HMM to acquire 70 green ships by 2030

South Korean shipping company HMM has unveiled a massive KRW 23.5 trillion (17.48 billion) investment in sustainable growth by 2030. As part of a mid-to-long-term strategy, the carrier aims to expand its business portfolio for future growth and drive itself to be “a global green shipping and logistics carrier”. HMM will enhance its capacity to

NGHM has potential to attract Rs 8 lakh cr in investments: Joshi

India’s National Green Hydrogen Mission (NGHM) has the potential to attract Rs 8 lakh crore in investments, generate 6 lakh jobs and reduce reliance on natural gas and ammonia imports, leading to savings of Rs 1 lakh crore, said Union Minister for New and Renewable Energy Pralhad Joshi. Speaking at the inaugural session of the International Conference

BPCL board approves JV with Sembcorp, GPS Renewables

Bharat Petroleum Corporation Limited (BPCL) is set to expand its presence in the renewable energy sector through two new joint ventures. The state-owned company’s Board of Directors has approved partnerships with Sembcorp Green Hydrogen India Pvt. Ltd. and GPS Renewables Pvt. Ltd., respectively. The company said in an exchange filing on Thursday, September 12, that

Indiana Ethanol joins ACA as newest member

The American Carbon Alliance (ACA) has revealed that the Indiana Ethanol Producers Association has officially joined its coalition. The ACA continues to gain momentum as ethanol trade associations across the country unite in support of carbon capture initiatives. The Indiana Ethanol Producers Association has been at the forefront of promoting bioethanol production in the state. Their efforts

AIDA Cruises refuels using 100% renewable bio marine fuel

AIDA Cruises, one of Carnival Corporation’s world-class cruise lines, refueled its AIDAprima cruise ship for the first time using 100% renewable Bio Marine Fuel as part of a pilot project to evaluate the fuel performance in regular ship operations for potential for future use. The blended biofuel is produced entirely from advanced feedstocks organic waste or

Eni signs 3 MoUs on emission reduction with SOCAR

Eni SpA E, Italy’s leading oil and gas company, and Azerbaijan’s state energy company, SOCAR, have signed three pivotal Memorandums of Understanding. These agreements are aimed at advancing energy security, cutting greenhouse gas emissions and bolstering the biofuel production chain. The agreements were finalized during the visit of Ilham Aliyev, president of the Republic of Azerbaijan.

ABB to power 15 LNG carriers with permanent magnet shaft generator tech

ABB has won an order from Samsung Heavy Industries Co., Ltd. (SHI) to equip 15 liquified natural gas (LNG) carriers with the permanent magnet shaft generator technology. The 174,000-cbm capacity ships are due delivery between mid-2026 and August 2028 to multiple leading owners serving the supply chain needs of charterer Qatar Energy. Representing SHI’s the

bp and Iberdrola announce final investment decision

bp and Iberdrola have given the green light for construction of a 25 MW green hydrogen project at bp’s Castellón refinery which is expected to be operational in second half of 2026. This is the first hydrogen project jointly undertaken by bp and Iberdrola through Castellón Green Hydrogen S.L., a joint venture equally owned by

Karnataka a key driver in clean energy transformation in India: CEEW

Karnataka is set to be a major driver in India’s low-cost clean energy transformation, while ranking second in green hydrogen production and with the highest wind energy potential in the country. A study published by the Council on Energy, Environment and Water (CEEW) one of Asia’s leading research institutions and climate think-tanks states that with

Cabinet clears PM E-Drive to promote electric mobility

The Union Cabinet chaired by Prime Minister Narendra Modi approved implementation of a scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ for promotion of electric mobility in the country. The scheme has an outlay of Rs 10,900 crore over a period of two years. The scheme will cover trucks which