Fincantieri to build hydrogen hybrid ship

Spanish Market: Electricity, Emissions, Hydrogen
25/09/20

Italian shipbuilding firm Fincantieri has started building a hybrid ship that will use hydrogen and storage systems along with diesel fuel.

The Zeus — Zero Emission Ultimate Ship — will be equipped with two electric engines, two diesel generators plus batteries and a 130KW cell that will be fuelled by about 50kg of hydrogen. The cell and storage system will provide autonomous power for 8 hours at a speed of about 7.5 knots. The ship is expected to be completed by 2021, Fincantieri said.

Hydrogen could meet 23pc of Italy's overall energy demand in 2050 — or about 218TWh — although this could rise by 100TWh once generation from fuel cells is taken into account, a recent study by Italian gas grid operator Snam concluded.

By Fabio Roccon

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08/04/25

Singapore, Chile sign Article 6 carbon credit deal

Singapore, 8 April (Argus) — Singapore and Chile signed an implementation agreement on 7 April to collaborate on carbon credits under Article 6 of the Paris Agreement. The countries will begin the ratification process and operationalise the agreement following the signing, according to Singapore's Ministry of Trade and Industry (MTI). The collaboration will involve financing towards unlocking additional mitigation potential in Chile, and "will help Singapore to meet our climate target while bringing climate investments into Chile," said Singapore's minister for sustainability and the environment, Grace Fu. The implementation agreement sets up a framework for the generation and transfer of carbon credits from carbon mitigation projects under Article 6. More information on the authorisation process for the carbon credit projects and eligible carbon crediting methodologies will be published in due course, according to the MTI. Carbon credits traded under Article 6 count towards the buyer's nationally determined contribution (NDC). Singapore submitted its new emissions reduction target in February, aiming to reduce emissions to 45mn-50mn t of CO2 equivalent in 2035 as part of its NDC. This is Singapore's second deal with a Latin American country, following an agreement signed on 1 April with Peru . Singapore has signed similar agreements with Papua New Guinea, Ghana and Bhutan. By Prethika Nair Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australian hydrogen developer IGE enters administration

08/04/25

Australian hydrogen developer IGE enters administration

Sydney, 8 April (Argus) — Australian hydrogen developer Infinite Green Energy (IGE) has entered administration the day before an application for a winding up order was due to be heard before the Western Australian (WA) state Supreme Court, filings show. IGE had been fighting an application filed by plaintiff DD Investment WA, a privately-owned company, to appoint liquidators because of unpaid debts. The firm entered administration on 7 April, financial regulator Australian Securities and Investments Commission filings show. The company's Arrowsmith project in WA was supposed to produce 23 t/d of green hydrogen with stage 1 of its scheme, at a rural site about 290km north of state capital Perth. The project's focus was developing fuel for the transport sector, with a final fortnight-long public consultation period for its environmental impact assessment scheduled to close on 12 April, according to the WA government. IGE's plans included a 100MW alkaline electrolyser and 40 t/d liquefaction system with first output in late 2027-28. It would later scale up to 42 t/d in stage 2, the developer said, with South Korean engineering company Samsung C&T backing plans in 2023 for an eventual 100,000 t/yr of production . By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Oil companies far from Paris accord alignment: Report

08/04/25

Oil companies far from Paris accord alignment: Report

London, 8 April (Argus) — None of the 30 oil and gas producers assessed are close to being in line with Paris climate agreement targets "and some have regressed", a report from think-tank Carbon Tracker found today. Carbon Tracker flagged "backsliding, particularly around oil and gas production plans" from the producers assessed in its report, Paris Maligned III . The think-tank assessed 30 of the largest producers — a mixture of corporations and national oil companies — against six metrics. These included production plans, greenhouse gas (GHG) reduction targets and methane reduction targets. It did not assess producers based in countries subject to international sanctions. "Almost all producers are planning to increase oil and gas production in the coming years… Such growth plans are at odds with the Paris Agreement's 1.5˚C target and many are incompatible with a below 2˚C scenario", the report found. The Intergovernmental Panel on Climate Change — seen as the overarching consensus on climate science — notes that a substantial reduction in fossil fuels is needed in order to reach climate goals. The Paris agreement seeks to limit the rise in global temperatures to "well below" 2°C above pre-industrial levels and preferably to 1.5°C. The only producers assessed that are not planning to increase production are London-listed independent Harbour Energy and Spain's Repsol, Carbon Tracker found. Carbon Tracker ranked Repsol highest overall for alignment with Paris agreement goals and Harbour Energy in second place. European companies were ranked more highly in line with Paris goals, with seven of the top 10 places. Three state-owned oil companies — Mexico's Pemex, Algeria's Sonatrach and Kuwait's KPC — and US firms ExxonMobil and ConocoPhillips took the five lowest places in the ranking table. "Despite some political and market headwinds, investor engagement on climate risk remains strong, particularly in Europe", the report noted. Carbon Tracker this year scored companies on the extent to which they planned to cut methane emissions — specifically "near-zero methane by 2030" across upstream activities and "midstream gas assets where applicable", it said. This is in line with the decarbonisation charter which many of the companies assessed signed up to at the UN Cop 28 climate summit in December 2023. Companies' methane reduction plans "are typically more climate-aligned than their overall GHG targets", the report found. But "there is still considerable room for improvement because significant sources of methane emissions are overlooked", it added. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Colombia's renewables grow, but gap looms

07/04/25

Colombia's renewables grow, but gap looms

Bogota, 7 April (Argus) — Development of non-conventional renewable (NCRE) generation has picked up in Colombia, but the pace is still not fast enough to cover a projected generation shortage by 2027-2028. Colombia will likely reach 2.55GW in installed NCRE such as solar and wind — excluding large hydropower — by the end of 2025, up from 1.88GW at the end of 2024, Colombian renewable association SER director Alexandra Hernandez told Argus at the Colombia Genera conference held last week in Cartagena. About 670MW from 19 medium and large NCRE plants worth $500mn will likely come online in 2025, Hernandez noted. Of that total, 30MW in two projects came online in January and the balance of 640MW is under construction, according to Hernandez. The plants will reduce emissions by 1.1mn metric tonnes (t) CO2/yr compared with conventional generation. For 2026, 419MW in NCRE could come online. NCRE will comprise a 12pc share of Colombia's generation capacity in 2025, up from 10pc in 2024. But Colombia will fail to meet its target of 6GW in NCRE by August 2026, when the administration of president Gustavo Petro ends, former minister of mines and energy Amylkar Acosta said. Colombia will likely will end 2026 with 3GW, Hernandez noted. This comes despite Petro's support for renewable energy and ambitions to phase out hydrocarbons use. Much of the NCRE development is focused on the dry, windswept department of La Guajira that borders Venezuela and juts into the Caribbean. US firm AES' will start building the first 259MW phase of its 1.1GW Jemeiwaa Ka'I wind complex there later this year, AES's general manager Federico Echavarria said at the Colombia Genera conference. "Our biggest bet is La Guajira," Echavarria said. Last year, Colombia's environmental regulator Anla approved a transmission line connecting 648MW of planned wind capacity in the La Guajira area to the national grid. The 500kV Casa Electrica-Colectora transmission line and substation will connect with Grupo de Energia de Bogota's 500kV Colectora transmission line. Colectora has begun construction and should come online in 2026, a delay from its original 2022 start date. La Guajira has Colombia's greatest renewable power potential, including 21GW of wind power potential, according to state planning agency UPME. But delays to key transmission projects and lengthy community consultations impeded development. Italian power company Enel suspended indefinitely construction of a 205MW wind farm in the Windpeschi region, but state-controlled oil company Ecopetrol is seeking authorization to buy it. Projects advancing in other departments include the 200MW Orquidea solar project in the Caribbean province of Bolivar, which recently earned an environmental permit that clears the way for construction. Running out of time But this new generation capacity will not cover an expected supply shortfall. Colombia is forecast to have a gap of around 2,000MW by 2027-2028 assuming baseline consumption, and 3,000MW-6,000MW if demand rises further, several electricity associations have said. Renewables could help fill this gap, as the construction is fairly quick once permits are secured, the renewables group SER said. But 47pc of renewable power companies were unable to complete their planned investments in 2024, with permitting delays among the top reason, the group found in a member survey. Permits from the government's mining and planning unit UPME takes nine months, compared with the two months stipulated by the law. Regional entities take twice as long to issue a permit than the legal limit. The government will push to do more, energy and mines minister Edwin Palma said in Cartagena. "We are convinced and committed to ensuring that expansion projects are carried out," he said. "We will work with the ministry of the interior to expedite licenses." By Diana Delgado Colombia's power generation mix % Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Atome signs EPC contract for Paraguay CAN project

07/04/25

Atome signs EPC contract for Paraguay CAN project

Singapore, 7 April (Argus) — London-listed energy firm Atome has signed a definitive engineering, procurement and construction (EPC) contract with Swiss contractor Casale for its renewable CAN project in Paraguay. Atome has signed a fixed-price $465mn EPC agreement with Casale for the 260,000 t/yr CAN plant at Villeta, Paraguay. The deal marks the latest step towards Atome taking a final investment decision for its project targeting towards the end of the first half of 2025, the firm said today. This follows Atome's agreement with French clean hydrogen infrastructure fund Hy24 earlier this year. The CAN at the plant will be made using ammonia produced from hydroelectricity, and output is scheduled to start in 2027. Atome is targeting first sales of "green" fertilizer in 2028. The project, when complete, would be the world's first large-scale carbon-free fertilizer facility. By Dana Hjeij Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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