The European Union is mandating that oil and gas companies ensure at least 50 million tonnes of annual CO storage capacity by 2030 under the Net-Zero Industry Act, turning carbon capture into a binding obligation. Companies must submit compliance plans by June 2025 or face penalties, with Denmark already investing $4.31 billion to scale up CCS efforts.
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BAR Technologies’ 37.5m WindWings have received global certification, saving 1.5 tons of fuel and 4.7 tons of CO2 daily per wing, marking a significant step toward cleaner shipping. The rigid sail system, inspired by Formula 1 aerodynamics, requires no auxiliary power and is already being adopted by early movers like Union Maritime Ltd.
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Ascenz Marorka and Emerson Marine Solutions have partnered to combine AI-driven fuel monitoring with precision flow meters, offering real-time data that could significantly reduce costs and emissions for the shipping industry. This integrated solution provides vessel operators with unprecedented transparency into fuel consumption, helping to optimize efficiency and support decarbonization efforts.
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UKs National Gas and Dutch Gasunie have signed an MoU to accelerate decarbonization through hydrogen, biomethane, and CCS, aiming to reshape Europes energy future. Their collaboration includes plans for a UK-Germany Hydrogen Corridor to boost energy security and reduce reliance on LNG imports.
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CMA CGM has launched the CMA CGM Argon, a 13,000 TEU methanol-powered container ship, marking a major step in green shipping with significant emissions reductions. This vessel is part of a $2 billion fleet aimed at scaling decarbonization in global freight.
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