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Ineos risks ETS allowance loss after hydrogen switch at UK plant | acetic acid producer globally reusing

A UK chemicals facility that cut emissions by 75% by switching from natural gas to low-carbon hydrogen could miss out on millions in emissions trading scheme (ETS) allowances for two years due to a potential reclassification of the site. Ineos Acetyls said its Saltend site in Hull, acquired from BP in 2021, had cut 75% of its emissions due to its switch to blue hydrogen. The company said the move should have secured it millions in ETS allowances. However, the chemicals maker claims that the UK Environment Agency (EA) is mulling a reclassification of the site as a “new installation,” which would mean the site would not be eligible for ETS funds until 2028. … to continue reading you must be subscribed To access hundreds of features, subscribe today! At a time when the world… Read More »Ineos risks ETS allowance loss after hydrogen switch at UK plant | acetic acid producer globally reusing

South Korean partners conduct ‘world’s first’ LNG boil-off gas recycling demo

South Korean conglomerate HD Hyundai and compatriot classification society Korean Register (KR) have revealed the completion of what is claimed to be the world’s first demonstration of a technology that recycles boil-off gas (BOG) from LNG-fueled ships under construction into onshore city gas. The post South Korean partners conduct ‘world’s first’ LNG boil-off gas recycling demo appeared first on Offshore Energy.

Yinson issues ‘largest-ever’ FPSO project bond to refinance Brazilian unit

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has placed a bond for a floating, production, storage, and offloading (FPSO) unit working at an oil field in the pre-salt Campos Basin offshore Brazil. The post Yinson issues ‘largest-ever’ FPSO project bond to refinance Brazilian unit appeared first on Offshore Energy.

15-well drilling campaign in Malaysian waters goes to Velesto rig

Velesto Drilling, a subsidiary of Velesto Energy, has won a new multi-well drilling assignment for one of its jack-up rigs off the coast of Malaysia, Southeast Asia. The post 15-well drilling campaign in Malaysian waters goes to Velesto rig appeared first on Offshore Energy.

PowerCell lands order for new MS-500 marine fuel cell system

PowerCell has signed a SEK 44 million (around $4.626 million) agreement with an undisclosed Italian marine OEM for the development and delivery of a new MS-500 marine fuel cell system. The post PowerCell lands order for new MS-500 marine fuel cell system appeared first on Offshore Energy.