MOL and DSME receive AIP for FSRU cryo-powered regas system

first_imgMOL and DSME have been jointly developing this “Cryo-Powered Regas” system to enhance fuel consumption efficiency and reduce CO2 emission of FSRU AIP certificate acquisition (from right: MOL Nakano Executive Officer, Kawagoe Senior Managing Executive Officer). (Credit: Mitsui O.S.K.Lines) Mitsui O.S.K. Lines, Ltd. (“MOL”; head office: Tokyo, Japan; President & CEO: Junichiro Ikeda) and Daewoo Shipbuilding & Marine Engineering Co., Ltd (“DSME”; head office: Geoje, Korea; President & CEO: Sung Geun Lee) have jointly obtained “Approval in Principle (AIP)” from Bureau Veritas for the design of a new cold energy use regasification system, “Cryo-Powered Regas”, for Floating Storage and Regasification Unit (FSRU).MOL and DSME have been jointly developing this “Cryo-Powered Regas” system to enhance fuel consumption efficiency and reduce CO2 emission of FSRU.For the “Cryo-Powered Regas” system, a cold power generation technology based on Organic Rankine Cycle will be implemented in the FSRU regasification process.The “Cryo-Powered Regas” system, which MOL and DSME obtained the AIP this time, will enable to utilize the LNG cold energy as power generation by adopting the Organic Rankine Cycle in the FSRU regasification process. The system is targeted to reduce the fuel gas consumption and CO2 emission for FSRU approximately 50% by recovering approx. 70% of the power consumption in the regasification process at maximum rated regas flow rate.Organic Rankine Cycle system itself is a proven technology that has been utilized in multiple onshore LNG terminals for around 40 years. This will be however the world’s first case to adopt the system for FSRU. Source: Company Press Releaselast_img read more

Read more →

NextDecade and Mitsubishi Heavy Industries America execute engineering services agreement for carbon capture at Rio Grande LNG Project in Texas

first_imgThrough NEXT Carbon Solutions’ CCS project at Rio Grande LNG, NextDecade and MHIA will contribute to solving the global challenge of effectively reducing greenhouse gas emissions Rio Grande LNG Project in Texas. (Credit: Business Wire) NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Mitsubishi Heavy Industries America, Inc. (MHIA), part of Mitsubishi Heavy Industries (MHI) Group, have announced today that they have signed an engineering services agreement (ESA) for the design, license, and performance guarantee of the KM CDR Process, a post-combustion carbon capture technology to be applied at NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.Last month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest carbon capture and storage (CCS) projects in North America at Rio Grande LNG. NEXT Carbon Solutions’ CCS project at Rio Grande LNG is expected to enable the capture and permanent geologic storage of more than five million tonnes of carbon dioxide (CO2) per year.MHI Group has developed the KM CDR Process over three decades; the KM CDR ProcessTM is owned by Mitsubishi Heavy Industries Engineering, Ltd., part of the industrial group. MHI Group has deployed 13 carbon capture systems around the world, including the world’s largest post-combustion carbon capture facility that is comparable in size to the first phase of the carbon capture project at Rio Grande LNG.“We are pleased to have executed an ESA with MHI Group, a widely recognized leader in commercial-scale carbon capture technology,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “MHI Group’s carbon capture solution is an ideal complement to NextDecade’s proprietary processes. We look forward to working with MHI Group on the CCS project at Rio Grande LNG, which we expect to be the greenest LNG project in the world.”“We are proud to work with NextDecade on this world leading project,” said Yoshihiro Shiraiwa, MHIA’s President and Chief Executive Officer. “This will be the world’s first application of post-combustion capture for LNG, and we expect this initiative will contribute to realizing carbon neutrality in the years ahead. MHI Group is committed to being an innovative solution provider as the energy industry transitions to lower carbon options. We will work diligently with NextDecade to bring this project to fruition.”Through NEXT Carbon Solutions’ CCS project at Rio Grande LNG, NextDecade and MHIA will contribute to solving the global challenge of effectively reducing greenhouse gas emissions. Source: Company Press Releaselast_img read more

Read more →

More protests over lapdancing plans

first_imgAn estimated two hundred people gathered in Bonn Square last Saturday to protest against lap dancing at Thirst Lodge.Members of St. Ebbe’s Church, local residents, students and leaders of the local Muslim community came together to protest against the establishment of Thirst Lodge as a sex encounter venue.Kat Wall, OUSU’s Women’s Officer, told Cherwell, “We’ve come together with various different groups from across the community to say that we don’t want lap dancing to take place here. The main reason for this protest is, basically, we’re very concerned about the harms that will be put on many members of the community.”Oxford City Council leader, Bob Price, urged the public to sign a petition against the Lodge’s plans to host lap dancing. He said, “We’re very opposed to this application because it runs entirely counter to our image of what the city centre should be about, and as many speakers this afternoon have said, it would certainly raise the possibility of more crime and violence and attacks on women in this area.”An online petition campaigning against lap dancing at Thirst Lodge on the grounds of the prevention of crime and disorder and the prevention of public nuisance has over 1000 signatures.last_img read more

Read more →

Macphie

first_imgMacphie of Glenbervie’s (Stonehaven, Kincardineshire) market research shows that, consumers are keen to try new flavours in hot cross buns, with apple and cinnamon, lemon and raisin and chocolate versions all making an appearance in the market last year, as well as mini versions for children, and hot cross bun loaves.Macphie’s Easter ingredients include Spiced Bun Concentrate, ready-to-use Crossing Paste and Macphie Sweet Glaze.last_img

Read more →

Convention Bureau to hold sales blitz

first_imgVERMONT CONVENTION BUREAU TO HOST TELEPHONE SALES BLITZCampaign Precedes Sales Mission to Nation’s CapitalThe Vermont Convention Bureau (VCB) will be holding its first-ever PhoneSales Blitz at the Sheraton Burlington Hotel and Conference Center onOctober 23, from 8 a.m.-5 p.m. This unique event will serve as thekickoff for the VCB’s upcoming Sales Mission to Washington, D.C. byqualifying meeting planners in the Metro D.C. area and generating businessprior to the trip.With help from sixteen hotel sales professionals, the Sales Blitz willcreate business for Vermont by raising awareness of the state as a premierlocation for associations, corporations and professional organizations tohost meetings and events.”Vermont offers so many of the things that meeting planners look for in aconference destination,” said Cindy Locke, Director of Sales for the VCB.”We have world-class accommodations, plenty of year-round attractions andprovide an inspiring backdrop for both work and relaxation while helpingboost the state’s economy.”The VCB will be in Washington, D.C. January 27-31, 2003 to meet with over250 professional meeting planners. As part of the visit, the VCB, inpartnership with the Vermont Department of Tourism and Marketing, willhost a media event and reception in the Vermont Room of the Daughters ofthe American Revolution headquarters building.For more information or to participate in the 2002 Vermont Meetings PhoneSales Blitz, contact Cindy Locke at 802-863-3489 ext. 204 [email protected](link sends e-mail).The Vermont Convention Bureau is a division of the Lake Champlain RegionalChamber of Commerce and partner of the Vermont Department of Tourism andMarketing. The VCB aims to strengthen the economic vitality of the stateby promoting it as a preferred meeting and convention destination. Visitus on-line at www.vermontmeetings.org(link is external).last_img read more

Read more →

Pennsylvania dog defends owner from rabid raccoon while hiking

first_imgThe man fell and was bitten several times by the raccoon before the dog sprung to action, pulling the raccoon off of the man and immobilizing it. The raccoon subsequently tested positive for rabies. The man was taken to an area hospital where he will receive proper treatment. Fasha the dog was uninjured. Rabid Raccoon Attacks Owner of Hero Dog A 60-year-old man and his black lab, Fasha, were hiking in the Pocono Mountains on the Pennsylvania side of the Delaware Water Gap Recreation Center when a rabid raccoon “came out of nowhere” and began lunging at the man’s legs. last_img

Read more →

‘Monsters of the James’ Kayak Fishing Tournament for 2020

first_imgDominion Energy Riverrock will hold the festival’s first-ever fishing tournament with the ‘Monsters of the James’ challenge taking place on Saturday, May 16, at 7 a.m., in partnership with the Virginia Department of Game and Inland Fisheries (DGIF). Registration is currently open for the catch-and-release tournament, where teams of one or two anglers will paddle kayaks or canoes in the James River at Ancarrow’s Landing to reel in catfish. The overall winners will be determined based on the cumulative length of a team’s three largest catfish. “Dominion Energy Riverrock is a celebration of the James River and all the adventure opportunities it provides in Richmond, so it makes perfect sense to bring this new challenge to the festival,” said Megan Schultz, Director of Events for Sports Backers. “The kayak and paddle events in the James are always popular with participants and spectators and the anglers taking part will bring even more excitement to the festival experience.” “The Monsters of the James fishing contest will showcase the world-class blue catfish fishery that we have in the James River. These are some of the biggest fish available to anglers in Virginia. They regularly exceed 60 pounds, and they are found right in Richmond’s backyard,” said Dr. Mike Bednarski, DGIF Chief of Fisheries. “We’re very excited to see the results and to have fishing highlighted as the adventure sport that it is at Dominion Energy Riverrock.” The total score will consist of the cumulative length of the team’s three largest catfish. Species allowed are blue, flathead, channel, and white catfish, as well as yellow, brown, or black bullhead. All teams must be registered by May 2, and the competition will be capped at 25 teams. center_img The competition will begin at approximately 7 a.m., following a ‘blast off’ notification from the tournament director, and all competitors must be back at the Ancarrow’s Landing launch area by 1 p.m. For scoring purposes, anglers should photograph any fish that they wish to enter on a measuring board, and to be eligible for scoring, all fish must be released alive. During the event, DGIF officials will handle all on-water operations taking place. Full event details and registration are available at www.riverrockrva.com.last_img read more

Read more →

Venezuelan Service Members Rule Gasoline Black Market

first_imgBy Diálogo June 29, 2020 On May 18, a commission of Venezuela’s General Military Counterintelligence Directorate (DGCIM, in Spanish) arrested eight service members belonging to units of the Bolivarian National Guard (GNB, in Spanish) and the Bolivarian Navy, stationed in Bolívar state.According to the Infobae news agency, Military Prosecution representatives stated during the first hearing that the detainees were connected to members of the criminal gang El Ciego, which operates in the mining town of La Paragua, Bolívar state. The indictment says that the service members were paid in gold, in exchange for supplying fuel tanks to criminals, who resold them to drivers at different supply points in the state’s south.Among the arrested service members are GNB Lieutenant Colonel Pedro José Arévalo, commander of the 620th Detachment, and Bolivarian Navy Commander Robert Casanova Mora, chief of the 52nd Riverine Marine Corps.The investigation revealed a pattern of relationships that has been replicated in different parts of the country, where service members use their control over most phases of hydrocarbon commercialization in order to obtain profits on the black market. According to Asdrúbal Oliveros, director of Ecoanalítica, a Venezuelan economic and financial consulting firm, this situation tends to worsen the shortage of fuel.“Now it makes perfect sense for the government to let the black market grow. This becomes a source of income for military groups and also prevents a political breakdown,” he said.According to Oliveros, the country’s paralysis worsened after the national emergency decree was issued on March 13. Fuel consumption declined from 180,000 barrels a day to 90,000, he said. Current production, however, doesn’t even cover half of the fuel required to satisfy domestic demand.Estimates vary regarding the percentage of gas diverted to the black market. According to Oliveros, it could be 60 percent. By contrast, Juan Fernández, representative of the Venezuelan civil association Gente del Petróleo (Oil People), thinks it’s about half.Both experts agree that the black market for gasoline has been growing, not only in places where it already existed, such as the Andean states, but also in the country’s capital, where prices on the illegal market doubled in the second and third weeks of May, reaching up to $3 per liter.As the fuel shortage worsened, the Ministry of Defense ordered the GNB and the other components of the Bolivarian National Armed Forces to take control of gas stations. This includes surveillance over the long lines leading up to the gas pumps. The mission is not free of conflicts. On May 14, drivers, who said to have been waiting for two days, blocked the highway connecting Caracas with Guarenas (a city in Miranda state) when service members assigned to a gas station reduced the gas quota to less than 10 liters per vehicle.According to Mercedes de Freitas, director of the nongovernmental organization (NGO) Transparencia Venezuela, the black market’s process begins with making profits  by giving preferential places to drivers in the waiting line. De Freitas explains that the black market’s dynamics can be seen when traveling along the Caribbean Transverse Highway, which connects Zulia state with the Colombian city of Maicao.“Near the Paraguachón border crossing [a community in Maicao], the Army is there for two illegal reasons: selling gasoline and seizing goods […]. Everything happens with the National Armed Force’s approval,” she said.The NGO spokesperson explained that the national oil industry crisis changed the way criminal groups with military participation operate, as they no longer facilitate the passage of gasoline from Venezuela to Colombia.“Since there’s no gasoline, it’s not possible to send it abroad, which was a huge business. But they do sell it here,” she added.“The root problem is that Venezuela will not be able to solve this issue completely, as long as the regime continues to lead the operations of this business,” Fernández said.last_img read more

Read more →

How to talk finance: How and why every generation spends their money

first_imgParticularly in the consumer finance market—personal loan, insurance, and credit products have a staying power, but there is a need to remind consumers how these products can benefit them. In order to reach and connect with your audience, it is important to remain relevant and anticipate what their needs are and will be. By understanding what those needs are, lending institutions can continue to offer the right loan, insurance and credit solutions to their customers.Click here the form to download “How to Talk Finance: How and Why Every Generation Spends Their Money” to get answers to learn more about generational financial needs and expectations. 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

Read more →

Castor Maritime Buys Third Panamax Bulker

first_imgCyprus-based dry bulk shipping company Castor Maritime has acquired its third Panamax dry bulk carrier under an agreement signed on October 14.The company said the purchase price of the Japan-built bulker was USD 10.2 million.It also added that the 2005-built unit is expected to be delivered by the end of the month.The company did not reveal the name of the vessel or its seller, adding only that it was acquired from a third party in which a family member of Castor’s Chairman Petros Panagiotidis has an interest.The latest acquisition brings the total number of vessels in the company’s fleet to three, with this being Castor Maritime’s second ship purchase since it listed on NASDAQ in February 2019.“Consistent with our ambitious growth plan, we remain focused on seeking out future opportunities to expand our fleet in a manner that will be accretive to both our earnings and cash flows,” Petros Panagiotidis, Chairman, Chief Executive Officer and Chief Financial Officer of Castor, commented.last_img read more

Read more →