India’s 2021 oil product exports rise on robust cracks

India’s oil product exports edged up on the year in 2021, even as domestic demand rose, with product cracks widening on the back of an economic recovery in the Asia-Pacific region.Preliminary data from Vortexa show product shipments of 1.4mn b/d last year, compared with 1.3mn b/d in 2020. Exports were 1.6mn b/d in December, up

India to attract large investments due to COP26 commitments: ICRA

The commitments on emission control made by India at the recent Glasgow COP26 summit are expected to benefit the country in the long-term with new technologies in energy efficiency, carbon reduction and green fuels, rating agency ICRA said adding this is likely to attract investment in billions across sectors. ICRA, in its recent research report,

Wärtsilä supplying equipment for 12 CMA CGM LNG-fuelled container ships

Wärtsilä has announced that it has been selected to supply equipment for 12 new LNG-fuelled 13,000 TEU container ships that are being built in Chinese shipyards for CMA CGM. Six of the vessels are being built by Hudong-Zhonghua Shipbuilding, and the others are under construction at the Jiangnan Shipyard. The Wärtsilä equipment is scheduled for

Higher greenhouse gas reduction quota for transport fuels applies in Germany

Germany’s greenhouse gas reduction quota for transport fuels has increased as planned as of 1 January 2022. Mineral oil companies must now reduce the emissions of their fuels by 7 percent compared to 2010 (2021: 6%). They most commonly use – and due to easy availability will likely continue to use – biodiesel, bioethanol and

Goldman says carbon net zero shift will likely boost inflation

The global push to achieve net zero carbon emissions will likely result in a meaningful boost to inflation, according to analysts at Goldman Sachs Group Inc.    Based on the assumption that carbon taxes would rise to $100 a ton by 2030, the analysts led by Jan Hatzius calculated the likely rise in prices in

Clean energy initiatives to decarbonise the economy

Technology has contributed towards the country’s economic development, but now it’s important to leverage tech solutions to make the future green, sustainable and habitable. Strategic measures for mitigating climate change, shared mobility, and better usage of water and electricity can help make this a reality. Organisations are chalking out newer technologies and innovative approaches to

GAIL, IPICOL ink mou for developing clean energy projects in Odisha

IPICOL and GAIL (India) Limited signed a Memorandum of Understanding (MoU) for cooperation in the areas of Green Hydrogen, Green Ammonia and Renewable Energy (Solar / Wind) for the production of eco-friendly fuels in Odisha. Scope of the MoU inter-alia incorporates preparing a feasibility study for setting up proposed plants. MoU also emphasizes promoting the

European Energy to build e-methanol and hydrogen bunker fuel plant

The Port of Hanstholm said it has taken the first step towards becoming Europe’s first CO2-neutral fishing port through a declaration of intent with Danish renewable energy developer European Energy. In addition to solar and wind energy plants, the company also wants to establish a Power-to-X plant for the production of e-methanol and hydrogen at

US became world’s top LNG exporter

The US became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by Bloomberg. Cheniere Energy

Are emissions levels getting higher or lower?

Six years ago, world leaders from over 190 nations around the globe gathered in Paris to try and prevent the most catastrophic consequences of climate change. Their aim was simple: to agree to take concerted measures to limit global warming to a ceiling of 1.5°C compared to temperatures prior to the Industrial Revolution. It would