World News
NGO Makes Case for Greater Green Hydrogen Investment
Environmentalist ngo Transport & Environment (T&E) wants Europe's oil majors to invest more in hydrogen as transport fuel rather than biofuels.
And according to a new study published by the organisation, the opposite seems to be the case.
Europe's oil giants -- Shell, BP, Total, ENI and Repsol -- are investing in hydrogen, but only part of that investment is truly 'green', T&E said
"Where oil producers are investing in hydrogen, most is going towards replacing dirty grey hydrogen operations with blue hydrogen,which still uses polluting fossil gas," said T&E's Geert Decock.
"Instead of wasting their time on easy, short-term solutions, oil refiners should switch to producing green hydrogen and e-fuels for ships and planes today," Decock added.
T&E is an advocate for green hydrogen for ships. The group has argued that regulation should help low-carbon fuels such as green hydrogen to get established as a commercial proposition.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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