The global fuel management systems (FMS) market is projected to experience substantial growth, reaching US$ 1.0 billion in revenue by 2034. This expansion is driven by factors such as heightened concerns over energy security, the implementation of carbon pricing mechanisms, and the increasing adoption of alternative fuels. The report highlights key players in the market, their product portfolios, and the overall competitive landscape.
The cruise industry is actively investing in alternative fuels and sustainable technologies to reduce emissions and achieve net-zero emissions by 2050. The latest report from the Cruise Lines International Association (CLIA) highlights advancements in fuel flexibility, onshore power supply, and advanced wastewater treatment systems, showcasing the industry’s commitment to environmental responsibility.
The Cruise Lines International Association (CLIA) has released its annual report highlighting the industry’s progress in reducing emissions and adopting sustainable practices. The report details significant investments in alternative fuels, engine technology, and onshore power infrastructure, showcasing the industry’s commitment to achieving net-zero emissions by 2050.
Giant Cement Holding, Inc. (GCHI) has announced that its plants in Pennsylvania, including Giant Cement Company (GCC) and Giant Resource Recovery, Inc. (GRR!), were recognized with top honors in the Environmental Performance category at the 2024 Energy and Environmental Awards by the Portland Cement Association (PCA). The award acknowledges the plants’ commitment to sustainability and reduction of their carbon footprint through improved alternative fuel feed systems, lowering greenhouse gas emissions and diverting materials from landfills.
The European Union’s external auditor has raised concerns about the feasibility of a 2035 ban on new petrol car sales, citing high electric vehicle (EV) costs and a lack of credible alternative fuel options. The auditor warns that the EU may create new economic dependencies and harm its own industry if it sticks to the goal. EV production costs in Europe are high, and the bloc will have to rely on cheap imports, mainly from China, to meet the target. Alternative fuels like biofuels, e-fuels, and hydrogen remain uneconomic at commercial scale. The EU has also fallen short of its aim to set up 1 million charging stations across the bloc.
