Tag: California
STAX Engineering Secures $40M Funding Round for Maritime Emissions Control
STAX Engineering, a pioneer in maritime emissions capture and control, closed a $40M funding round led by Upper90, a leading provider of hybrid growth capital. Upper90 has provided flexible capital to finance the build out of STAX’s fleet of mobile emissions capture and control barges; the expansion will accelerate over the next six months to…
Coast Guard will not enforce new California rule, citing ‘safety concerns’
The U.S. Coast Guard says it “will not enforce” a new California Air Resources Board regulation, citing “safety concerns.” The Coast Guard and business organizations oppose CARB’s requirement that commercial harbor craft install diesel particulate filters (DPF) linked to a number of fires. Seventeen states are suing the Environmental Protection Agency for giving an exemption…
NYK to Recover Emissions from Car Carriers at Berth in California
NYK concluded an agreement with STAX Engineering Pty Ltd. (STAX), a U.S. company leading in maritime emissions capture and control, to use its emissions capture and control technology to recover exhaust gases from ships. NYK will use this technology to recover exhaust emissions at berth from NYK-operated car carriers calling at ports in the U.S.…
Tanker Demand in California Could Be a Sign of the Future
The long term demand for crude oil in the state of California, could be a sign of things to come for the tanker market, as the world, gradually, moves towards cleaner energy sources. In its latest weekly report, shipbroker Gibson said that “the state of California is a unique case in the US energy market,…
