India will become largest source of global oil demand growth, says IEA

India will in seven years become the largest source of global oil demand growth as its domestic production shrinks 22 per cent, said the International Energy Agency (IEA) in the latest report titled ‘Indian Oil Market Outlook to 2030’. It further added that while growth in developed economies and China initially slows and then subsequently

NITI Aayog report bats for incentives to promote LNG

Government think tank NITI Aayog has pitched for providing fiscal and non-fiscal incentives to promote liquified natural gas (LNG) as a transportation fuel in medium and heavy commercial vehicles. In a report titled LNG as a Transportation Fuel in Medium and Heavy Commercial Vehicle’, the Aayog said the government’s think-tank suggested setting up a demand

Shell kicks off sale process of Sprng Energy

Global energy major Shell Plc has kicked off the sale process for its Indian renewable energy unit Sprng Energy and has started reaching out to prospective buyers for the portfolio, which could fetch an enterprise value of $1.6-1.8 billion, two sources aware of the development told Moneycontrol. Shell acquired the Sprng Energy platform from infrastructure

Essar Group unveils blueprint for green economy

Essar will invest $3.6 billion to build one of the world’s largest low-carbon (blue hydrogen) plants and the world’s first green refinery, he said without giving further details. Diversified conglomerate Essar Group will invest billions of dollars in setting up a green hydrogen plant, the world’s first green refinery, and building an LNG and electric

EST-Floattech delivers octopus series energy storage solution

EST-Floattech, a leading provider of maritime energy storage solutions, announces the successful delivery and commissioning of the Octopus Series battery system on the SFK Ferry Laboe. The ferry was recently successfully delivered to Schlepp- und Fährgesellschaft Kiel (SFK) by Holland Shipyards Group. It is the 6 th ferry in a series of 7 ferries with

TERI to launch green-shipping portal

During the World Sustainable Development Summit in New Delhi, The Energy and Resources Institute (TERI) will launch a green-shipping portal to track practices by ports across the country and collate all information available at national and international levels for ports and shipping practices. At the summit, which will take place in New Delhi from 7-9

Adani Total Gas and INOXCVA collaborate on LNG ecosystem

Adani Total Gas Ltd (ATGL) and INOX India Ltd (INOXCVA), have entered into a mutual support agreement under which ATGL and INOXCVA get “preferred partner” status for the delivery of LNG and LCNG equipment and services for identifying and exploring possible collaboration opportunities for strengthening the LNG ecosystem in the country. ATGL will have certain

Researchers find issues with ammonia as marine fuel

Switching to ammonia as a marine fuel could create new problems, according to a new study undertaken by researchers from Chalmers University of Technology in Sweden. The researchers carried out life cycle analyses for batteries and for three electro-fuels (hydrogen, methanol and ammonia). Eutrophication and acidification are some of the environmental problems that can be

ERMA FIRST joins charter for EU mission ‘restore our ocean and waters by 2030’

 ERMA FIRST, a leading sustainable maritime solutions provider, has become a signatory of the EU Mission Charter targeting the protection and restoration of regional waters by 2030. The Mission – one of five EU Missions within the Horizon Europe research and innovation programme – aims to “protect and restore the health of our ocean and

ClassNK awards AiP for ammonia fuel tank

ClassNK has awarded an approval in principle (AiP) for the design of a prismatic ammonia fuel tank (IMO Type B independent tank) for container Ships developed by Planning and Design Center for Greener Ships (GSC). Ammonia is expected to be used as a marine fuel for shipping decarbonization since it does not emit CO2 when