Remove Cost Of Remove Financing Remove Mariner Remove Oil
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Euronav partnering with Hyundai Heavy, LR and DNV to accelerate development of dual-fuel ammonia-fitted tankers

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Crude oil tanker company Euronav NV announced a Joint Development Program (JDP) with the largest shipbuilder in the world, Hyundai Heavy Industries (HHI) and classification societies Lloyd’s Register and DNV, to help accelerate the development of dual fuel Ammonia (NH 3 ) fitted VLCC and Suezmax vessels. million (US$66.4 million each).

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment. TPD) to produce high-quality lignin intermediates suitable for the production of renewable jet fuels and marine fuels. Comstock Inc.,

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Government of Canada introduces legislation to strengthen rail safety and accountability; “polluter pays”

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Canada’s Minister of Transport, Lisa Raitt, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act.

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The Case for Nuclear Cargo Ships

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Vard Group is part of NuProShip , a consortium of the Norwegian maritime authority, universities, shipbuilders, and shipping companies that aims to develop a Generation IV reactor for marine vessels. The first was the American NS Savannah , built in the late 1950s at a cost of $46.9 million (an eye-popping $495 million today).

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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

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Well-to-Propeller GHG emissions results for marine alternative fuels. According to DNV GL, the main drivers for the use of alternative fuels in shipping in the future can be classified in two broad categories: (a) Regulatory requirements and environmental concerns, and (b) availability of fossil fuels, cost and energy security.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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Environmental costs are often not shown on financial statements because the bearers of such costs can be either particular individuals or society at large, are often both non-monetary and problematic to quantify for comparison with monetary values. Source: KPMG. Click to enlarge. billion in 2005.

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Royal Academy of Engineering study examines future lower-carbon ship powering options

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Although the industry has reduced its consumption of fossil fuels by a number of measures such as using increasingly thermally efficient diesel engines in recent decades, the current total fuel oil consumption is in excess of 350 million tonnes per year (about 98.5 billion gallons US).

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