Mining Giant Vale Orders World's First Ethanol-Powered Giant Bulkers
Vale reports it has entered into an agreement with China’s Shandong Shipping Corporation to build the first large ocean-going vessels that will use ethanol as their primary fuel. It is an adaptation of its current design for the massive Guaibamax vessels (325,000 dwt) and follows news from earlier this year that reported Vale and Everllence were working on ethanol as a marine fuel for its engines. According to Vale, the agreement with Shandong includes 25-year contracts for the construction of...
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