BIMCO is world's largest international shipping assocation with 2,100 members in over 120 countries.

The company agreed the sale of four US refineries over the last year alone and in July it sold its minority stake in Germany's 220,000 b/d PCK Schwedt refinery.

The first production would feed the Essar refinery at Stanlow, and a small number of local consumers, HyNet said. Essar currently produces 100 mt/d of hydrogen from fossil fuel sources at the plant, Essar Chief Operating Officer Jon Barden said.

Platts understands the Global M (IMO 9165932), now known as Global, is no longer being used as a floating storage unit for fuel oil and Marine Fuel 0.5% at Tanjung Pelepas in Malaysia's southern Johor state.

Gustavson noted that international climate change scientists working with the United Nations have identified carbon capture as a critical technology needed to help the world transition to a lower carbon future.

Platts reviews all methodologies annually to ensure they continue to reflect the physical markets under assessment.

"We plan to demonstrate receiving liquefied hydrogen from abroad in the late 2020s," ENEOS' Maeda said.

During the pilot project to March 2026 from October, JERA will switch a part of its LNG use to hydrogen.