OMV Petrom invests €750 mn in sustainable fuels plant

OMV Petrom will invest approximately €750 million at Petrobrazi to transform the refinery into the first major producer of sustainable fuels. The company has made the final investment decision to build a SAF/HVO facility along with two facilities for green hydrogen which will be used in the production of biofuels. The investments for this unit

MNRE and IREDA host conference highlighting Green Energy Potential

Ministry of New & Renewable Energy (MNRE), in collaboration with the Indian Renewable Energy Development Agency Ltd. (IREDA), organized a pre-event conference for Global Wind Day at the Welcome Hotel in Bhubaneswar. The speech of Lalit Bohra, Joint Secretary (MNRE) was read out by Dr. B. K. Mohanty, Director (Finance), IREDA, in which he emphasized

IRENA Council convenes amidst UN Secretary General’s call for urgent climate action

The International Renewable Energy Agency (IRENA) convenes its 27th Council meeting in Abu Dhabi, after United Nations Secretary-General Antonio Guterres issued an urgent call for climate action recently. The two-day meetings gather representatives from 105 countries to discuss critical issues facing the energy transition. Over the next two days, IRENA members will focus on scaling

Aramco and NextDecade announce Heads of Agreement for offtake of LNG

Aramco, one of the world’s leading integrated energy and chemicals companies, and NextDecade Corporation (NextDecade) announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of

India is world’s second largest emitter of N2O

India is the world’s second largest source of nitrous oxide (N2O), a greenhouse gas that heats up the atmosphere far more than carbon dioxide. Nearly 11% of such global man-made emissions in 2020 were from India, topped only by China at 16%. The major source of these emissions comes from fertiliser usage, according to a

LNG availability and EU elections keep EU ETS allowances flat

EU allowances are showing some signs that the gas-driven rally may be running out of steam, as a rebound in Norwegian North Sea production relieves energy supply fears. The UK ETS also snapped its weeks-long winning streak as speculative buying took a breather. Carlton Carbon data for the week shows that EUAs fell by €2.71

Scientists at Skoltech discover new way to produce hydrogen

A team of Russian scientists from Moscow’s Skolkovo Institute of Science and Technology (Skoltech) has unveiled a potentially groundbreaking approach to hydrogen production within gas wells. This method eliminates the need for capturing carbon at the surface, potentially bypassing the costly and complex carbon capture and storage (CCS) technology. Their lab experiment suggests extracting up

Carbon Clean signs MOU with AGRA Industries to provide semi-modular CCS

In the UK, Carbon Clean has signed a Memorandum of Understanding (MOU) with AGRA Industries. Under the strategic partnership, AGRA Industries and Carbon Clean will collaborate to provide Carbon Clean’s semi-modular CaptureX technology to companies in agriculture-related sectors, including the production of biofuel ethanol and sustainable aviation fuels. Carbon Clean’s CaptureX technology is proven across

Cochin port likely to invite EoI to execute green hydrogen pilot

Cochin Port Authority is focussing on inviting Expressions of Interest shortly to execute a green hydrogen pilot project, which is expected to start production within a year. According to its Chairman B Kasiviswanathan, the port has already got existing capabilities and rich experience of handing liquid cargo, especially chemicals like ammonia. The port therefore will

Net zero power sector at risk across all G7 countries

Climate think tank E3G has found that the delivery of G7 net zero power targets is at risk, with the UK needing to address various aspects of its transition, particularly in renewable energy share and gas dependency. The organisation’s G7 Power Systems Scorecard analyses the progress being made by G7 countries towards a decarbonised power