127 Indian businesses have pledged to achieve net-zero goals: Report

A research claims that 127 Indian companies are dedicated to achieving net-zero goals. According to the ICRA ESG Ratings assessment, roughly 7% of these come from industries with high emissions, such as mining and building materials, while the remaining 7% come from industries with low to medium carbon footprints, such as software, services, and textiles.

OPEC expects share of Indian oil imports to rise again

OPEC is set to win a bigger share of India’s oil imports in coming decades due to the proximity of its supplies, the producer group’s head said, after its dominance was recently eroded by competition from discounted Russian oil. The share of oil from the Organization of the Petroleum Exporting Countries (OPEC) imported by India

Projects aimed at cutting carbon emissions classified likely junk

Nine renewable energy projects in India aimed at reducing greenhouse gas emissions have been classified as “likely junk” in an analysis by Corporate Accountability, a non-profit organisation, and The Guardian. The report, published in The Guardian, looks at the data provided by AlliedOffsets, a repository of carbon offset projects — which claim to reduce, or

Honeywell in talks with Indian companies to supply tech for green hydrogen

American technology firm, Honeywell, has said it has ready-to-use catalyst-coated membranes for the production of Green Hydrogen in India. The company is presently in talks with an undisclosed list of manufacturers in India, to supply this chemistry technology for the electrolysis of green hydrogen. Honeywell’s interest in being a supplier is significant in light of

GPS Renewables acquires Proweps

Indian biofuels technology firm GPS Renewables has acquired Germany-based Proweps Envirotech, a design and engineering company that specializes in technologies to utilize municipal and industrial organic waste for biogas production. According to the report, GPS Renewables has set up over 100 biogas plants across India. Meanwhile, Proweps’ flagship projects include the largest organic waste-to-biogas power

Indian government extends restrictions on gasoline, diesel

India has extended restrictions on the export of diesel and gasoline, as the government tries to ensure the availability of refined fuels for the domestic market. The government had imposed curbs on gasoline and gasoil exports through the end of the financial year. The latest notification, issued did not specify how long the curbs would

Indian biggest buyer of Urals crude

India was the biggest buyer of seaborne Urals oil in March and the country’s demand for the grade means Russia has to maintain high exports, two traders said and Refinitiv Eikon data showed. Refiners in India, which in the past rarely bought Russian oil, because of high transport costs, have emerged as key oil clients

Russian crude cargoes lucrative for Asian importers

Lucrative offers for Russian spot crude cargoes may look attractive at first glance, but Asian oil importers appear reluctant to close deals as they cautiously weigh shipping risks, bandwidth to absorb incremental supplies, and risks to sensitive bilateral relations with key trading partners. Although crude oil above $100/b makes any kind of discount attractive to