Carbon Management

European chemical industry pessimistic for 2025, recovery not until 2026 says new report

After a sobering business year in 2024 ("lost year"), the leading European chemical companies are still not forecasting any significant recovery for 2025. A cautiously positive development is only expected in the second half of the year - provided that a global trade war or a lack of economic recovery do not thwart the forecast.

ABS approves first of its kind LCO2 barge for U.S. operation

ABS has awarded approval in principle (AIP) to Overseas Shipholding Group Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied carbon dioxide (LCO2) barge.

Sinopec sets up $690-MM hydrogen-energy-focused venture capital fund

China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 MM).

Hitachi Energy provides solution for Chinese green hydrogen-ammonia-methanol integrated project

Hitachi Energy has delivered rectifier transformers for electrolytic hydrogen to a hydrogen industry park built by China Energy Engineering Corporation (CEEC) in Songyuan, a city in northeast China.

Digital Feature: FuelEU: A growth opportunity for U.S. Midwest ethanol producers

Uniper, thyssenkrupp Uhde partner to build large-scale ammonia cracker in Germany

thyssenkrupp Uhde and Uniper are entering into a strategic partnership to bring a key technology for global hydrogen trading to industrial maturity: the large-scale ammonia cracker. In a first step, a demonstration plant with a capacity of 28 tpd ammonia will be built at Uniper’s Gelsenkirchen-Scholven site in Germany.

Eni in talks with GIP for sale of 49.99% of carbon capture unit

Eni has entered exclusive talks to sell a 49.99% stake in its carbon capture, utilization and storage (CCUS) business to BlackRock's infrastructure fund GIP.

Major collaborative research study to measure real-world hydrogen emissions

A new international research initiative will measure hydrogen emissions from operating infrastructure in North America and Europe, filling a gap where little empirical data exists today. With commercial hydrogen operations poised for global expansion, the new information will help producers, regulators, investors and others understand potential emissions sources and how to address them.

ClassNK releases report ‘ClassNK Alternative Fuels Insight (Version 3.0): Providing new information on cost simulations reflecting approval at MEPC 83

This report provides updated information on cost simulations reflecting the IMO’s mid-term GHG reduction measures approved at the 83rd session of the Marine Environment Protection Committee (MEPC 83) held in April 2025.

Bureau Veritas grants AiPs for IMODCO’s portfolio of jetty-less solutions for new energies transfers

Bureau Veritas Marine & Offshore (BV)  issued Approvals in Principle (AiPs) for a portfolio of jetty-less solutions to offshore transfer large-volume ammonia.