In the UK, Greenergy recently announced the successful closing of its new Revolving Secured Borrowing Base and Term Loan Facility. Combined with its existing Receivables Purchase Facility, this takes Greenergy’s total credit facilities to $1.4 billion. The refinancing is supported by Greenergy’s parent company Trafigura, and includes a new $500 million Revolving Secured Borrowing Base, […]
In the UK, Essar Energy Transition (EET) Hydrogen has signed an Engineering, Procurement and Construction contract with ENKA for its flagship low carbon hydrogen production plant (HPP1) at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. In October 2024, the UK Government announced funding had been agreed to support HPP1 as the UK’s first large-scale […]
In The Netherlands, Offshore Energy reported Eastern Pacific Shipping and SulNOx, a UK-based tech provider, signed a deal to cut fuel consumption and emissions on at least 30 vessels over 18 months, following an eight-month trial across EPS-managed container ships, tankers, bulk carriers, and gas carriers. EPS reported up to 5% fuel savings using SulNOxECO […]
In the UK, Rivera Maritime News reported the global shipping fleet’s value, according to Clarksons Research, reached US$2 trillion by the end of 2024, adding US$800 billion in value over the first four years of this decade. This growth was driven by a 6.2% rise in tonne-mile demand, which “reflects the largest growth in shipping […]
In the UK, OXCCU has unveiled new techno-economic analysis detailing the transformative potential of its CO₂ Fischer-Tropsch (CO₂ F-T) technology for producing Sustainable Aviation Fuel (SAF). The report outlines how OXCCU’s innovative catalyst and process reduces costs, enhances efficiency, and accelerates decarbonization in the aviation sector. Key findings from the report include: 50% Lower Capital […]
In the UK, Newry Times reported that Northern Ireland’s Minister of Economy, Conor Murphy has launched a Call for Evidence to explore the potential use of biofuels as an alternative to home heating oil and fossil-based LPG. Minister Murphy said: “Moving away from fossil fuels is vital in the transition towards net zero. Over half […]
In the UK, Northern Ireland Economy Minister Conor Murphy recently launched a Call for Evidence to explore the potential use of biofuels as an alternative to home heating oil and fossil-based LPG. It is open until March 4. “This Call for Evidence will help the Department assess the potential role biofuels can play in decarbonizing […]
In the UK, flights are set to be greener as the UK’s Sustainable Aviation Fuel (SAF) Mandate officially came into force Wednesday. By law, this type of fuel must now make up at least 2% of all jet fuel in flights taking off from the UK from 2025, growing year-on-year to 10% by 2030 and 22% […]
In the UK, the Financial Times reports that Project Willow—a feasibility study looking at how to convert the Grangemouth oil refinery in Scotland to renewable energy following the owners’ announcement earlier this year that it would be shut down—is about three-quarters finished. The study led by EY is recycling, biofuels and green hydrogen, but the […]
In the UK, researchers have found a more sustainable way to produce energy using plants that can survive in dry conditions such as deserts. These drought-tolerant plants, also known as arid plants, could help create cleaner and more efficient biofuels on a large scale. Biofuels are renewable energy sources made from biological materials like plants […]
