L&T plans invest $12 bn in green energy

Larsen & Toubro Ltd. plans to invest as much as $12 billion over the next five years, a third of which will go toward expanding its clean energy business. The company intends to build 2-3 million tonnes of green hydrogen and ammonia capacity with an investment of close to $4 billion. L&T has approached some

Adani to go solo on hydrogen project in India

Gautam Adani is prepared to go it alone in spending billions of dollars on developing green hydrogen in India, after TotalEnergies SE put a plan to partner in the venture on hold.  The French energy giant had agreed to buy a 25% stake in Adani New Industries Ltd. for an undisclosed sum to help fund

AI benefits or beats the green transition path?

Meeting decarbonization goals in time to avoid the worst impacts of climate change will require an unprecedented amount of coordination between economic sectors in record time, which will be nearly impossible to carry out smoothly without machine learning. However, as the uptake of artificial intelligence expands, so too does its already enormous carbon footprint, raising

MOL and MSC become part of decarbonisation coalitions

MITSUI O.S.K. Lines and MSC have joined coalitions aiming to decarbonise the shipping industry. MOL has signed a five-year impact partnership agreement with the Global Centre for Maritime Decarbonisation, and MSC has become a member of the SEA-LNG Coalition. As a GCMD impact partner, MOL intends to provide access to vessels as part of coalition

First Spanish passenger ships powered by 2G biofuels

Spanish energy company Cepsa has announced that Naviera Armas Trasmediterránea ferries will make 84 trips across the Strait of Gibraltar in August using Cepsa’s second-generation biofuels. This is the first time in Spain that passenger ships will use this type of sustainable fuel, produced at Cepsa’s San Roque Energy Park from agricultural waste and supplied

India succeeds in reducing 33% emissions

India’s greenhouse emissions rate dropped by a faster-than-expected 33% in 14 years as renewable energy generation rose and forest cover increased, according to two officials privy to latest assessment made for submission to the United Nations. The report’s findings showed India well on the way to meeting a commitment to the United Nations Convention on

First hydrogen-powered train has made its final stop

Germany’s state-owned, $85 million hydrogen fuel-cell powered train system is shuttering almost exactly one year after its first public debute in August 2022. This doesn’t mean that the railways are reverting back to pollutant-spewing diesel engines, however. According to the country’s Ministry for Economic Affairs, Transport, Building and Digitisation, the lines will transition to electric

Jindal Stainless working on Scope 3 emissions

Jindal Stainless, which makes stainless steel products for sectors like transportation and construction, is working on its Scope 3 emissions and is ready for the European Union’s Cross Border Adjustment Mechanism (CBAM). Jindal said that while EU’s carbon tax is a challenge for the whole industry, the company, which is already 95% scrap based, is

Ballard bags orders from Solaris for 100 hydrogen fuel cell engines

Ballard Power Systems announced multiple purchase orders for a total of 96 hydrogen fuel cell engines from long-standing customer Solaris Bus & Coach sp. z o.o, a leading European bus manufacturer that is deploying hydrogen-powered buses across the continent. Ballard expects limited initial deliveries of the 96 fuel cell engines to start in late 2023,

Bayer, Shell, Temasek collaborate to cut methane emissions

Bayer, Temasek-owned investment company GenZero, and Shell Energy unite to revolutionize paddy rice cultivation in India by coming up with a reliable model to reduce methane emissions and advancing sustainable farming practices.  Their collaboration will involve support and training for farmers while using Measurement, Reporting & Verification (MRV) tools and remote sensing technology. Their project