WinWinGD's iCER (Intelligent Control of Exhaust Gas Recirculation) engine solution will be supplied to a new 17400 cbm LNG carrier as part of the WinGD X-DF 2.1 engine. The carrier is being built by South Korea's Hyundai Heavy Industries (HHI), with engine deliveries scheduled for May 2024. It features second generation technology for better combustion control resulting in lower emissions and fuel savings across the entire load range. Methane leakage can be reduced by up to 50%. GD's iCER (intelligent control by exhaust recirculation) on-engine solution will be delivered as part of a WinGD X-DF 2.1 engine for a new 17400 cbm LNG carrier. The carrier is being built by Hyundai Heavy Industries (HHI) in South Korea, and the engine is scheduled to be delivered in May 2024. It features second-generation technology for greater combustion control that translates to lower emissions and fuel savings across the load range. Methane slip can be reduced by as much as 50%.
FuelEU Maritime is scheduled to be released in July 2021 as part of the EU's Fit-for-55 regulatory proposal, which is expected to come into force in 2025. The final text is expected to come into force later this year, but for now, it puts the industry on track to decarbonise by 2050 and use marine LNG as a ship fuel by 2040. EU classification regulations will also have an impact on the use and supply of LNG as a marine fuel. Demand for LNG will increase significantly due to a combination of regulations. Without specific incentives to drive the adoption of synthetic fuels, it may be difficult for synthetic fuels to remain competitive. Currently, the shipping industry expects marine LNG to remain a viable fuel option until 2040.
The 70 MW project is planned to be built on 88.5 hectares of land and is expected to produce 114 GWh per year. The company is in advanced negotiations to purchase an additional 39.4 hectares of land adjacent to the project. The goal is to install an additional 35 MW, thereby increasing the project's capacity to 105 MW. This amount is based on a selling price of EUR 70 per net MWh for a project duration of at least 25 years. The deal is contingent on receipt of a 70 MW construction permit and assumes no material adverse change in the project's performance.
The deadline for obtaining a building permit is 16 months from the date of signing the agreement. Completion of the transaction is subject to several conditions, including approval by the North Macedonia Commission for the Protection of Competition.
Taaleri Energia will own 100% of the wind farm through its Taaleri SolarWind II fund and Encro, the project's original developer. The wind farm should generate about 317 GWh of electricity per year, enough to supply about 85,000 households. During operation, they will offset approximately 78,000 tonnes of CO2e per year. This is the first utility-scale renewable energy project to be developed outside of a state subsidy program.
The Hydrogen Industrial Zone project involves the construction of a 25 MW solar power plant that will provide green energy to the 10 MW hydrogen electrolyzers defined in the EU hydrogen strategy. The project is expected to save 3,000 GWh of energy per year, while its renewable energy production is estimated at 33,000 GHW per year. The conceptual design has been strongly endorsed by the European Clean Hydrogen Alliance.
Sinopec (Sinopec Corp.) plans to produce 20,000 tons of green hydrogen per year when the facility is completed. The plant is located in the northwestern region of Xinjiang and cost about $470.8 million to build. The hydrogen produced by the future plant will be supplied to the neighboring Sinopec Tahe Refinery to replace natural gas for hydrogen production.
V.Group's three new vessels will be used on Shell's long-term time charter. New York-based tanker company International Seaways owns the three LNG dual-fuel VLCCs. In addition to emission-reducing LNG-powered engines, the vessels feature optimized hull shapes and propellers. René Kofod-Olsen, CEO of V.Group, said: "We see LNG as the main transition fuel to achieve our goal of decarbonising shipping".
A dual-fuel LNG (liquefied natural gas) shuttle tanker ordered by NYK Offshore Tankers AS, a subsidiary of NYK, was delivered on August 2 at Daewoo Shipbuilding & Marine Engineering Co., Ltd. in South Korea. The shuttle tanker will be chartered to ENI Trade & Biofuels S.p.A and will be engaged in oil transportation in the North Sea and Barents Sea. It will use LNG fuel, which is more environmentally friendly than traditional petroleum fuels, and will be equipped with a VOC recovery system and energy storage system5, thereby reducing greenhouse gas emissions.
The vessel will be equipped with separate cargo tanks designed to carry both LPG and ammonia. The vessel will be built at the KHI Sakaide shipyard and is expected to be delivered in 2025. Ammonia is attracting attention as a future zero-emission fuel that emits no carbon dioxide (CO2) when burned. NYK launched "Sail GREEN" as the company's ESG brand, emphasizing NYK's efforts to reduce greenhouse gas emissions through the transportation of goods and contribute to customers' eco-friendly supply chains. The VLGC will not only comply with the tightening of the SOx global cap regulations* from January 2020, but will also comply with the IMO's Energy Efficiency Design Index (EEDI)** Stage 3 regulations, which have become more stringent from April 2022 carbon dioxide emission standards. As a "Sustainable Solution Provider", NYK Group promotes new value creation and vigorously promotes ESG management.
WinGD's iCER (Intelligent Control of Exhaust Gas Recirculation) engine solution will be delivered to a new 17400 cbm LNG carrier as part of the WinGD X-DF 2.1 engine. The carrier is being built by South Korea's Hyundai Heavy Industries (HHI), with engine deliveries scheduled for May 2024. It features second-generation technology for better combustion control, resulting in lower emissions and fuel savings across the entire load range. Methane leakage can be reduced by up to 50%.