Baltic Exchange introduces biofuel blends in latest expansion of its emissions calculator

Baltic Exchange has introduced a series of green fuel options to its FuelEU voyage and compliance cost calculator as more shipowners, traders and charterers seek to understand the commercial implications of this regulation on their voyage costs. Biodiesel, bio-LNG, bio-LPG, green methanol, green hydrogen and green ammonia have all been added to the calculator, either

Ethanol blending saved Rs 99,000 cr forex since 2014: Puri

India’s ethanol blending program has saved Rs 99,014 crore in foreign exchange since 2014, Union petroleum minister Hardeep Singh Puri said. Puri also said that the government has achieved a 15 per cent Ethanol blending target so far, a combination which he wants to take to 20 per cent by Ethanol Supply Year (ESY) 2025-26.

Top 5 companies making ethanol in India

The blending of ethanol with motor fuels has gained focus over the last few years due to decarbonisation path adopted by government. Ethanol is produced in India as a byproduct of the sugar industry and is sourced from sugarcane. Major sugar producers in India have emerged as significant ethanol producers. In the past, businesses that

India achieves 11.6% ethanol blend with petrol

India has achieved an average ethanol blending rate of 11.60 per cent in the first four months of 2023-24 supply year that started from November, against the 15 per cent target set by the government for the whole year. This comes on the back of supplies of 1.8 billion litres of ethanol from both sugarcane-based

India may end use of fossil fuel before 2070

Petroleum and natural gas minister Hardeep Singh Puri said India will be self-reliant in energy sector by 2047 and is likely to end use of fossil fuel much before the country’s target of achieving net zero emissions by 2070. As for dependence on oil, gas and coal from foreign countries, Puri said by the year

IINO conducts FAME biofuel bunker trial

IINO Kaiun Kaisha, Ltd. (IINO) said it has conducted a trial on one of its vessels using a marine biofuel blend. The chemical tanker Chemroad Echo was supplied with B24 marine biofuel, consisting of 24% fatty acid methyl easter (FAME), blended with very low sulphur fuel oil (VLSFO). The biofuel blend was delivered in Singapore

Jio-Bp launches E20 petrol with 20% ethanol

Jio-bp, the fuel and mobility joint venture between Reliance Industries Ltd and Britain’s bp, has launched petrol blended with 20% ethanol to align with government plans to reduce oil imports and carbon emissions. The government is introducing gasoline blended with ethanol derived from sugarcane and broken rice and other grains to lower the country’s oil

Petrol with 20% ethanol blend launched

Petrol doped with 20 per cent ethanol was rolled out at select petrol pumps in 11 states and union territories as part of a programme to increase use of biofuels to cut emissions as well as dependence on foreign exchange-draining imports. At present, 10 per cent ethanol is blended in petrol (10 per cent ethanol,

Number of crude oil suppliers to India increased

India increased the number of its crude oil suppliers from 27 countries in 2006-07 to 39 in 2021-22 and attributed the growth to the addition of new suppliers like Columbia, Russia, Libya, Gabon, and Equatorial Guinea while India strengthened its relationship with countries like US and Russia. Union minister for petroleum and natural gas Hardeep

Price of Ethanol from sugar fixed for retailers in India

Indian government has fixed a price of up to 65.61 rupees for purchase of ethanol from sugar mills as the nation wants to boost blending with gasoline, oil minister Hardeep Singh Puri said. India, the world’s third biggest oil importer and consumer, has expedited efforts to double ethanol blending with gasoline to 20% from the