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 | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
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