In the UK, the aviation industry is set for a major boost as £43 million for green projects was announced recently by the government, supporting jobs and unlocking new investment. The major investment comes as the Government drives forward plans for expansion at Heathrow, Gatwick and Luton airports and the Transport Secretary recently chaired a meeting with prominent airlines, airports, innovators and engineering firms to […]
In South Korea, APAM Peru reports South Korean company Sun Comprehensive Energy has unveiled its recently patented design for a fueling vessel that can deliver multiple fuels. The bunker vessel can transport LNG, methanol, ammonia and hydrogen from a single ship: fuels that have very different densities and temperatures. Kang Pyeong-ho, chief executive of Sun […]
In the UK, the Baltic Exchange has introduced a series of green fuel options to its FuelEU voyage and compliance cost calculator as more shipowners, traders and charterers seek to understand the commercial implications of this regulation on their voyage costs. Biodiesel, bio-LNG, bio-LPG, green methanol, green hydrogen and green ammonia have all been added […]
In California, Twelve, a carbon transformation company focused on decarbonizing industries, has raised $645 million to accelerate the production of sustainable aviation fuel. The funding includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C financing, and $45 million in credit facilities. This marks one of the largest financial […]
In India, Janta Se Rishta reports the Punjab government is advancing its green fuel initiative by setting up pelletization plants to convert paddy stubble into biofuel, aiming to address the environmental challenge of stubble burning. As of mid-September 2024, 16 such plants are operational across the state, with 21 more expected by November. This initiative, […]
