COSCO and China Merchants exploring methanol fueled ships

China explores methanol shipping COSCO and Dalian developed the designs for China’s first domestic VLCC fueled with methanol (COSCO). Methanol is continuing to gain momentum as a leading option for the shipping industry to address decarbonization. Already adopted by an emerging group of shipping lines, two of China’s leading shipping companies are joining the effort

First ethanol plant in Chhattisgarh to be constructed in Kabirdham district

Chhattisgarh’s first ethanol plant will be constructed near Bhoramdev Cooperative Sugar Factory in Kabirdham district. The district administration has identified 35 acres of vacant land adjacent to the factory for setting up the plant. The Chhattisgarh government has decided to involve private players for financial and technical participation in the project to strengthen the state’s

Uniper enters into LNG deal with Woodside trading unit

German utility Uniper SE signed a long-term deal with Woodside Energy Group Ltd. to bring in more cargoes of liquefied natural gas to energy-starved Europe. The deal between Uniper and Woodside equates to 1 billion cubic meters of gas per year. That’s about a month of Russian supplies through Nord Stream at the curtailed levels

Subsidies for fossil fuels increased in 2021

According to a new analysis by the Organization for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA), the annual support for fossil fuels doubled in 2021 to nearly $700 billion, slowing progress towards global community climate goals. Economic recovery contributed to the increase in subsidies and it will rise even more in

Shell forms partnership to develop hydrogen from ethanol

Shell Brazil, Raízen, Hytron, University of São Paulo (USP) and SENAI CETIQT have agreed to develop hydrogen from ethanol production plants in Brazil. For the production of hydrogen, biofuel will be supplied by Raízen, using technology developed and manufactured by Hytron, supported by the SENAI Institute for Innovation and Biosynthetics and Fibres from SENAI CETIQT,

Sasol and ITOCHU agreed for joint study on green hydrogen and ammonia

Sasol and ITOCHU Corporation have agreed to jointly study and develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation. The parties will also evaluate ITOCHU’s potential involvement and participation in Sasol’s green ammonia export-orientated project, including product offtake as well as financial

First LNG-fueled truck manufacturing plant launched in India

Blue Energy Motors has launched India’s first Liquified Natural Gas (LNG) fueled green truck manufacturing plant at Chakan, Pune. The facility was inaugurated by Nitin Gadkari, Union Minister, Road Transport and Highways. Blue Energy Motors has already signed an agreement with FPT Industrial, the global powertrain brand of Iveco Group, headquartered in Italy, to introduce

Renewable Energy Investment Can Create Huge Revenue By 2030

According to a report titled ‘Investing for Impact: Renewable Energy & Cleantech’, India has the potential to generate a whopping 212 billion in revenue by investing in renewable energy and cleantech focused ventures by 2030. The report said that about 3.4 million jobs can be created by 2030 with an investment of $350 billion in

A New Method Of Producing Green Hydrogen From Water Discovered

University of California scientists have discovered a novel method of producing hydrogen gas from water at room temperature, according to a report from Newsweek. The simplest and most abundant element in the universe is hydrogen. Only one proton and one electron make up this atom. According to Santa Cruz Works, the distinctive aluminium nanoparticles combine

Accenture Acquires Carbon Intelligence for Sustainable Impact

Accenture has acquired Carbon Intelligence, a leading carbon and climate change strategy consultancy, adding more than 160 professionals to its rapidly growing group of data scientists, consultants and sustainability experts. Carbon Intelligence is focused on helping global businesses understand their overall carbon footprints, and ways to reduce them, using Science Based Targets Initiative (SBTi) strategies