Study finds green shipping corridors feasibility for China

Greenhouse gas emissions from the maritime sector are rising, conflicting with the climate goals of the Paris Agreement. This sector has struggled to transition to zero or near-zero emission fuels due to regulatory and financial barriers. To address these challenges, the concept of green shipping corridors (GSCs) has emerged, aiming to overcome financial obstacles and

India depends on Russia for 40% of crude oil imports  

India now depends on Russia for 40% of its crude oil imports, according to new analysis from shipping organisation BIMCO, something that has had a notable impact on the aframax and suezmax trades in particular. The increased import of Russian oil has contributed to a higher average sailing distance for crude oil tankers discharging in

Russia starts fuel production for Kudankulam Units 3 & 4

The Russian Nuclear Power agency Rosatom has commenced the production of Nuclear fuel that will power India’s Kudankulam Nuclear Power Plant (KKNPP) Units 3 and 4, which are under construction in Tamil Nadu, Southern India. Typically, modern-day Nuclear power plants have a lifetime of 40-60years. Kudankulam comprises a total of six VVER-1000 type power units,

LanzaTech bags contract for NTPC carbon recycling facility

In Illinois, LanzaTech Global announced they have been awarded a contract by Jakson Green to provide NTPC Limited, India’s largest power utility, with its 4G ethanol technology. This new facility, located in Central India, will use LanzaTech’s second-generation bioreactor to transform CO2 emissions and green hydrogen into ethanol, supporting India’s energy transition. The plant, conceptualized

Centre working on a national mission to promote CCUS: NITI Aayog member

The Centre is working on a national mission that will provide financial incentives to promote carbon capture, utilization and storage (CCUS) to help the country achieve its ambitious net-zero goals. The Union power ministry, NITI Aayog and the office of the principal scientific adviser to the Prime Minister’s Office (PMO) are working on the mission,

ArcelorMittal diversifies with stake in French energy

Luxembourg’s ArcelorMittal locked down its new stake in a French company that makes tubes for oil and gas drillers and which could see growth from greener hydrogen, geothermal and carbon capture uses, the world’s number-two steelmaker said. ArcelorMittal completed its purchase announced in March of a 28% share of Vallourec from private equity firm Apollo

India to achieve 50% cumulative electric power from non-fossil fuel

The Apex Committee for Implementation of Paris Agreement (AIPA), an inter-ministerial group, was set up on 27thNovember 2020. Its functions include, inter-alia, coordination, communication and reporting of Nationally Determined Contribution (NDC) to the United Nations Framework Convention on Climate Change (UNFCCC) ;to monitor, review and revisit climate goals to fulfil the requirements under the Paris

bp expands its offering in European gas, power and integrated energy solutions

bp has now completed its acquisition of GETEC ENERGIE GmbH, a leading supplier of energy to commercial and industrial (C&I) customers in Germany. Agreement for this deal was announced in January 2024. The acquisition of GETEC ENERGIE GmbH will accelerate the growth of bp’s European gas and power presence, as well as providing opportunities to

Singapore signs nuclear agreement with US

In a significant step towards strengthening bilateral ties and advancing clean energy goals, the United States and Singapore have signed a pivotal civil nuclear cooperation agreement, known as a “123 Agreement”. According to the joint statement, the signing ceremony took place on 31 July 2024 in Singapore, with US Secretary of State Antony J. Blinken

EU’s suggestion on CBAM offers no help: Report

The European Union (EU) suggestion that India can impose carbon tax locally to avoid or reduce the levy that will be imposed under Carbon Border Adjustment Mechanism (CBAM)  would not be of much help as payout by exporters will still be high, according to a report by GTRI. The EU’s CBAM regulation offers a reduction