India and Brazil agree to work on developing biofuels

Indian Minister of Petroleum & Natural Gas Hardeep Singh Puri along with Albuquerque reviewed the long list of bilateral and international activities and initiatives undertaken in the biofuels sectors in recent years, including the exchange of technical visits, the two editions of the Brazil-India Ethanol Talks, Symposium on Aviation Biofuels, launching of the Joint Working

India, Italy to explore biofuels, green hydrogen sectors

In a key development, India and Italy agreed to explore joint efforts in sectors of green hydrogen, energy storage, and biofuels sectors. The decision came to the table at a meeting between External Affairs Minister (EAM) Dr. S Jaishankar and his Italian counterpart Luigi Di Maio. “Noted our expanding cooperation in cyber security, S&T and

Japan to ban Russian oil imports

Japan will ban Russian crude oil imports “in principle,” as part of a Group of Seven (G7) campaign to counter Russia’s invasion of Ukraine, Prime Minister Fumio Kishida said after an online meeting of G7 leaders. “For a country heavily dependent on energy imports, it’s a very difficult decision. But G7 coordination is most important

Enertech Fuel Solutions to invest in biogas business

Enertech Fuel Solutions, a small and medium enterprise based in Ahmedabad, plans to invest $7.79 million in its compressed biogas (CBG) business. “The investment will be made next year for a pan-India presence in the CBG market,” informs Badri Mahapatra, the firm’s promoter. He adds, “Foraying into the CBG sector is a natural outgrowth of

UK exempts Ukraine from ban on offering fuel energy

The UK will exempt Ukraine from its ban on providing public support for fossil fuel energy overseas as ministers try to make sure services can continue to operate during the conflict with Russia. It comes as ministers announced that hundreds more generators are to be delivered to Ukraine to keep hospitals, shelters and phone masts

NYK inks fourth LNG contract with EDF

Japan’s Nippon Yusen Kaisha (NYK), via its subsidiary France LNG Shipping, has concluded a fourth LNG carrier long-term charter with France’s EDF LNG Shipping. A ship order has been placed with South Korea’s Hyundai Samho Heavy Industries. The 174,000 cu m ship will deliver in 2025 and will fly the French flag. No prices for

Algae biofuel industry is expected to reach $9 bn by 2027

The global algae biofuel market is estimated to show growth from $5.022 billion in 2020 to $9.033 billion in 2027 at a CAGR of 8.75%. The key factor driving the growth is the demand for algae biofuel as an essential energy source. Due to the rising prices of petrol and diesel, the demand for algae

Bosch to invest for the development of hydrogen electrolyzers

German conglomerate Bosch said that it will develop components for electrolyzers in the future. The Stuttgart-based group wants to invest up to €500 million ($527.6 million) in the new business area by 2030. The particular focus will be on the development of the stacks for electrolyzers. Bosch wants to develop electrolyzer stacks with control units,

India targets to obtain 500GW non-fossil fuel capacity by 2030

India’s non-fossil energy capacity is projected to reach 500GW by 2030 stated Niti Aayog member VK Saraswat while addressing the Norway-India Business Summit 2022 organised by CII in collaboration with the Embassy of Norway. This will also help India achieve half of its energy requirements by further facilitating a reduction of carbon footprint approximately by

ICRA says India needs to invest hugely to meet the targets of green hydrogen output

According to ICRA research report, India’s drive to enhance green hydrogen production will involve huge investment of $5224 million factoring in renewable energy capacity addition of 60 GW and investment in electrolyser manufacturing facilities. Currently, about 98 per cent of hydrogen is produced with use of fossil fuels (grey or blue hydrogen). However, surge in