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World Economic Forum: Trade Will Keep Global Economy and Society on Track by Ship & Bunker News Team Tuesday January 19, 2021 WEF: heightened global risks. File Image / Pixabay. The Covi-19 pandemic has hurt global economic growth and prompted a rise in global inequalities which means that future economic growth must be more inclusive, president of the World Economic Forum (WEF) Borge Brende said at the launch of the organisation's annual global risk assessment. The report's authors outlined the key risks over a five-to-ten year time frame for the global economy, society and politics. Ca...

Joint Project Claims Ammonia Should be Used in Fuel Cells for Shipping, Not Engines by Ship & Bunker News Team Monday January 18, 2021 Ammonia may prove more effective in fuel cells than in engines. File Image / Pixabay Ammonia will be more effective as a source of energy for the shipping industry if used in fuel cells rather than burned in engines, according to a new industry group seeking to develop the technology. Alfa Laval, Svitzer and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have launched a joint project to accelerate the development of solid oxide fuel cells (SO...

MSC Joins Hydrogen Council Wednesday January 13, 2021 Leading box carrier Hydrogen Council as part of its wider efforts to explore routes to decarbonisation. The global initiative is focused on the use of hydrogen as a long-term solution for clean energy. “MSC is actively engaging with a wide range of stakeholders to accelerate the development of clean hydrogen fuels for shipping," said Bud Darr, Executive Vice President, Maritime Policy & Government Affairs, MSC Group. "There must be a massive injection of energy and capital into R&D efforts to bring alternative fuels and alternative...

Total Biogas Push is 'Important Step' Towards Bio-LNG Bunkers by Ship & Bunker News Team Wednesday January 13, 2021 French energy company Total's acquisition of a major biogas producer in the country will help boost its ability to supply bio-LNG as a marine fuel, according to the head of its bunkering unit. On Monday Total announced the acquisition of Fonroche Biogaz, the largest producer of renewable gas in France. The company now plans to produce 4-6 TWh/year of biomethane by 2030. "This is an important step forward for us to realise bio-LNG as a real marine fuel solution for shipping...

Mercuria Seeks to Boost Energy Transition Strategy With Alternative Fuels Acquisition by Ship & Bunker News Team Friday January 8, 2021 Global commodity trader Mercuria is planning to boost its role in the energy transition with an acquisition in the renewable fuels space. Mercuria has agreed to buy a 61% stake in US alternative fuels supplier Beyond6 for about $169 million, the company said in a statement on its website last week. "Mercuria is excited to continue to execute on its corporate strategy of increased investment in the energy transition to clean, renewable energy sources," ...