Carbon Management
Canada releases framework to phase out inefficient fossil fuel subsidies
Canada released a framework for eliminating inefficient fossil fuel subsidies, making it the first G20 country to deliver on a 2009 commitment to rationalize and phase out government support for the sector.
G20 bloc fails to reach agreement on cutting fossil fuels
The Group of 20 (G20) major economies meeting in India failed to reach consensus on phasing down fossil fuels following objections by some producer nations.
ECARU, Qalaa Holdings, and Axens to study second-gen biofuel and SAF production project
ECARU, Qalaa Holdings, and Axens, signed a cooperation protocol to carry out technical and economic studies for a project of second-generation biofuel and SAF production.
Air Canada explores possible use of lower-carbon plane fuel
Canada's largest airline has inked a deal seeking to bring in more lower-carbon aviation fuel from green hydrogen and carbon dioxide by 2025.
Honeywell's path to decarbonization: Leak detection, energy efficiency and asset optimization
Reducing emissions is a significant challenge several industries face, with multiple pathways being taken to increase sustainability. At Honeywell Users Group 2023, Ravi Srinivasan delivered a presentation titled “Overcoming emission challenges: The path to net zero.” Srinivasan highlighted several avenues for reducing emissions, such as proactive leak detection and remediation, energy efficiency solutions, hydrogen (H2), carbon capture, renewable fuels and offsets.
Japan's NYK, GCMD sign 5-year agreement for low-carbon shipping collaboration
Japan's leading shipping company NYK has signed a 5-year contract with the Global Centre for Maritime Decarbonisation to collaborate on low-carbon solutions for shipping.
A cloud-based solution for development systems
Companies with development systems struggle with the resources to keep them up to date. It is a challenge to keep tabs on data accurately reflecting daily operations. Typically, time is lost by spending weeks analyzing differences and keeping development systems current.
Technip Energies acquires Processium to fast-track technology development for net zero goals
Technip Energies announces the acquisition of Processium, an expert company in process development, equipped with laboratory and piloting facilities located in Lyon, France.
MAN Energy Solutions and Shell join forces to drive decarbonization solutions
MAN Energy Solutions and Shell have agreed a Memorandum of Understanding to explore the potential of combining their individual competencies and technologies to achieve their climate goals and support their customers in their decarbonization efforts.
Defossilizing the FCCU via co-processing of biogenic feedstock: From laboratory to commercial scale
Oil demand is expected to reach record highs this year1 after a sharp rebound following the COVID-19 pandemic.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
