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

BPCL sees further cuts in oil OSPs as fuel margins drop

Bharat Petroleum Corp, India’s third-biggest refiner, expects Middle Eastern producers to cut the official selling prices (OSPs) of their crude in coming months to reflect lower margins on fuel sales, according to its head of finance. Lower fuel cracks – the difference between the cost of crude oil and refined product sales – are hitting

NLC India to raise funds via IPO of arm for clean energy

Lignite-to-power producer NLC India Ltd (NLCIL) is planning to raise funds through an initial public offering (IPO) of its wholly owned subsidiary NLC India Renewables Ltd by the first quarter of the next financial year, according to its CMD. The PSU is planning to ramp up its renewable energy capacity from the current 1.4 GW

MOL invests in next-gen engine technology startup

Japanese shipowner Mitsui OSK Lines (MOL) has invested in a startup company Carnot that develops technology for highly efficient engines using heat-resistant materials. Steel and aluminium engines require constant cooling to prevent them from overheating, which reduces performance and increases the risk of engine failure. Cooling could consume around 30% of an engine’s combustion energy.

65% of office space in India is green-certified

The report highlighted that among 1,362 Grade A buildings, 805, that is 59 per cent, boast of green certifications, highlighting India’s growing commitment to sustainable construction Over 65 per cent of Grade A office space across top seven cities of India is green-certified, revealed Vestian Research report. The report further highlighted that among 1,362 Grade

Principal scientific adviser to GoI launches report on e-mobility R&D roadmap

The “e-mobility R&D Roadmap for India” report was launched by Professor Ajay Kumar Sood, Principal Scientific Adviser to the Government of India at Vigyan Bhawan Annexe in New Delhi. The R&D roadmap has been prepared after detailed horizon scanning of the global automotive sector and identifying future cutting-edge technological requirements. It categorizes research projects into

4 unexplored Indian basins may hold more oil

Four largely unexplored sedimentary basins in India could hold up to 22 billion barrels of oil, S&P Global Commodity Insights has reported. In effect, lesser-known Category II and III basins, namely Mahanadi, Andaman Sea, Bengal, and Kerala-Konkan contain more oil than the Permian Basin, which has already produced 14 billion barrels of its 34 billion

Singapore bunker sales rise amid Red Sea crisis

Sales of marine bunker fuel at Singapore climbed 8.5% in the first half of 2024, official data showed on July 15, as shipping disruptions in the Red Sea boosted global bunkering demand, though demand slowed month-on-month in June. In the first half of 2024, Singapore, the world’s largest vessel bunker hub, saw total bunker sales

L&T eyes export-oriented green power projects

Larsen & Toubro (L&T) is now scouting for land in Odisha to set up export-oriented green hydrogen and ammonia projects. The company plans to develop greenfield projects at ports for easy access to the export market, to capitalise on the global shift towards renewable energy and sustainable practices. The conglomerate’s plans to acquire land on

Tata Power to drive renewable energy expansion

Tata Power is also aiming to increase its market share in the rooftop solar space under the PM Surya Ghar Yojana, and enhance its renewable energy portfolio from the current 9 GW to 15 GW within five years. Tata Power Co. Ltd plans to invest around ₹20,000 crore in the current fiscal year, chairman N.