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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.

Australia’s gas supply secure for next quarter amid industry commitments

The Australian Government has decided not to activate the mechanism to secure additional quantities of liquefied natural gas (LNG) for 3Q 2025 as it feels confident that the current volumes are sufficient to cover the forecasted demand. The post Australia’s gas supply secure for next quarter amid industry commitments appeared first on Offshore Energy.

MMMCZCS: Retrofit project preparing bulkers for methanol paves the way to greener shipping

The project for retrofitting conventionally-fueled Kamsarmax bulk carrier to dual-fuel methanol, co-led by MMMCZCS and Tsuneishi Shipbuilding, has received approval in principle (AiP), paving the way for green transition within the medium-size bulk carrier sector. The post MMMCZCS: Retrofit project preparing bulkers for methanol paves the way to greener shipping appeared first on Offshore Energy.

Fincantieri, Eni and RINA: New study dives into maritime’s future fuel mix

Italy’s energy company Eni, compatriot shipbuilder Fincantieri, and classification society RINA have unveiled a new study that aims to contribute to accelerating the decarbonization of the maritime transport sector, in line with the net zero target for 2050. The post Fincantieri, Eni and RINA: New study dives into maritime’s future fuel mix appeared first on Offshore Energy.

Australian firm seeks FSRU for proposed LNG terminal

Viva Energy has engaged the services of Poten & Partners to secure a floating storage and regasification unit (FSRU) for its proposed LNG terminal in Geelong, Australia. The post Australian firm seeks FSRU for proposed LNG terminal appeared first on Offshore Energy.