Union Budget gives boost to energy transition projects

Finance minister Nirmala Sitharaman announced policy measures that will expedite energy transition away from fossil fuels, and help companies access cheap credit for green projects that are key to curbing carbon emissions. In her budget speech, Sitharaman said that the government will soon come out with a taxonomy for climate finance, which will make it

Govt to partner with private players to set up nuclear reactors

Union Finance Minister Nirmala Sitharaman announced the government’s decision to partner with the private sector to create small and modular nuclear reactors and conduct research on newer nuclear technologies, unveiling a significant initiative aimed at improving India’s technology and infrastructure for the efficient production of nuclear energy. Creating small and modular reactors indicates a departure

Kawasaki does world’s first public demo of hydrogen-fueled motorcycle

Kawasaki Motors, a member of the Kawasaki Heavy Industries Group, conducted the world’s first public demonstration run of a hydrogen ICE (internal combustion engine) motorcycle by a mass-production motorcycle manufacturer at Suzuka Circuit in Suzuka City, Mie Prefecture, Japan. The hydrogen ICE motorcycle was designed and built as part of research that began in March

CMA CGM orders 12 LNG-powered containerships

In France, LNG Prime reports in a deal valued at $2.66 billion, CMA CGM has ordered 12 15,500 TEU LNG dual-fuel containerships from South Korean conglomerate HD Hyundai. The ships will be constructed at HD Hyundai Samho and HD Hyundai Heavy, with six vessels at each yard. These vessels are set for delivery by June

IHG unveils industry-first low carbon pioneers programme

IHG Hotels & Resorts has unveiled its Low Carbon Pioneers programme, aiming to lead the hospitality industry in energy efficiency and sustainability. The initiative features hotels that operate without fossil fuel combustion on-site and rely on renewable energy. The Low Carbon Pioneers programme is a first in the industry, creating a community of energy-efficient hotels

Indian Oil hands over hydrogen bus to Navy for trials

Indian Oil has handed over a state-of-the-art green hydrogen fuel cell bus to the Indian Navy for trials and performance testing as part of the government’s green initiative. The event held at the Nau Sena Bhavan in the national capital was marked by the signing of an MoU between Indian Oil and the Indian Navy

Green mobility goals face complex challenges: Eco Survey

India’s dependence on critical-mineral imports, particularly from China, poses a substantial risk to its green mobility ambitions, as do the increasingly protectionist policies of developed countries, the Economic Survey 2024 said. In its commitment to green mobility, underscored by the Economic Survey 2024, the Indian government calls for a multifaceted approach to shift from traditional

Trafigura Group takes full ownership of High Heat Tankers

The Trafigura Group has completed the acquisition of Gearbulk Holding AG’s 50 percent share in joint venture company High Heat Tankers Pte Ltd for an undisclosed sum. In addition, the Group has committed to a newbuild 17,500 dwt IMO II specialised high heat tanker to be delivered in the third quarter of 2026 from Chengxi

NREL publishes assessment of BQ-9000 biodiesel

The National Renewable Energy Laboratory released the seventh in a series of reports documenting the quality of biodiesel from U.S.- and Canadian-based producers that participate in the BQ-9000 program. The comprehensive report, authored by Robert L. McCormick, details the quality of biodiesel based on monthly data collected throughout the calendar year 2023. The BQ-9000 program,

Jiangnan Shipyard delivers second dual-fuel VLEC ship

Jiangnan Shipyard, a subsidiary of China Shipbuilding Group, has officially delivered Gas Huanghe, the second ship in the 99,000 cbm dual-fuel very large ethane carrier (VLEC) series built for Wanhua Chemical Company. The vessel, independently developed and designed by Jiangnan, was delivered on July 16, 2024. Jiangnan said that this type of ship has the