Shipowners should consider onboard carbon capture and storage at the newbuilding stage to reduce potential retrofit costs, according to a new DNV report.
Around 7-9 billion tonnes of CO2 per year will need to be removed by mid-century from the atmosphere if the world is to meet the 1.5°C Paris Agreement target, according to University of Oxford research.
Lloyd’s Register (LR) and Guangzhou Shipyard International (GSI) have signed a joint development project (JDP) for the design of a Very Large Ammonia Carrier (VLAC) with a carrying capacity of 100,000 cubic metres (cbm).
A global pandemic deal will conclude ‘within a year at the latest’, following an agreement reached by the World Health Assembly.
Global energy company Santos has signed a long-term liquefied natural gas (LNG) supply and purchase agreement with Japan’s Hokkaido Gas.
Samsung Electronics has announced Young Hyun Jun as its new Head of Device Solutions (DS) division to lead the company’s semiconductor business.
Kobe Steel is to target growing demand for Direct Reduced Iron (DRI) processes and stepping up feasibility studies on a low CO2 iron metallics project in Oman ahead of launching production in 2027.
The Australian Government will spend AU$566m (US$378m) in new offshore mapping programmes that will also help identify new carbon capture and storage (CCS) locations and possible sites for clean hydrogen projects.
Deltamarin and ECOLOG have developed a new liquid carbon dioxide (LCO2) carrier.
Japan’s JERA wants to handle over 35 million tonnes of liquefied natural gas (LNG), 20GW of renewable energy capacity, and seven million tonnes of hydrogen and ammonia by 2035.
