Ossus raises pre-Series A round funding

Green energy startup Ossus Biorenewables has secured $2.4 million in a pre-Series A round co-led by Gruhas and Rainmatter Climate. The company plans to utilise the funds to accelerate the deployment of Ossus’s OB HydraCel across other sectors, including refining, foods, brewing, chemicals, and pharmaceuticals industries, and produce 3-5 tons of green hydrogen each day

Etrio, Kosher Climate collaborate for carbon credit framework

Etrio and Kosher Climate Collaborate Tech-driven leading EV Manufacturer in India, Etrio has announced the strategic partnership with Bangalore-based renewable energy consultants and developers of environmental commodities – Kosher Climate, to collaborate for creating a carbon credit framework – a first-of-its-kind mechanism designed for commercial EVs. This collaboration will help companies reduce Greenhouse emissions and

KHIMOD, Elyse Energy to work on aviation decarbonization

KHIMOD and Elyse Energy have announced a partnership to produce sustainable aviation fuels (SAF) to decarbonise aviation. Through the collaborative project AVEBIO, the two companies will demonstrate the production of sustainable e-fuels for air transport based on the yet-to-valorise carbon dioxide (CO2) of a biofuel production unit. The project’s goal is to valorise biomass deposit

Himalayan Glaciers melting so fast into lakes

Recent research has revealed that Himalayan glaciers that melt into lakes are losing significantly more ice than suggested by previous assessments. The exact loss of these lake-terminating glaciers in the Greater Himalayas has been underestimated by 6.5%. The most significant underestimation was seen in the Central Himalayas, which has lost 10% more glaciers, as per

India cuts windfall tax on crude production to nil

India has cut all windfall tax on crude oil from 3,500 rupees ($42.56) per tonne. The windfall tax on diesel was cut to Rs 0.50 per litre from Rs 1 previously. As on April 4, only diesel carries a windfall tax while crude, ATF & petrol will not attract any such levies. India had in

Power generation capacity should surge to double to meet climate goals

The share of clean sources in India’s power generation capacity should surge to 90% by 2047 — more than double from now — for the nation to meet its climate goals, Power Secretary Alok Kumar said. The country will need to reduce the share of coal, which currently accounts for about half of its installed

India could become second-largest solar photovoltaic manufacturer

With 110 gigawatts (GW) of solar photovoltaic (PV) module capacity set to come online in the next three years, India will become self-sufficient and will be the second-largest PV manufacturing country after China, says a new joint report from the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research and Analytics. The report

Cathay Pacific takes major steps towards its sustainability goals

The airline’s 2022 Sustainable Development Report outlines its determination to cooperate and innovate with partners to lead change. As the Cathay Pacific Group continues to make important strides towards becoming a sustainability leader, it is pleased to announce the release of its 2022 Sustainable Development Report, which underscores the Group’s ongoing commitments and progress in

Indian government extends restrictions on gasoline, diesel

India has extended restrictions on the export of diesel and gasoline, as the government tries to ensure the availability of refined fuels for the domestic market. The government had imposed curbs on gasoline and gasoil exports through the end of the financial year. The latest notification, issued did not specify how long the curbs would

MAN’s methanol ready 49/60DF engine passes TAT

MAN Energy Solutions revealed that its MAN 49/60DF engine has received its Type Approval after a five-day program on the testbed at the company’s HQ in Augsburg, Germany. The Type Approval Test (TAT) was witnessed by inspectors representing the ABS, BV, CCS, DNV, LR and RINA classification societies, who signed the test protocol upon the