Media
Nigeria Sovereign Investment Authority and Vitol to establish carbon reduction and offset joint-venture
The Nigeria Sovereign Investment Authority and Vitol today announce that they have entered into an agreement to establish a joint venture to invest in a range of high integrity, socially impactful, carbon avoidance and removals projects. NSIA and Vitol have agreed to make an initial commitment of US$50 million to […]
Vitol’s V-Bunkers to bring electric-hybrid bunker tankers to Singapore harbour
Vitol’s Singaporean bunker operations company, V-Bunkers, has placed an order to build two electric-hybrid bunker tankers. V-Bunkers intends to deploy these bunker tankers for harbour operations in Singapore, thereby significantly reducing carbon emissions within the port. The bunker tankers are being built with Electric-Hybrid notation and will employ state of the art Energy Storage Systems (ESS) technology comprising Lithium ion batteries for […]