035, according to a new report from technology research firm IDTechEx. The report highlights how regulation, corporate climate targets, and pressure from sectors like automotive and construction are driving investment in low-carbon steelmaking. However, high hydrogen costs, infrastructure gaps and policy uncertainty risk slowing progress – and 46 million tonnes is only about 2.5% of annual steel production. Steel accounts for around 7% to 9% of global CO2 emissions and it is one of the hardest sectors to decarbonise, with high temperatures involved. In Europe, policies such as the Emissions Trading System (ETS) and the upcoming Carbon Border Adjustment Mechanism (CBAM), along with over €2bn ($2.2bn) in public funding, are accelerating green steel initiatives. Other countries are taking a mix of approaches. The US offers… Read More »Green steel may be only 2.5% of market by 2035 | Hydrogen

Sea-Cargo retrofitting RoRo pair to cut fossil fuel use by up to 50%

Norwegian shipowner Sea-Cargo has decided to remodel two of its roll-on/roll-off (RoRo) ships in an effort to achieve a reduction of 50% in fossil fuel consumption. The post Sea-Cargo retrofitting RoRo pair to cut fossil fuel use by up to 50% appeared first on Offshore Energy.