IOCL agrees for oil supply contracts with Petrobras, Ecopetrol

State-owned Indian Oil Corp. Ltd. has inked long-term oil supply contracts with Brazil’s Petroleo Brasileiro SA (Petrobras) and Colombia’s state-run Ecopetrol SA, boosting the country’s energy security. The contract with Petrobras for 1.7 million metric tonne per annum (mmtpa) was inked during India’s petroleum and natural gas secretary Pankaj Jain visit to Brazil last week

HPCL-Mittal Energy to start bio-ethanol plant in Bathinda

India’s HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emissions. The plant will be operational next year. HMEL is a joint venture between state-run Hindustan Petroleum Corp Ltd and Mittal Energy Investments. India, the world’s third-biggest oil

Fratelli Cosulich selects shipyard for its first ammonia bunker vessel

Fratelli CosulichFratelli Cosulich Bunkers Singapore has signed a memorandum of understanding with Nantong CIMC Sinopacific Offshore & Engineering Co (CIMC SOE), a subsidiary of CIMC Enric Holdings, for the construction of an ammonia bunker tanker. The deal comes almost a year after the Italian owner teamed up with compatriot classification society RINA and Singapore’s ship

Mexico to build LNG hub

Mexico plans to build an LNG export hub worth between $4 billion and $5 billion in the Gulf of Mexico that will help serve European demand. The planned LNG facility in the port of Coatzacoalcos, in the eastern state of Veracruz, would transport gas by boat to Europe. Mexico does not yet commercially export LNG,

AI research foresees algae as likely alternative energy source

Texas A&M AgriLife Research scientists are using artificial intelligence to set a new world record for producing algae as a reliable, economic source for biofuel that can be used as an alternative fuel source for jet aircraft and other transportation needs. The team’s findings were published in January in Nature Communications. Ongoing research is funded

Tata Motors to expand its portfolio with alternative fuels

Tata Motors, one of top automotive companies in India, plans to expand its portfolio of commercial vehicles run by alternative fuel, said the company’s top official. There are six types of alternative fuels available in India — CNG, Compressed Biogas (CBG), autogas (LPG), ethanol-blended petrol, biodiesel and hydrogen energy. The company, he said, has been

Prime Capital’s JV to build green hydrogen plant in Finland

Prime Capital is establishing a joint venture to build and operate a green hydrogen and methane plant in Finland, with a total capacity of over 1GW. The Prime Green Energy Infrastructure Fund (PGEIF), managed by Prime Capital, has entered into a joint venture with CPC Finland to develop the project with an electrolyser capacity of

Luftcar plans to develop hydrogen fuel cell for advanced air mobility

LuftCar announces plans to develop HYDROB, a hydrogen fuel cell – battery hybrid propulsion system for the Advanced Air Mobility market. HYDROB will serve to give enough vertical thrust to lift vehicles up to 8500 lb. GVW. and cover distances up to 500 miles. LuftCar, partnered with Bosch Aviation and a few other automotive fuel

Carbon-neutral MGO can emerge as future marine fuel: DNV

Carbon-neutral marine gasoil will emerge as a strong competitor as future bunker fuels against ammonia and methanol in the shipping industry’s pursuit of decarbonization, maritime classification society DNV has predicted. In its latest annual Maritime Forecast to 2050 report, the Norwegian-headquartered organization presented 24 scenarios of future bunker mix based on which shipping companies can

Gas crisis puts LNG cargo trade concentrated in major traders’ hands

Increasing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialise and lower prices, adding to supply worries for