Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
“An alarming series of top secret industry reports is painting a picture of a hazardous new fuel (called Very Low Sulfur Fuel Oil or VLSFO) having been introduced into the fuel tanks of global shipping, without sufficient safety testing, training of crew, or regulatory oversight.”
https://www.hellenicshippingnews.com/shipping-gate-why-toxic-vlsfo-frankenstein-fuel-is-such-a-danger-for-the-planet/
This VLSFO (fuel ) is not only toxic with the stability chemicals and the emissions of nox, and pm2.5s when combusted but also creates significantly more CO2 during its creation of sulphur reduction processing. It’s Truly a criminal act that the refiners and users are embroiled on under the pseudo act of protecting the environment and paying a premium for doing so, a dollar premium and environmental premium . Meanwhile qfi produce a low cost plug & Play alternative that can have a better environmental impact when used in conjunction with exhaust gas abatement systems but is sidelined because the industry wants carbon neutral options before they exist and so they continue to burn/emit the toxic stuff......shameful really. It’s all about profit whilst being seen to be working within the regulatory framework........smoke and mirrors.......only they are and will be found out, what goes around comes around!
Cummins marine diesel engine power a wide range of applications, such as:
Cargo ships
Coastguard & patrol boats
Dredging
Ferries
Fishing
Motor boats
Offshore support
Tugs
Yachts
https://www.cummins.com/en/eu/engines/marine
Well seems to be a change from the down side thanks to those insider Liberians, seems they have more foresight than others. What opportunities exist there for fuelling more than the tuk tuks?
Are we on the rise? What’s occurring?
https://m.youtube.com/watch?v=M5Z9-QCmZyw&feature=youtu.be
Rice could become part of Maersk's future fuel mix. Maersk is considering rice as part of its mix of future fuels in the liner company's efforts to become carbon neutral in 2050, writes Børsen.
https://shippingwatch.com/carriers/Container/article12613186.ece
A whole division with a budget of $millions working on alternative fuels and they come up with rice.
https://www.independent.co.uk/environment/rice-farming-climate-change-global-warming-india-nitrous-oxide-methane-a8531401.html
I wonder if the greener MSAR will prick up there ears, anyway glad QFI recently announced they are not in any further discussions, lunches or dinners with Maersk.
Should have gone to:-
https://www.youtube.com/watch?v=qDwK_AUk0FI
Maersk Product Tankers completes a large sale of 14 product tanker vessels, and the company immediately charters nine of them back on bareboat contracts.
https://shippingwatch.com/carriers/Tanker/article12613035.ece
Hi B.P, not sure if strawberry Jam is the specific derivative mentioned in the AGM.....could be but we were told, a derivative of Biofuel production is what goes into the green MSAR of tomorrow, we are told all will become clear once the impending patent is filed before year end.
Watch this space......news coming shortly.......
“With a strong message, the IMO has now put in place a 50% emissions reduction target by 2050. The targets are green, but as some international shipping organizations, such as the Danske Rederier, already warned the measures will not be applicable and reach the set targets. As Maria Skipper Schwenn of Danske Rederier said, “the regulations are a stumbling block for a real transition to carbon neutrality because they don’t reward ships for performing well”.”
https://www.fxempire.com/news/article/climate-iceberg-threatening-international-shipping-lines-684899
Scato wrote:- “Halifax (iWeb) are closed for the weekend but online I couldn’t find a way to vote electronically”
It’s not possible to vote electronically with iWeb presently, you either have to be registered to receive mail by post or you can call in and speak with them, they say they can take and submit your instructions which I did last week. Note they probably will not have a copy of the resolutions to hand so when you call in be pre prepared with your voting instructions for resolutions 1-6 which you choice for, against and abstain. For info I abstained from resolution 6 but in hindsight and having seen other folks views I would have voted against as I think the board have had too much carte blanche as it is and I’m taking a balanced view with abstaining but it certainly appears that the board have put there own interests before the shareholders and if this does turn out to be the case then a leopard doesn’t change its spots.
If they could pull that one off ian, it could blow the roof off goodfuels, certainly would give them cause for concern, hey maybe they could or are collaborating already.
https://steelguru.com/logistic/hopper-dredger-sails-2-000-hours-on-100-sustainable-marine-biofuel/563809
The report from CE Delft confirms recent statements from Quadrise stating the CO2 benefits of using MSAR in conjunction with scrubbers are lower when compared to the CO2 emissions processing low sulfer fuel ("cradle to grave" or "well to wake"). In essence using MSAR or synthetic fuel oil with ship scrubber or exhaust gas abatement results in 1/lower CO2, 2/ Scrubbed sulphur which is not discharged to atmosphere, 3/ Negligible particulate matter discharged aka clean burn, significantly reduced NOX.
------------------------------------------------------------------------
A recent report from CE Delft, an independent research and consultancy organization, regarding the climate impact of Exhaust Gas Cleaning (EGC) systems for the marine industry. The study compares the results to the use of low-sulfur marine fuels and is made from a well-to-wake perspective in order to achieve an accurate comparison.
The report concludes that the environmental impact of EGCs will be less than that of low-sulfur marine fuel. It notes that CO2 emissions associated with producing and installing an EGC system are small compared to those generated when operating the system.
The CO2 emissions are mainly related to the energy demand of the system’s pumps, which typically result in a total increase in CO2 emissions of between 1.5% and 3%.
By contrast, with de-sulfurized fuels the overall CO2 footprint increase is a result of the refining processes. Theoretical calculations range from an increase in CO2 emissions of 1% to as much as 25% when removing the sulfur content of the fuel.
https://www.greencarcongress.com/2020/09/20200928-scrubbers.html
Prepare for today and tomorrow
A technology first and regulatory agnostic approach offers a pragmatic solution that challenges the operational shortcomings of incumbent, outdated air pollution abatement technologies – meaning we can make strides in reducing environmental impact in the near as well as long term. Moreover, enabling shipowners and operators the scope to invest now in technology that will future proof their assets against all environmental regulatory changes just makes sense.
https://splash247.com/scrubber-2-0-re-thinking-conventional-wisdom/
Am hoping Shell have better luck with Altalto:
https://www.abc.net.au/news/2020-08-21/worlds-largest-floating-lng-factory-remains-in-shutdown/12565490
The answers and comments provided by respondents suggest that the transition to IMO 2020 compliant fuel oil (0.5% sulfur) has not been without problems. Fully 86 percent reported some amount of experience with off-spec or poorly-performing fuel.
With fuel oil properties fluctuating, it is causing quality and safety problems that will likely continue to be a challenge for the global shipping industry. One of the challenges is in formulating the new blend proportions and feedstocks in order to create fuel mixtures that comply with the IMO’s new 0.5 percent sulfur limit, says Olivier Baiwir, the managing director at Aderco, the fuel treatment technology specialists.
“Issues such as increased sludge deposits, wax, increased wear and tear due to cat fines, poor ignition, fuel oil pumps seizures, as well as loss of propulsion,” reported in the BIMCO study, “very much mirror requests from ship owners, ship managers and ship operators, seeking assistance as how best to handle the situation using our products, both as a preventative measure and remedy,” said Baiwir.
https://www.maritime-executive.com/article/fuel-specialist-agrees-with-bimco-report-on-fuel-quality-and-safety
Would that Rocket Ship be going to the moon or infinity......and beyond..............................................
B.P Did you mean loo paper?
Sorry, couldn't resist......
Market participants expect demand for the grade to continue to increase gradually in the second half of the year as more vessels complete scrubber installations. Scrubbers, designed to remove sulfur oxides from the ship’s engine and boiler exhaust gases, allow ships to use heavy fuel oil since the emissions will be reduced to the required fuel oil sulfur limit.
“There are some smaller shipping companies that have cancelled their scrubber installations due to cost-cutting measures [in light of] the pandemic, but the larger companies are still on track with their installations, so demand for HSFO should be there,” a shipowner said.
“I wouldn’t be surprised if HSFO [makes up] 25% of total bunker sales in Singapore by the end of the year with completing scrubber installations,” the second trader added.
https://www.hellenicshippingnews.com/singapores-high-sulfur-bunker-fuel-demand-supported-in-h2-after-record-june-sales/
Bertie are you a troll or a dweeb, I’ll spend another millisecond working on that one. Thanks for your insight..........