Methanex Corporation to acquire OCI Global’s methanol business

Methanex Corporation announced that it has entered into a definitive agreement to acquire OCI Global’s international methanol business for $2.05 billion. The transaction includes OCI’s interest in two world-scale methanol facilities in Beaumont, Texas, one of which also produces ammonia. The transaction also includes a low-carbon methanol production and marketing business and a currently idled

India plans to push LNG for trucking in bid to curb emissions

India is looking to liquefied natural gas to reduce pollution from its trucking industry. The Oil Ministry plans to encourage the conversion of a third of existing long-haul trucks to the super-chilled gas from diesel, according to a draft policy. It also plans to mandate that a third of new trucks run on LNG. A targeted approach will

98.1% Bengaluru respondents push for EV transition of fleets for last mile delivery

For 98.1 per cent of respondents from Bengaluru, EV transition of fleets by companies is ‘very important’ to ‘somewhat important’ in reducing air pollution and emissions, according to a study released by Sustainability Mobility Network (SMN). The study, ‘Consumer Perceptions & Insights in the Last Mile Delivery Sector for the Transition to Electric Vehicles (EV)’,

EVs will cost the same as ICE vehicles: Nitin Gadkari

Within 2 years, the cost of petrol and diesel vehicles will be the same as that of an Electric Vehicle (EV), said Transport Minister Nitin Gadkari while addressing the 64th ACMA annual session. Minister also said that he doesn’t have a problem with the Finance Minister giving subsidies on EVs after earlier suggesting that subsidies

MNRE to launch green hydrogen certification scheme

The ministry of new and renewable energy has released a draft proposal for the Green Hydrogen Certification Scheme of India. The Bureau of Energy Efficiency would be the nodal authority to accredit agencies for monitoring, verifying and certifying green hydrogen projects, as per the draft. The ministry is seeking suggestions from stakeholders by September 27.

First solar park starts solar power generation in Maharashtra

THE first solar park of 3 MW capacity under the MahaYuti Government’s ambitious Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0 has been activated in Dhondalgaon village in Chhatrapati Sambhajinagar district. Nearly 1,753 farmers will get 12 hours of uninterrupted power supply during day time from this project. The solar energy project which started power generation

Ministry of Steel organizing an event Greening Steel: Pathway to Sustainability

Ministry of Steel is organizing an event ‘Greening Steel: Pathway to Sustainability’ on 10th September, 2024 at C.D. Deshmukh Hall, India International Centre, New Delhi. The representatives from different Ministries, CPSEs, Think Tanks, Academia, Institutions and steel industry players will be participating in the event. A Panel discussion session on ‘Leadership and Innovation: Driving the Green

World’s first hydrogen-powered tram service suspended

When the Gaoming Modern Tram Demonstration Line in China’s Foshan City was opened in December 2019, fitted with two 200kW hydrogen fuel cells, it was hailed as the world’s first ever hydrogen-powered tram service. But now, after four and a half years of operation, the 6.5km line has reportedly been suspended with no timetable for

Methanol-powered container ship now in regular service

Maersk has deployed its latest and largest methanol-powered ship on the transoceanic weekly route between the Port of Gothenburg and Asia. This means that the Port of Gothenburg now has two methanol-powered container ships that regularly call at the port. The new ship, Antonia Maersk, with a cargo capacity of 16,592 TEU (twenty-foot equivalent units),

Peninsula tied to a pair of LNG bunker newbuilds

Fuel supplier Peninsula has been linked to a pair of LNG bunker vessel newbuilds in South Korea. Shipbuilding sources suggest the Gibraltar-based tanker and bunker group is behind an order for 18,000 cu m ships announced on Thursday at HD Hyundai Mipo. The newbuilds, priced at about $93m each, should deliver by November 2027. Peninsula