“Petrobras” will sell renewable bunker fuel
Brazilian “Petrobras” has received permission from the National Agency for Oil, Natural Gas and Biofuels to sell bunker fuels with renewable components, the company's press release.
B24 fuel with a very low sulfur content is obtained by mixing petroleum bunker fuel and biodiesel in a ratio of 76% to 24%. The biodiesel used is certified by ISCC EU RED (in the field of sustainable development and greenhouse gas emissions).
It should be noted that in 2020, IMO rules came into force prescribing the use of fuel with a maximum sulfur content of 0.5% in shipping instead of the previous 3.5% (with the exception of ships equipped with scrubbers).
According to S&P Global, against the background of this directive, in 2022, the consumption of low-sulfur marine fuel reached 143.1 million tons - 45% of total demand.
In addition, the World Shipping Council (WSC) recently proposed charging carbon charges from ships using high-emission fuels in favor of "clean" fuel vessels.
Energy
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In 2023, Azerbaijan produced 4 million 369.8 thousand tons of fuel (automotive gasoline, diesel fuel, and aviation kerosene), whereas last year the total volume amounted to only 3 million 906.9 thousand tons. Over the past year, fuel production in the country decreased by 462.9 thousand tons, or by 10.6%.
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According to preliminary data, in the past year, Azerbaijan's gross domestic product (GDP) amounted to 126.3 billion manats (approximately $74.3 billion at the current exchange rate), a 4.1% increase compared to 2023, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
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In 2024, the total volume of oil and condensate production in Azerbaijan amounted to 29 million 63 thousand tons, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
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The Trans Adriatic Pipeline (TAP AG) consortium has developed a roadmap for preparing to transport hydrogen, according to TAP AG. “TAP’s goal is to develop infrastructure for hydrogen transportation. We have defined a roadmap for preparing for the medium- and long-term transportation of natural gas and hydrogen blends, as well as renewable gases. A preliminary study in 2021 confirmed the potential of TAP for transporting hydrogen mixtures in the future. Currently, we are conducting pipeline material tests at an international laboratory. The results of the first tests were received in the fourth quarter of 2024 and are now under evaluation. The next round of tests has already begun, and results are expected in 2025,” said the consortium.
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