Cement sector must innovate to achieve net-zero emissions

Cement production accounts for 7-8 per cent of global greenhouse gas emissions, making the sector a key focus area for sustainability efforts and highlighting the need for innovation to achieve net-zero goals, an official said. “Cement consumption in India stands at approximately 250 kg per capita, far below the global average of 500 kg. With

Sembcorp bags first solar plus energy storage project in India

Sembcorp Industries, through its renewables subsidiary Sembcorp Green Infra Private Limited, has secured a 150 megawatt solar photovoltaic project plus 300 megawatt-hour battery energy storage system (BESS) in India, its first in the country. In a statement, Sembcorp said the build-own-operate project is part of a bid for 2 gigawatts (GW) inter-state transmission system-connected solar

Wärtsilä to power world’s largest cement carrier for NovaAlgoma

Wärtsilä will supply a comprehensive propulsion package for the 38,000-dwt cement carrier ordered by NovaAlgoma, a joint venture between Canada’s Algoma Central Corporation and Nova Marine Group. The vessel, set to launch by the end of 2026, will be the world’s largest cement carrier and the first in its class to be methanol-fueled, supporting NovaAlgoma’s decarbonization goals.

IndianOil tests zero-emission electric vehicle technology 

In an effort to promote electromobility in the country, Indian Oil Corporation Ltd. has successfully conducted a feasibility study on the “Concept” of “Zero Emission Electromobility” at one of its gas stations in Bangalore.  Zero-Emission Electric mobility is a concept that allows an electric vehicle (EV) to be charged using solar energy, thereby ensuring zero

127 Indian businesses have pledged to achieve net-zero goals: Report

A research claims that 127 Indian companies are dedicated to achieving net-zero goals. According to the ICRA ESG Ratings assessment, roughly 7% of these come from industries with high emissions, such as mining and building materials, while the remaining 7% come from industries with low to medium carbon footprints, such as software, services, and textiles.

ONGC Videsh acquires $60 mn stake in Azerbaijan’s ACG Field

ONGC Videsh Ltd, the international subsidiary of ONGC, has acquired a 0.615% stake in Azerbaijan’s Azeri-Chirag-Gunashli (ACG) field and a 0.737% shareholding in the Baku-Tbilisi-Ceyhan (BTC) pipeline for $60 million. This acquisition, finalized on November 29, 2024, strengthens ONGC Videsh’s existing interest in the ACG field, where it already holds a 2.31% stake, and its

Saudi Arabia may cut Asia’s January crude prices

Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said. The January official selling price (OSP) for flagship Arab Light may fall by 70 to 90 cents a barrel from December

Rajya Sabha passes bill to boost investment in oil and gas exploration

The Rajya Sabha passed a bill that seeks to amend existing law governing exploration and production of oil and gas, and delink petroleum operations from mining operations to boost investment in the sector. The Oilfields (Regulation and Development) Amendment Bill, 2024, introduced in the Rajya Sabha in August this year, was passed by a voice

Ambuja Cements partners with Coolbrook for cement manufacturing

Ambuja Cements has taken a step toward achieving its Net Zero goals. The company has partnered with Finland-based technology leader Coolbrook to implement its proprietary RotoDynamic Heater™ (RDH™) technology. According to the exchange filing, this cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company’s dependence on fossil fuels and lower its

Goyal advocates for sustainable consumption habits to reduce carbon emissions

Piyush Goyal, minister of commerce and industry, urged the promotion of sustainable consumption habits in order to reduce carbon emissions and address environmental concerns. According to him, consumers worldwide must concentrate on consuming environmentally friendly goods. Because of the way we currently live, we must be aware of the waste and carbon imprint. This will