Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, announced that it raised $56 million in venture financing, bringing total raised since inception to more than $270 million.The round was co-led by existing investor Aramco Ventures and new investor SV Investment.
In April this year, the IMO Marine Environment Protection Committee approved guidance on in-water cleaning of ships' biofouling and also approved a proposal for the development of a legally binding framework for the management of biofouling.The move comes in recognition that biofouling is a key contributor invasive species and to greenhouse gas emissions.
Provaris Energy has received approval from its development partner Yinson Production to commence the front end engineering design (FEED) development for its proprietary large-scale low-pressure liquid CO2 (LCO2) tanks for integration with Yinson’s floating storage injection unit (FSIU).Yinson will fund 100% of the FEED phase, and first deliverables are scheduled for December 2025.
The insurance issued to dozens of ageing oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents.Norway-registered Romarine AS purported to be an insurance provider with a website listing dozens of tankers believed to be part of Russia's shadow fleet