Methanol

IDTechEx Discusses Future Directions for the Green Hydrogen & Electrolyzer Market Growth

Retrieved on: 
Friday, March 8, 2024
Hydrogen, Oxygen, Bev, Aircraft, Seawater, Ammonia, Electrolysis, HAR1, Fertilizer, Natural gas, Transport, Hydrogen production, Growth, SMR, Renewable energy, CO2, Government, Attention, SOEC, Capital expenditure, Players, Electricity, Energy, AWE, IRA, Methanol, PEM, DOE, LCOH, Water, AEL

This article provides an overview of some key drivers as well as future directions for the electrolyzer market.

Key Points: 
  • This article provides an overview of some key drivers as well as future directions for the electrolyzer market.
  • Water electrolyzer technologies for green hydrogen production and electrolyzer manufacturing & installation growth.
  • Certainly, growth in the electrolyzer market across all four electrolyzer types will be needed to meet ambitious national and regional targets for green and clean hydrogen production.
  • The new IDTechEx report, "Green Hydrogen Production & Electrolyzer Market 2024-2034: Technologies, Players, Forecasts", forecasts significant growth in the green hydrogen market, both in terms of project installations and electrolyzer manufacturing capacity, offering 10-year market forecasts in gigawatts (GW) of electrolyzer capacity and US$ billions (US$B) for the key electrolyzer technologies: AWE, PEMEL, AEMEL and SOEC.

IDTechEx Discusses Future Directions for the Green Hydrogen & Electrolyzer Market Growth

Retrieved on: 
Friday, March 8, 2024
Hydrogen, Oxygen, Bev, Aircraft, Seawater, Ammonia, Electrolysis, HAR1, Fertilizer, Natural gas, Transport, Hydrogen production, Growth, SMR, Renewable energy, CO2, Government, Attention, SOEC, Capital expenditure, Players, Electricity, Energy, AWE, IRA, Methanol, PEM, DOE, LCOH, Water, AEL

This article provides an overview of some key drivers as well as future directions for the electrolyzer market.

Key Points: 
  • This article provides an overview of some key drivers as well as future directions for the electrolyzer market.
  • Together, fossil fuel-based production of hydrogen accounts for over 98% of all hydrogen produced, with low-carbon hydrogen (green and blue) occupying the small remaining share.
  • Certainly, growth in the electrolyzer market across all four electrolyzer types will be needed to meet ambitious national and regional targets for green and clean hydrogen production.
  • The new IDTechEx report, "Green Hydrogen Production & Electrolyzer Market 2024-2034: Technologies, Players, Forecasts", forecasts significant growth in the green hydrogen market, both in terms of project installations and electrolyzer manufacturing capacity, offering 10-year market forecasts in gigawatts (GW) of electrolyzer capacity and US$ billions (US$B) for the key electrolyzer technologies: AWE, PEMEL, AEMEL and SOEC.

NaaS Technology Collaborates with Geely Auto to Provide Millions of EV Owners with More Accessible Charging Services

Retrieved on: 
Friday, March 1, 2024
EVS, EV, PV, BEV, AI, Politburo, Network as a service, Xinhua News Agency, Geely Auto, EPC, Methanol, Partnership, Automotive industry

As agreed, NaaS and its strategic partner Kuaidian will jointly give Geely EV owners access to a multitude of charging piles dotted around the country.

Key Points: 
  • As agreed, NaaS and its strategic partner Kuaidian will jointly give Geely EV owners access to a multitude of charging piles dotted around the country.
  • Using "one-click pile searching", "one-click charging", "one-click payment" and other convenient features at Geely Auto app, mini program and Kuaidian app, EV owners can enjoy more efficient charging and service.
  • NaaS has already worked with ZEEKR, a luxury intelligent BEV brand of Geely Auto, to provide accessible charging services for millions of car owners.
  • By leveraging developed charging solutions as well as extensive resources and experience built up on charging service market, NaaS vows to help more automakers like Geely to make EV charging more accessible, and jointly bring EV charging service to a new level."

Westport Announces Methanol HPDI™ Project with a Leading Global Supplier of Power Solutions for Marine Applications

Retrieved on: 
Monday, February 26, 2024
Torque, OEM, Project, TSX, Methanol, LNG, Carbon, HPDI, NOx, Natural gas

VANCOUVER, BC, Feb. 26, 2024 /PRNewswire/ -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (Nasdaq: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, today announced a proof-of-concept project with a leading global supplier of power solutions for marine applications (the "OEM") to test Westport's High Pressure Direct Injection ("HPDI") fuel system utilizing methanol for marine applications (the "Project"). The Project, expected to start in the first quarter of 2024, will be fully funded by the OEM, and is planned to run for approximately nine months.

Key Points: 
  • VANCOUVER, BC, Feb. 26, 2024 /PRNewswire/ -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (Nasdaq: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, today announced a proof-of-concept project with a leading global supplier of power solutions for marine applications (the "OEM") to test Westport's High Pressure Direct Injection ("HPDI") fuel system utilizing methanol for marine applications (the "Project").
  • The Project marks the potential application of the HPDI fuel system for use with marine applications, serving as an initial proof-of-concept project utilizing methanol.
  • Baker continued, "Demonstrating methanol capability with HPDI further validates our proprietary technology as an affordable solution to decarbonize the marine sector.
  • Renewable methanol produced from low-carbon sources is growing globally; according to the Methanol Institute there are more than 80 renewable methanol projects currently underway around the globe1.

Diana Shipping Inc. Announces the Signing of Shipbuilding Contracts for Two 81,200 Dwt Methanol Dual Fuel New-Building Kamsarmax Dry Bulk Vessels

Retrieved on: 
Wednesday, February 14, 2024
Bulk carrier, Capesize, Energy efficiency, WTW, Sale, Panamax, International Maritime Organization, DSX, Artemis, Zhoushan, Greenhouse gas, Marubeni, Methanol, LCA, GHG, NOx, Shipbuilding

ATHENS, Greece, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed shipbuilding contracts for two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of US$46 million each.

Key Points: 
  • ATHENS, Greece, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed shipbuilding contracts for two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of US$46 million each.
  • The vessels are expected to be delivered to the Company by the second half of 2027 and the first half of 2028, respectively.
  • When powered by green methanol, the vessels are designed to produce near-zero GHG emissions based on the well-to-wake (WTW) fuel life cycle assessment (LCA) methodology.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .

Vast and Mabanaft Secure AUD $40 Million Funding for CSP-powered Solar Methanol Plant SM1 to Help Decarbonise Shipping

Retrieved on: 
Wednesday, February 14, 2024
Other Energy, Technology, Utilities, Other Technology, Alternative Energy, Energy, Hydrogen, ASTRI, ARENA, Principal, Aviation, Methanol, Calix, Plant, Consortium, Government, SM1, EUR, CSP, Electricity, Business, Carbon, Renewable energy

“This is a giant leap for green fuel production globally,” said Craig Wood, CEO of Vast.

Key Points: 
  • “This is a giant leap for green fuel production globally,” said Craig Wood, CEO of Vast.
  • “Solar methanol, produced at plants like SM1, has the potential to make a huge difference to the transport sector where it has proven difficult to decarbonise fuel sources.
  • Vast and Mabanaft are assessing SM1 with the Solar Methanol Consortium and are supported by fellow Australian technology company Calix as Principal CO2 Supply Partner and the Australian Solar Thermal Research Institute (ASTRI).
  • SM1 will be powered by Vast’s CSP v3.0 technology, which aims to generate zero-emission heat and electricity to produce green methanol.

Celanese Low-Carbon ECO-CC Products Available Through U.S. Department of Energy Procurement Grant Program

Retrieved on: 
Monday, February 12, 2024
Chemicals, Plastics, Other Energy, Environment, Manufacturing, Sustainability, Energy, Carbon, CE, Carbon dioxide, Acetic acid, Government, Fertilisation, Mitsui & Co., CO2, CCU, Methanol, Corporation, DOE, Acetyl group, Coal

Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has been approved by the U.S. Department of Energy (DOE)’s Office of Fossil Energy and Carbon Management as a Utilization Procurement Grants (UPGrants) vendor .

Key Points: 
  • Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has been approved by the U.S. Department of Energy (DOE)’s Office of Fossil Energy and Carbon Management as a Utilization Procurement Grants (UPGrants) vendor .
  • This includes Celanese low carbon acetic acid, which uses the ECO-CC product name because it is manufactured using carbon capture and utilization (CCU) technology.
  • These product offerings have demonstrated significant net reductions in life cycle greenhouse gas emissions and passed a critical DOE review of the product’s life cycle analysis.
  • As an UPGrants vendor, Celanese has already begun working with our value-chain partners to extend product usage opportunities to eligible U.S. government entities nationwide.

IDTechEx Discusses Whether Fuel Cell Vehicles Will Succeed and What It Would Take

Retrieved on: 
Friday, February 9, 2024
Hydrogen, Tesla Model 3, Electricity, Toyota Mirai, Bev, Growth, Electronics, Mirai, Iron, Original equipment manufacturer, BEV, Methanol, DRI, Ammonia, Physics, Toyota, FCEV, Renewable energy

Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.

Key Points: 
  • Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.
  • The big advantage for FCEVs over battery electric vehicles (BEVs) is the increased potential range.
  • Compared to a BEV drivetrain requires a battery, motor, and power electronics, a FCEV requires a (much smaller) battery, motor, power electronics, fuel cell, and hydrogen storage.
  • IDTechEx's report, " Fuel Cell Electric Vehicles 2024-2044: Markets, Technologies, and Forecasts ", provides technology and market insights into the adoption of fuel cell electric vehicles for the car, van, truck, and bus market with analysis of drivers, barriers, players, models, and market forecasts for 2024-2044.

IDTechEx Discusses Whether Fuel Cell Vehicles Will Succeed and What It Would Take

Retrieved on: 
Friday, February 9, 2024
Hydrogen, Tesla Model 3, Electricity, Toyota Mirai, Bev, Growth, Electronics, Mirai, Iron, Original equipment manufacturer, BEV, Methanol, DRI, Ammonia, Physics, Toyota, FCEV, Renewable energy

Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.

Key Points: 
  • Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.
  • The big advantage for FCEVs over battery electric vehicles (BEVs) is the increased potential range.
  • Compared to a BEV drivetrain requires a battery, motor, and power electronics, a FCEV requires a (much smaller) battery, motor, power electronics, fuel cell, and hydrogen storage.
  • IDTechEx's report, " Fuel Cell Electric Vehicles 2024-2044: Markets, Technologies, and Forecasts ", provides technology and market insights into the adoption of fuel cell electric vehicles for the car, van, truck, and bus market with analysis of drivers, barriers, players, models, and market forecasts for 2024-2044.

Carnival Corporation Announces Ambitious 2024 Greenhouse Gas Intensity Reduction Projections

Retrieved on: 
Tuesday, February 6, 2024
Particulates, CCL, Nitrogen, Sheepdog trial, Noise, Methanol, International Maritime Organization, Carnival Corporation & plc, HVAC, Friction, Biofuel, LNG, GHG, Carbon, Hydrogen, Ship, Fluid, Weather, Electricity, LED, ALS, Renewable energy

MIAMI, Feb. 6, 2024 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced it is on pace to achieve an overall 18% reduction in greenhouse gas (GHG) emission intensity on a lower berth capacity basis in 2024 (compared to 2019) – just a few points shy of its 20% reduction goal originally targeted for 2030. By year end, the company expects to have reduced its GHG emission intensity by an impressive 42% on a lower berth capacity basis since its first benchmark in 2008. The company also expects this performance to put it ahead of the International Maritime Organization's (IMO) 2030 carbon intensity reduction timeline.

Key Points: 
  • MIAMI, Feb. 6, 2024 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced it is on pace to achieve an overall 18% reduction in greenhouse gas (GHG) emission intensity on a lower berth capacity basis in 2024 (compared to 2019) – just a few points shy of its 20% reduction goal originally targeted for 2030.
  • The company also expects this performance to put it ahead of the International Maritime Organization's (IMO) 2030 carbon intensity reduction timeline.
  • Carnival Corporation is executing on two parallel paths to achieve these significant reductions.
  • Since cruise ships generate their electricity from fuel, Carnival Corporation set out to uncover every area where energy can be saved and cut the amount of fuel used.