Sinopec completes china’s first megaton scale carbon capture project

China Petroleum & Chemical Corporation has completed the construction of China’s first megaton carbon capture, utilization and storage (CCUS) project, the Qilu-Shengli Oilfield CCUS (the “Project”) on January 29, which will reduce carbon emission by 1 million tons per year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars. As

Global fossil fuel subsidies crossed over $5 trillion between 2010-2021

With energy consumption vital for life and business, governments often look to fossil fuel subsidies to make energy as affordable as possible. These subsidies artificially reduce the price of fossil fuels and generally take two forms: Production subsidies occur when governments provide tax cuts or direct payments that reduce the cost of producing coal, oil,

Ethanol output to touch 302 cr litres for supply year 2020-21

The ethanol supply in the country to enable blending with petrol is likely to reach 302 crore litres, according to the Economic Survey 2021-2022. The government has set a target of 20% ethanol blending with petrol to be achieved by 2025 to reduce the country’s crude oil import bill, give a boost to the agriculture

Ports of LA and Shanghai join forces to create green shipping corridor

The Port of Los Angeles (LA) has agreed to work with the Port of Shanghai to form a transpacific green shipping corridor as part of an effort to reduce emissions from one of the busiest cargo routes. Convened by the two ports and C40 Cities, the partnership will seek to develop a plan by the

Biden admn to give states $1.15 bn to plug methane leak

The White House on Monday announced new steps to help curb emissions of methane, saying it will send $1.15 billion to states to clean up thousands of orphaned oil and gas wells that leak the powerful planet-warming gas. The Biden administration also outlined plans to enforce requirements for pipeline operators to minimize methane leaks, undertake

India’s dependence on fossil fuel grows: Economic Survey

Despite India’s climate commitments, the 2021-22 Economic Survey reveals that fossil fuel-based energy still outpaces the year-on-year growth of any other energy source in the country. “Between 2020-21 and 2019-20, the maximum rise in electricity generation was recorded in diesel-based thermal energy for utilities (electricity distribution companies),” the survey that was released on January 31

Incentives for green hydrogen likely in Union Budget

The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh

GAIL starts India’s maiden project of blending hydrogen into natural gas system in Indore

State gas utility GAIL (India) Ltd on Monday said it has commenced India’s first-of-its-kind project of mixing hydrogen into the natural gas system in Indore, Madhya Pradesh. The hydrogen blended natural gas will be supplied to Avantika Gas Ltd, one of GAIL’s joint venture with HPCL, for retailing of CNG to automobiles and piped natural

A new internal combustion engine produces nearly zero harmful emissions

The world is increasingly turning away from the use of internal combustion engine (ICE) vehicles, but some companies aim to repurpose the tried and true technology to allow it to live in harmony alongside climate change requisites. One example comes from Astron Aerospace, which unveiled the Omega 1, an engine designed to give internal combustion

How the fossil fuel industry is pushing plastics on the world

We’re in the midst of an energy transition. Renewable power and electric vehicles are getting cheaper, the grid is getting greener, and oil and gas companies are getting nervous. That’s why the fossil fuel giants are looking towards petrochemicals, and plastics in particular, as their next major growth market. “Plastics is the Plan B for