Qatar Airways has signed a deal with Shell to source 3000 t of neat sustainable aviation fuel (SAF) at Amsterdam Schiphol airport, the Netherlands. It encompasses the existing jet fuel contract with Shell at Amsterdam which will now see Qatar Airways using at least a 5% SAF blend over the …
Read More »China’s Swoop on Cheap Global Coal Set to Drive Record Imports
Falling coal prices could drive Chinese imports to all-time highs, as fuel unwanted elsewhere in the world is diverted to the biggest consumer. China’s purchases may hit about 326 million to 345 million tonnes in 2023, according to its top industry association. That compares with 266 million tonnes in 2022, …
Read More »IEA: EU to Add 60 GW of Solar and Wind Capacity in 2023
The EU is set to add 60 GW of solar photovoltaic (PV) and wind capacity this year, further reducing its reliance on fossil fuels and supplies from Russia, the International Energy Agency (IEA) said on Thursday. By 2024, the IEA expects wind and solar PV to make up more than …
Read More »The World’s First “Battery Tanker” may Become Operational this Decade
Tesla CEO Elon Musk made a bold prediction in 2017: “Everything will go fully electric, apart from (ironically) rockets. Ships are the next easiest to solve after cars.” Six years later, the world’s second-richest person might be right about the next battery boom in ships. Japanese battery startup PowerX Inc. …
Read More »Exxon is Ramping up Activity in Offshore Guyana as the Economy Soars
With more than 35 oil discoveries since 2015 the impoverished South American microstate of Guyana has emerged as the world’s hottest frontier drilling location. Global energy supermajor ExxonMobil is leading the charge by exploiting the prolific offshore Stabroek Block where it has discovered over 11 billion barrels of oil resources. …
Read More »Japan Enacts Law for Operating Nuclear Reactors beyond 60-yr Limit
The Japanese parliament on Wednesday passed a bill that allows nuclear reactors in the country to be operated beyond the current limit of 60 years to help cut carbon emissions while ensuring an adequate national energy supply. The law on power sources for green transformation and decarbonization amends five laws …
Read More »US-China Green Energy Rivalry is Great for World
US ambitions to break China’s dominance of green energy supply chains are “great for the world” as long as tensions don’t lead to war, said iron ore magnate Andrew Forrest. The chairman of Fortescue Metals Group, the world’s fourth-largest iron ore producer, said it was healthy for competitors to challenge …
Read More »Japan Wants to Beam Solar Energy Back to Earth from Space
Countries around the world seem to be in a race to set up solar power plants in space and beam energy back to Earth. The United Kingdom and China have already displayed interest in building such a technology and now, Japan seems to be the latest member to join the …
Read More »Chinese Solar Major Slashes the Prices of a Key Component
The largest solar manufacturer in the world has reduced the prices of a key component in solar installations by close to a third as production ramps up, threatening to sink weaker players. The update comes after in December Longi slashed prices by more than 27%. Per a Bloomberg report, Longi …
Read More »Europe Gas Drops again as Industries Struggle, Solar Hits Record
European natural gas prices dropped to the lowest levels in over two years as demand was hit further by record solar power in Germany. Benchmark futures tumbled as much as 4.3%. Gas posted its longest stretch of weekly declines since 2007 on Friday, a sharp turnaround from the energy crisis …
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