Clean-energy investment hits a record $1 trillion

Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after topping a record $1 trillion last year, according to a recent report from energy and renewables research group BloombergNEF. Investment in sectors such as renewables, nuclear, zero-emission vehicles or recycling projects totaled $1.1 trillion last

WinGD, CMB.TECH agreed for the development of ammonia-fuelled engine

WinGD and CMB.TECH have signed an agreement on the development of ammonia-fuelled two-stroke engines. The companies aim to install the ammonia dual-fuel X72DF engine on a series of ten x 210,000 DWT bulk carriers to be built at a Chinese shipyard in 2025 and 2026. Under this joint development project, CMB.TECH will support WinGD in

Johnson Matthey and Plug Power to collaborate for hydrogen tech

Johnson Matthey (JMAT.L) said it was partnering in hydrogen technology with U.S.-based Plug Power (PLUG.O) until at least 2030, as the British company hones its focus on its green hydrogen-related business. Companies globally are increasing investments in green hydrogen, a zero-carbon fuel made by using renewable power from wind and solar to split water into

US DoE awards $118 mn to speed up biofuel production

The US Department of Energy (DOE) announced $118 million in funding for 17 projects to accelerate the production of sustainable biofuels for America’s transportation and manufacturing needs. The selected projects, located at universities and private companies, will drive the domestic production of biofuels and bioproducts by advancing biorefinery development, from pre-pilot to demonstration, to create

Wärtsilä to supply biogas liquefaction technology for project in Sweden

Wärtsilä will supply its biogas liquefaction technology for an important new project in Mönsterås, Sweden. The system has been ordered by Scandinavian Biogas Mönsterås, a joint venture company between Scandinavian Biogas Fuels (SBF), the majority owner, and local farmers supplying manure and agricultural waste to the project. The plant will produce bio-LNG, a substitute for

Government vehicles older than 15 years to be scrapped

More than nine lakh vehicles, owned by central and state governments, transport corporations and public sector undertakings, that are older than 15 years will go off the road from April 1 and new vehicles will replace them, Union minister Nitin Gadkari said. Addressing an event organised by industry body FICCI, Gadkari said the government is

Suzuki to launch six EVs in India by 2030

Suzuki Motor Corporation, the parent company of Maruti Suzuki, has announced its growth strategy for the year 2030. Based on the target set by the Indian government, Suzuki aims to achieve carbon neutrality in the country by 2070. Moreover, the Japanese carmaker plans to launch six electric vehicles in India by 2030 with the first

IOC starts exporting gasoline

Indian Oil Corporation (IOC) has started the exports of aviation gasoline, which is used to operate unmanned aerial vehicles (UAVs) and small planes. The beginning of fuel exports marks the entry of India into an estimated $2.7 billion global market. The first consignment of 80 barrels of aviation gas was shipped from the Jawaharlal Nehru

Indian government progressing on policy of adopting import substitutes

Underlining the government initiatives facilitating the use of ethanol, methanol, bio-CNG and hybrid electric vehicles, Union Minister for Road Transport and Highways, Nitin Gadkari, said that the government is progressing on the policy of adopting import substitutes, cost-effective, pollution-free and indigenous fuels for the transport sector. Speaking at the FICCI conference – Future of Mobility:

Cyprus in EU top three for fossil fuel usage

Cyprus along with the Netherlands is joint third within the EU for the highest share of fossil fuels in gross available energy at 89 per cent, far beyond the EU’s average of 69 per cent. Cyprus is just behind Malta’s 96 per cent, is in stark contrast to Sweden’s 32 per cent and Finland’s 38