LPG

Mitsubishi Shipbuilding Completes Delivery of Ammonia Fuel Supply System for Large, Low-Speed Two Stroke Marine Engines

Retrieved on: 
Wednesday, May 24, 2023

TOKYO, May 24, 2023 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed delivery of an ammonia fuel supply system for large, low-speed two stroke marine engines, to Japan Engine Corporation (J-ENG), a manufacturer of marine engines based in Akashi City, Hyogo Prefecture.

Key Points: 
  • TOKYO, May 24, 2023 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed delivery of an ammonia fuel supply system for large, low-speed two stroke marine engines, to Japan Engine Corporation (J-ENG), a manufacturer of marine engines based in Akashi City, Hyogo Prefecture.
  • J-ENG is currently conducting tests of ammonia fuel under various conditions utilizing an experimental, large-scale, low-speed two stroke marine engine located at the MHI Research & Innovation Center, Nagasaki District in Japan.
  • The ammonia fuel supply system supplied by Mitsubishi Shipbuilding has been installed at the Nagasaki District facility, and supplies the ammonia fuel used to conduct the tests.
  • Mitsubishi Shipbuilding aims to contribute to reducing GHG emissions in the maritime industry by manufacturing and supplying ammonia fuel supply systems for ships.

Mitsubishi Shipbuilding and Nihon Shipyard Launch Joint Study for Development of an Ocean-Going LCO2 Carrier

Retrieved on: 
Monday, May 22, 2023

TOKYO, May 22, 2023 - (JCN Newswire) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard Co., Ltd., a Tokyo-based joint venture for ship design and sales between Imabari Shipbuilding Co., Ltd. and Japan Marine United Corporation have started joint study for the development of an ocean-going liquified CO2 (LCO2) carrier.

Key Points: 
  • TOKYO, May 22, 2023 - (JCN Newswire) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard Co., Ltd., a Tokyo-based joint venture for ship design and sales between Imabari Shipbuilding Co., Ltd. and Japan Marine United Corporation have started joint study for the development of an ocean-going liquified CO2 (LCO2) carrier.
  • Nihon Shipyard is pursuing this project with the aim of completing construction of the vessel from 2027 onwards.
  • Through collaboration with multiple Japanese shipping companies and domestic/overseas energy companies, along with the construction of demonstration ship for transport of LCO2, Mitsubishi Shipbuilding is actively pursuing the development of LCO2 carriers and commercialization of LCO2 shipping.
  • Going forward, Mitsubishi Shipbuilding and Nihon Shipyard will provide the world with the LCO2 carriers necessary to establish a CCS value chain, and contribute to the realization of a carbon neutral world.

Growing Environmental Concerns and Government Initiatives Fueling Market Growth in LPG Vaporizer Sector - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 10, 2023

Rising environmental concerns and government initiatives promoting green solutions are driving companies to adopt LPG as a clean fuel, replacing gasoline and diesel.

Key Points: 
  • Rising environmental concerns and government initiatives promoting green solutions are driving companies to adopt LPG as a clean fuel, replacing gasoline and diesel.
  • The market growth is propelled by the rising awareness of environmental concerns and government regulations enforcing the usage of clean fuel sources.
  • Additionally, technological advancements in LPG vaporizer design and features, such as Bluetooth connectivity and temperature control, are expected to drive market growth.
  • The market is witnessing increasing use of LPG in the agriculture sector, driving the demand for LPG vaporizers.

Westport Awarded Additional Production Supply Agreement for Euro 7 LPG Fuel Systems by Global OEM

Retrieved on: 
Tuesday, August 8, 2023

VANCOUVER, BC, Aug. 8, 2023 /PRNewswire/ - Westport Fuel Systems Inc. (TSX: WPRT) (NASDAQ: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, announced today it has been designated as the supplier of liquified petroleum gas (LPG) systems to a global original equipment manufacturer (OEM).

Key Points: 
  • VANCOUVER, BC, Aug. 8, 2023 /PRNewswire/ - Westport Fuel Systems Inc. (TSX: WPRT) (NASDAQ: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, announced today it has been designated as the supplier of liquified petroleum gas (LPG) systems to a global original equipment manufacturer (OEM).
  • This is in addition to the previously announced production supply agreement, adding new Euro 7 vehicle platforms planned for production by the OEM.
  • This increases the revenue generated from LPG fuel system supply agreements for Euro 6 and 7 programs with this OEM to approximately €255 million.
  • "We are pleased to become the exclusive supplier of LPG systems to this leading OEM customer and look forward to continuing our commitment to deliver our LPG systems for their LPG-fueled vehicle platforms," said David M. Johnson, chief executive officer of Westport Fuel Systems.

Westport Awarded Additional Production Supply Agreement for Euro 7 LPG Fuel Systems by Global OEM

Retrieved on: 
Tuesday, August 8, 2023

VANCOUVER, BC, Aug. 8, 2023 /PRNewswire/ --Westport Fuel Systems Inc. (TSX: WPRT) (NASDAQ: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, announced today it has been designated as the supplier of liquified petroleum gas (LPG) systems to a global original equipment manufacturer (OEM).

Key Points: 
  • VANCOUVER, BC, Aug. 8, 2023 /PRNewswire/ --Westport Fuel Systems Inc. (TSX: WPRT) (NASDAQ: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, announced today it has been designated as the supplier of liquified petroleum gas (LPG) systems to a global original equipment manufacturer (OEM).
  • This is in addition to the previously announced production supply agreement, adding new Euro 7 vehicle platforms planned for production by the OEM.
  • This increases the revenue generated from LPG fuel system supply agreements for Euro 6 and 7 programs with this OEM to approximately €255 million.
  • "We are pleased to become the exclusive supplier of LPG systems to this leading OEM customer and look forward to continuing our commitment to deliver our LPG systems for their LPG-fueled vehicle platforms," said David M. Johnson, chief executive officer of Westport Fuel Systems.

Miawpukek Horizon Joins Forces With EverWind Fuels to Advance Atlantic Canadian Green Energy Hub

Retrieved on: 
Thursday, August 3, 2023

The vessel will require a full-time crew of up to 16 people, and will be managed and crewed by Miawpukek Horizon, with a priority towards recruiting and training Indigenous mariners.

Key Points: 
  • The vessel will require a full-time crew of up to 16 people, and will be managed and crewed by Miawpukek Horizon, with a priority towards recruiting and training Indigenous mariners.
  • "EverWind is committed to building meaningful commercial partnerships with Indigenous communities and is proud to announce our latest Indigenous commercial partnership," explains EverWind CEO, Trent Vichie.
  • "We are also proud to champion the development of Canada's first green fuel transshipment corridor between our two projects.
  • This marks an important step in the development of an Atlantic Canadian green energy hub, with jobs being created here in Newfoundland and Labrador."

UGI Reports Third Quarter Results

Retrieved on: 
Thursday, August 3, 2023

UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended June 30, 2023.

Key Points: 
  • UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended June 30, 2023.
  • Year-to-date reportable segments earnings before interest expense and income taxes1 ("EBIT") of $1,076 million compared to $1,079 million in the prior-year period.
  • "This quarter, we continued to execute on our strategy, while taking actions to enhance our financial flexibility," said Roger Perreault, President and Chief Executive Officer of UGI Corporation.
  • Based on the results of the first nine months of fiscal 2023 and expectations for the fourth quarter, we anticipate fiscal 2023 adjusted diluted EPS to be at the low end of our guidance range of $2.75 to $2.903.

Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share, Provides Update for First Quarter 2024 and Announces First Quarter 2024 Earnings and Conference Call Date

Retrieved on: 
Thursday, July 27, 2023

The dividend is payable on or about September 6, 2023 to all shareholders of record as of the close of business on August 10, 2023.

Key Points: 
  • The dividend is payable on or about September 6, 2023 to all shareholders of record as of the close of business on August 10, 2023.
  • The Company also plans to issue a press release on Wednesday, August 2, 2023 prior to the market open, announcing its unaudited financial results for the quarter ended June 30, 2023.
  • The conference call can be accessed live by dialing 1-877-407-9716, or for international callers, 1-201-493-6779, and requesting to be joined into the Dorian LPG call.
  • Based on information available to the Company at this time, the Company expects that for the quarter ending June 30, 2023:

LoRaWAN® Continues Explosive Growth Across the Asia Pacific Region; Millions of Device Deployments Announced in 2023

Retrieved on: 
Wednesday, July 26, 2023

FREMONT, Calif., July 26, 2023 (GLOBE NEWSWIRE) -- The LoRa Alliance®, the global association of companies backing the open LoRaWAN® standard for the internet of things (IoT) low-power wide-area networks (LPWANs), today highlighted the strong growth of LoRaWAN across the Asia Pacific (APAC) region with the addition of millions of sensors deployed in the first 6 months of 2023, led by large projects in China, Japan, Korea, and India. The continued evolution of LoRaWAN networks is also increasing accessibility, further accelerating growth. To support the high level of regional activity, the LoRa Alliance will bring its next LoRaWAN Live event to Tokyo, Japan on October 11-12, 2023.

Key Points: 
  • The continued evolution of LoRaWAN networks is also increasing accessibility, further accelerating growth.
  • To support the high level of regional activity, the LoRa Alliance will bring its next LoRaWAN Live event to Tokyo, Japan on October 11-12, 2023.
  • “The Asia Pacific region has consistently been at the leading edge of LoRaWAN deployments, and the trend has been accelerating through the first half of 2023,” said Donna Moore, CEO and chairwoman of the LoRa Alliance.
  • Some of the largest scale deployments support water metering and management, gas metering and leak detection, environmental monitoring and energy management, and street lighting/safety.

Dimeta and Enerkem Collaborate on Large Scale Waste-to-DME Projects in Europe and the USA

Retrieved on: 
Tuesday, July 25, 2023

DME is a clean-burning fuel that can support decarbonisation of the off-grid energy sector, including heating, cooking, transport and industrial applications.

Key Points: 
  • DME is a clean-burning fuel that can support decarbonisation of the off-grid energy sector, including heating, cooking, transport and industrial applications.
  • In addition to its commercial demonstration scale facility in operation in Alberta, Canada, Enerkem is currently involved in the development and building of new commercial scale waste-to-methanol facilities in both Canada and Europe.
  • The projects with Enerkem are a key part of achieving Dimeta's goal of creating over 300,000 tonnes of sustainable DME production capacity by 2027.
  • "We are excited to collaborate with Enerkem to transform large volumes of non-recyclable waste into renewable & recycled carbon DME on a global scale.