• 2021 February 11 17:36

    PETRONAS and JERA elevate partnership to realise a decarbonised world

    Petroliam Nasional Berhad (PETRONAS) has entered into a Memorandum of Understanding (MoU) with JERA Co., Inc. (JERA), that will see both companies collaborate on a wide range of low-carbon energy initiatives, covering Liquefied Natural Gas (LNG), ammonia and hydrogen, in enriching lives for a sustainable future.
     
    The collaboration between Japan’s largest power generation company and PETRONAS was formalised virtually by PETRONAS Executive Vice President, Gas & New Energy, Adnan Zainal Abidin, and Corporate Vice President & Chief Operating Officer, Business Development Department, JERA, Yukio Kani.
     
    “We are proud to elevate our four-decade long relationship with JERA which will not only see us explore emerging low-carbon energy sources such as ammonia and hydrogen but also to strengthen our LNG partnership.
     
    “Importantly, the scope of collaboration also opens up opportunities across PETRONAS’ integrated value chain and beyond the borders of Japan as we seek to grow the use of low-carbon energy sources globally,” said Adnan.
     
    The signing of the MoU between PETRONAS and JERA is a result of both companies’ shared vision of achieving net zero carbon emissions. In November 2020, PETRONAS announced its aspiration to achieve ‘Net Zero Carbon Emissions by 2050” as part of its holistic approach to sustainability and to grow the business in ways that contribute positively to society and the environment.
     
    JERA, around the same time, established the ‘JERA Zero CO2 Emissions 2050’ in October 2020, which are guided by advances in decarbonisation technology, economic rationality, and consistency with Japanese government policies. As part of JERA’s net zero emissions journey, the Company will be looking into closing inefficient coal-fired generators in Japan by 2030, gradually increase mixed combustion of fossil fuels, ammonia and hydrogen at its thermal power plants and promote renewable energy development.
     
    Pursuant to the MoU, PETRONAS and JERA will intensify collaboration in the supply chains for ammonia and hydrogen fuels while continuing to advocate for the use of LNG. This builds upon PETRONAS’ position as one of the world’s largest LNG producers, experience as a reliable producer of ammonia as well as the establishment of the Company’s hydrogen business in November 2020.
     
    Today, PETRONAS is already producing blue hydrogen as a by-product from its facilities and will be exploring the commercial production of green hydrogen in the near future. Coupled with its inherent geographical advantage, expanding renewables portfolio, strong partnerships with customers and continued focus on Research & Development (R&D) of electrolyser technology, PETRONAS is well-poised to be a competitive low-carbon and green hydrogen solutions provider.
     
    In the LNG space, PETRONAS and JERA will be collaborating to grow the use of natural gas as a cleaner marine fuel through LNG bunkering solutions, in support of International Maritime Organization (IMO) regulations on greenhouse gas emissions. Through the MoU, PETRONAS and JERA will explore the establishment of a global bunkering supply network, leveraging on both companies’ experience in LNG bunkering.
     
    In November 2020, PETRONAS had completed its maiden LNG bunkering operation at Pasir Gudang, whereas JERA had completed its first LNG bunkering operation in Japan in October 2020.
     
    Established in 1974, PETRONAS is a global energy and solutions company, ranked amongst the largest corporations on Fortune Global 500®️. The introduction of PETRONAS Gas and New Energy (GNE) in 2019, which includes the LNG, Gas & Power, New Energy and Hydrogen business, enables GNE to function as PETRONAS’ one-stop centre for cleaner energy solutions. Operating in 12 countries, with more than 4,000 employees globally, GNE strives to ensure long term value creation and profitable growth for our partners by providing innovative and ‘end-to-end’ customer-centric solutions to secure new markets covering gas, renewable energy and hydrogen.


2021 September 23

10:34 APM Terminals partners with Siemens for energy optimisation and emission reduction at terminals
09:58 Torqeedo and Fassmer Shipyard announce the CIT-E Ferry - a passenger ferry for public transport
09:46 MABUX: Global Bunker Market may demonstrate firm upward evolution on Sept 23
09:29 Crude oil prices continue increasing
09:14 Baltic Dry Index as of September 22

2021 September 22

18:05 ClassNK joins as signatory to Call to Action for Shipping Decarbonization
17:47 Localization level of LK-60 icebreakers estimated at 92% in finance terms
17:20 Torvald Klaveness joins over 150 industry leaders and organizations in call for decisive government action to enable full decarbonization of international shipping by 2050
16:55 SC Zvezda counts on signing contracts for 10 tankers under Vostok Oil project in October 2021
16:31 Transition to unmanned navigation and navigation with reduced crews will be possible in Russia in three years
16:30 LR, HHI and KSOE sign MoU to develop digital twin technology for an LNG carrier
16:10 APM Terminals Pipavav marks 1,000 days of safe operations
15:39 Wärtsilä and SHI agree to collaborate on ammonia fuelled engines for future newbuilds
15:14 NAVTEK proves first zero-emissions tugboat performance
14:43 Additional EUR 90 million to be invested in Saimaa Canal infrastructure development
14:14 Valmet AB orders Agilon automated warehouse solution and overhead cranes from Konecranes
13:57 Northern Sea Route will be covered with satellite communication services – expert
13:16 ABB’s Eero Lehtovaara appointed Chair of EU association Waterborne Technology Platform
13:13 LNG bunker terminal construction begins in Bilbao
12:04 Big Data Exchange, National University of Singapore and Sembcorp Marine to explore development of sustainable ocean Data centres
11:31 Russia’s Inland Water Transport Development Concept aimed at raising IWW cargo traffic by 65%
11:08 Pier T Terminal in the Port of Long Beach begins pilot program for 24-hour cargo pickup
10:40 Vadim Shpityak appointed as General Manager of Moby Dik and Yanino Logistic Park
10:15 Tollerort to become preferred hub for COSCO services
09:57 More than 300 ships to be built by 2032 under subsidized leasing programmes
09:40 Crude oil prices increase on reduction of reserves
09:39 MABUX: No firm price trend on global bunker market on Sep 22
09:22 Baltic Dry Index as of September 21
09:13 Havyard Leirvik hands over the third and last of the ‘triplet ships’ for ESVAGT
08:35 KiwiRail gets world-first green loan certification for new ferries

2021 September 21

19:01 Grimaldi to launch the Civitavecchia-Arbatax-Cagliari service
18:05 RTCOMM and Konnect Russia agree to join hands in development of satellite communication services for sea and river ships
18:02 “K” LINE to procure 8 next-generation of environmentally friendly car carriers
18:01 Diana Shipping announces time charter contract for m/v Maera with ASL
17:54 ABS publishes guide to ammonia-fueled vessels
17:47 RTCOMM and Iridium join hands to develop mobile communication services to improve clients security in Russia’s hard-to-reach areas
17:37 AD Ports Group and the General Company for Ports of Iraq sign MoU to promote cooperation and investments
16:58 RTCOMM and KNS partner to expand ocean satellite communications services
15:36 Hydrographic survey vessel Gorizont returns from the Arctic expedition
15:11 MOL Group Adopts Car Carrier Operation Digital Transformation Promotion Project 'Mathematical Optimization': Part II
14:59 Wärtsilä signs five-year Optimised Maintenance agreement featuring latest digital innovations with STQ of Canada
14:07 New ESPO Green Guide 2021 outlines a vision for ports towards a green future
12:34 International Maritime Exhibition and Conference NEVA 2021 opens in St. Petersburg
12:12 AtoB@C Shipping orders six highly efficient 5,350 dwt hybrid vessels
11:52 Damen Shipyards Group set to develop its localization in Russia
11:31 Port Houston sets new record for containers in August 2021
11:05 ASD Tug 3010 Ice Arc4 series to be laid down for Atomflot in September 2021
10:58 Stena Line and Frederikshavn sign agreement for two fossil fuel free ferries by 2030
09:51 Average spot market price for Russian M100 product rose to RUB 25,185 pmt as of September 17
09:37 MABUX: Global bunker market turned into downward trend on Sep 21
09:33 Crude oil prices increase in expectation of Covid related restrictions to be eased
09:19 Baltic Dry Index as of September 20

2021 September 20

18:27 Strategic Marine announces new 42m Gen 4 Fast Crew Boat
18:07 FSG to build RoRo vessel with LNG propulsion for Australian company SeaRoad
17:45 Sovcomflot Board reviews Group’s results for H1 2021
17:26 Shell to build one of Europe’s biggest biofuels facilities at the Shell Energy and Chemicals Park Rotterdam
17:16 Maiden call of EMA service at Vado Ligure connecting Eastern Med with US East coast
17:00 Rosmorrechflot estimates Russia’s demand for technical ships in 2025-2030 at over 800 units
16:39 New DNV Naval Technical Assurance concept offers tailored solutions for naval verification
16:11 Vyborg Shipyard delivers second trawler of KMT01 design