Infrastructure Sustainability Council releases game-changing rating tool

The Infrastructure Sustainability Council (ISC) is responding to the rapidly changing sustainability landscape by releasing a new, innovative digital tool to support Australian and New Zealand infrastructure projects navigate the changes and ensure that their assets are sustainable. IS Essentials is a game-changing extension to the ISC’s globally recognised IS Rating Scheme, whichh is a

Upstream oil sector to get $100 bn investment by 2030

India’s exploration and production sector will need $100 billion investments by 2030, said oil minister Hardeep Singh Puri said highlighting that the government’s focus is on strengthening the domestic production of oil and gas while reducing dependency on imports. The minister acknowledged that the government’s efforts in the past at increasing production have fallen short.

ABS to classify Seatrium’s new FPSOs for Petrobras

Seatrium has awarded the American Bureau of Shipping (ABS) a Classification contract for Petrobras’ newbuild floating production storage and offloading vessels (FPSO) platforms P-84 and P-85, with the final delivery expected to 2029. These are the first FPSOs to be awarded following ABS and Seatrium’s Technology Collaboration Agreement (TCA), that aims to promote increased decarbonization,

Essar Energy Transition announces launch of Europe’s first hydrogen power plant

Essar Energy Transition (EET) announced the launch of EET Hydrogen Power, Europe’s first hydrogen-ready combined heat and power plant (CHP) to be built at its Stanlow refinery, with the aim of completing construction in 2027. The investment will support EET Fuels’ ambition to become the lowest carbon process refinery, globally and EET Hydrogen’s ambition to

Bunker demand in Indian, Sri Lankan ports mixed in June

Bunker demand for very low sulfur fuel oil at Indian ports remained mixed in June with the arrival of Southwest monsoon. West-coast India, which makes up for most of the bunker demand in the country saw a good flow of inquiries throughout June supported by increased availability of product, traders said. In June, the number

IPCC projects new climate zones 60 years from now

By 2080, more than half of Earth’s surface is projected to experience new climate zones, according to data from the Intergovernmental Panel on Climate Change (IPCC). University of Maryland spatial ecologist Matthew Fitzpatrick developed the map, dubbed “The Future Urban Climates,” which allows users to explore how their local climate will transform over the next

Tata Steel launches carbon bank to transform CO2

Private steel major Tata Steel recently launched a carbon bank, a virtual repository through which carbon dioxide will become a value-creating asset for future usage. CO2 is widely recognized as a harmful substance emitted due to the use of various fossil fuels in industry and transportation. The steel industry, in particular, often relies on coal

AGEL raises $400 mn for its solar power projects

Adani Green Energy (AGEL), India’s largest renewable energy firm, has raised $400 million in financing from a consortium of international lenders for its under-construction 750 megawatt (Mw) solar power projects in Rajasthan and Gujarat, the company said. The Rajasthan project, with a capacity of 500 Mw, has a long-term power purchase agreement (PPA) with Solar

KR conducts risk assessment on Korea’s first onboard CCS

 KR has announced the successful installation of an onboard carbon capture system (OCCS) with purely domestic technology, and it will soon undergo internal verification testing. The project began in April 2023 as a collaborative effort with HMM, Samsung Heavy Industries (SHI), and PANASIA. As a result of this collaboration, the system was installed on the

Google aims for NetZero emissions by 2030

Tech giant Google has shifted its strategy on achieving carbon neutrality, abandoning its previous practice of mass-purchasing cheap carbon offsets. The company now aims to reach net-zero emissions by 2030 through absolute emission reductions and investment in carbon removal projects. For over a decade, Google claimed carbon neutrality by counterbalancing its emissions with carbon offsets