Trafigura

Today, we are proud to announce the signing of the first three contracts under Hydrogen Allocation Round 1 (HAR1), a pivotal step in our journey to Net Zero. These first of 11 Hydrogen projects under HAR1 will help fuel hard-to-abate sectors such as heavy transport and manufacturing, driving economic growth and reducing emissions. Fostering progress in key industrial regions across Britain, HAR1 represents a pivotal moment in delivering on the government's Net Zero ambitions. Together, we are helping to turn policy into action, driving forward a sustainable energy transition. Industry Minister Sarah Jones said: “On the heels of the recent launch of the UK's carbon capture and storage sector, we're moving swiftly to develop the infrastructure necessary for Net Zero while creating good jobs and developing the skills of the future. These projects are helping our mission to make Britain a clean energy superpower, ensuring hydrogen will become an important part of the UK’s future energy mix.” Neil McDermott, Chief Executive at LCCC said:   "We are proud to sign the first three of these pioneering contracts under Hydrogen Allocation Round 1 (HAR1) that will enable the production of 31.8MW of low carbon hydrogen. This milestone signifies our commitment to accelerating Britain’s journey towards a Net Zero future and underscores our pivotal role in delivering transformative projects, utilising cutting-edge technology, that drives decarbonisation. We are eager to partner with our new stakeholders to deliver these groundbreaking projects." Clare Jackson, CEO at Hydrogen UK said: "Signed contracts for these first three projects is a landmark achievement for the UK hydrogen sector. It demonstrates the confidence and commitment of both Government and industry in building a sustainable hydrogen sector. We look forward to maintaining this momentum and ensuring that the remaining eight projects progress swiftly. With full focus in January, we can build on these first projects and deliver a thriving hydrogen industry which will be vital for meeting the UK’s Net Zero targets, driving economic growth, and creating jobs.” Read more here ➡️ https://lnkd.in/eyrSVjn6 #HAR1 #Hydrogen #Renewableenergy #NetZero

We’re very happy to share the news that Mike O'Neill will be joining Nala Renewables as our CEO on 20th January 2025.   Mike brings 30 years of experience in the renewable energy sector, helping to advance large-scale renewable energy projects globally. Mike has a strong track record in leading and expanding energy businesses across various markets and parts of the value chain including development, M&A and investments, finance and operations.   The entire team look forward to welcoming Mike and having the benefit of his vast experience, drive and direction as we start another prosperous Nala year. For the full release click here: https://lnkd.in/ekn99WGh Julian Johnson Tola Ogunlesi Will Herlinger Rémy VEROT Stephen Riley Trafigura IFM Investors

Free to listen: Each year, Lloyd’s List likes to gather a group of industry leaders, lock them in a room and not let them leave until they have divined the fate and fortunes of the shipping industry for the year to come. And that’s what we did earlier this month in London at the annual Lloyd’s List Outlook Forum, sponsored by Lloyd's Register. Understanding the tipping points that will determine the future of the shipping industry is absolutely critical, and you can learn what to look out for in 2025 in this week’s episode of the podcast, which brings you highlights from the event in London. Joining Lloyd's List editor-in-chief Richard Meade were: 🔵 Nicholas Brown, chief executive, Lloyd's Register 🔵 Karrie Trauth, senior vice-president and head of shipping and maritime, Shell 🔵 Tanuj Luthra, chief operating officer, Zodiac Maritime 🔵 Andrea Olivi, global head of shipping, Trafigura 🔵 Michael Parker, Citi global shipping, logistics and offshore chairman and chair of the Poseidon Principles Listen to the podcast version of the panel below ⬇️ Want more insight? Download our Lloyd’s List Outlook Forum: 2025 and beyond Summary and Key Takeaways document, including the results from our Outlook survey and key quotes and charts from the event here: https://lnkd.in/eiKAVn_d https://lnkd.in/eY_vWeVS

Influence is exerted in many ways across shipping, but 15 years into our annual exercise of assessing where the power lies in the maritime sector we find the industry in a state of flux. In important ways it always has been. For all its cyclical uncertainty, political susceptibility and angina aggravating risk, the shipping industry remains the fundamental engine of world trade. Our globalised economy relies on it, countries are built on it and markets rise or fall in step with the patterns of trade left in its wake. But the geopolitical headwinds are really being felt this year. Whether it is the outsized influence of a non-state actor like the Houthis exposing the vulnerability of maritime supply chains, or the pre-emptive trade lane shifts bracing for Trump 2.0, 2024 has reminded us that shipping does not get to decide the conditions in which it operates. This, however, is more than a spot of turbulence; there are bigger forces at play. When we started this annual list, the power of the individual was already under attack. At that point, it was a battle between several shipping models, a spectrum of management styles that spanned from complete state control at one end, through mild cronyism, to the billion-dollar owner in Hong Kong or Piraeus who sat behind a battered desk in a room more suited to an impoverished private detective than a tycoon. Fifteen years ago it still seemed that it would be the pure enterprising figure of the lone capitalist taking risk that would continue to define the industry. In 2025, that figure is starting to look like a relic of the past. This is no longer just about business models. The future of shipping does not rest on shipping-specific issues. Shipping is in flux because the pricing of carbon into global trade forces us to reassess almost every aspect of the value chain shipping sits within. The changes ahead require collective action across regulation, policy, energy, finance, innovation and shipping is only a part of that systems change. Next year will be pivotal in deciding how far and how fast that system changes, and consequently this year has found many of our movers and shakers in limbo, undecided on everything from future fuels to business models. While this year’s list is still replete with the bold moves, power plays and investments you would expect from a list of the most important industry players, for now at least, the power of the individual is waning. Shipping, and the balance of power and influence within it, is about to fundamentally change. Fifteen years from now, the Lloyd’s List Top 100 is likely to look very different. You can read this year’s Lloyd's List Top 100 here: https://lnkd.in/eQdxUhi4

We are thrilled that construction work has begun on the Green Breeze 99.2MW (16*Vestas 162 6.2MW) wind park located in Galati, #Romania and to mark the occasion with a ground-breaking ceremony alongside our partners OX2.   “We are delighted to mark this important milestone for one of Nala’s largest projects to date. We will be overviewing the construction and operation of this 99.2MW onshore wind park through our active construction and asset management teams. Romania is one of Nala’s core markets with a solid outlook for #renewables and an investment grade rated country with strong government support for renewables. This also contributes to Europe’s energy independence and goals towards a more sustainable future. This achievement is a testament to the hard work of our team and demonstrates our ability to secure contracted assets and capitalise on the increased demand for renewable energy power purchase agreements from multinational organisations. We look forward to continuing this momentum in the coming months in Romania and the broader #CEE region,” said Rémy VEROT, COO at Nala Renewables.   Nala acquired the project in August this year with commissioning expected at the end of 2025. Green Breeze construction will be led by Ruben Sanchez Castro and is forecasted to produce 312GWh annually, representing the annual electricity consumption of an estimated 51,000 households and contributing to a reduction of about 150,000 tons of CO2 #emissions per year.   #Galati #energy #wind #sustainability #renewableenergy #decarbonisation Panagiotis Bourtsalas Catherine Wu Vasco Bouça Vitorio Nedas Matulevicius Calum Adamson Angus Grant Anu Onifade Will Herlinger Chiara Princi Cindy Nasser Nik Stone