Shipping accounts for vast amounts of carbon emissions on a yearly basis, however a new agreement aims to tackle this through the development of hydrogen-based maritime fuel in Tromsø, Norway.
bp and NYK Line have signed a memorandum of understanding to collaborate on future fuels and transportation solutions to help industrial sectors, including shipping, decarbonise.
Mexico is well-positioned to build a valuable zero carbon shipping fuels sector, as it has an abundance of renewable energy potential along with direct access to busy shipping routes.
TECO 2030 has been granted up to NOK 4 million in tax relief as indirect government support for developing solutions that will capture CO₂ in the ship exhaust and store it until the ship reaches port.
