Infra, investment shortages jeopardize EU’s decarbonization goal: Report

According to the Draghi study on the future of European competitiveness, the shipping industry is one of the most challenging sectors to decarbonize, while easy access to sustainable marine fuels is a major priority. According to estimates, shipping will need investment of over €40 billion a year between 2031 and 2050 in order to meet

MBNL expands ethanol production capacity with Rs 100 crore investment

Modi Biotech Private Limited (MBPL), a wholly-owned subsidiary of Modi Naturals Limited, is accelerating its growth trajectory with a significant expansion of its production capacity. To achieve this, the company is investing in cutting-edge infrastructure and innovative technology. As part of this expansion, Modi Biotech Private Limited (MBPL) has already placed orders and commenced construction on

Odisha gets investments for ethanol and compressed biogas projects

The Odisha Government has approved several projects in the state. In ethanol sector, Maa Chinnamastika Energy will invest Rs 104 crore in a grain-based ethanol plant, while IMFA (Indian Metals & Ferro Alloys) Ltd will establish a grain-based ethanol plant in Rayagada with an investment of Rs 139.9 crore. Additionally, investments will be made in

bp and Iberdrola announce final investment decision

bp and Iberdrola have given the green light for construction of a 25 MW green hydrogen project at bp’s Castellón refinery which is expected to be operational in second half of 2026. This is the first hydrogen project jointly undertaken by bp and Iberdrola through Castellón Green Hydrogen S.L., a joint venture equally owned by

India offers $500 bn investment opportunities in clean energy by 2030

India offers huge investment opportunities worth over $500 billion, particularly in clean energy value chain including renewables, green hydrogen and EV, by 2030, the commerce ministry said. This was stated by Commerce Secretary Sunil Barthwal, who is in Singapore for the two-day meet of the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum.

Dry bulk lags behind in green investments

Dry bulk stands out among the major shipping sectors as the least willing to invest in green new tonnage. According to data from AXS Marine, so far only 3% or 915 vessels are equipped with dual fuel propulsion from the total global bulk, tanker and containership fleet of 30,487 ships. AXS Marine statistics show how

New investments worth Rs 2,755 crore pledged with IBA

Indian Biogas Association (IBA), an industry association comprising operators, manufacturers, and planners of bioenergy plants, has received a commitment of investment worth Rs 2,755 crore during the Renewable Energy India Expo 2023. The association has signed joint ventures (JVs), MoUs (memorandum of understanding) and received LoIs (letter of intent) commitments during the recently concluded Renewable

India’s coal mining bet stumbles as wary banks weigh rising risks

Of the 87 mines auctioned to private companies in the past three years in a push called “Unleashing Coal” – part of India’s energy self-sufficiency plans – only four are operating, with the rest awaiting financing, a federal coal ministry official said, asking not to be named. Coal officials and banking executives in the world’s

Clean energy investments increasing: IEA

The International Energy Agency (IEA) report found that investment in clean energy technologies is significantly outpacing spending on fossil fuels, and solar is set to eclipse oil production for the first time.

IOC to monetise hydrogen units

Country’s largest public-sector refiner Indian Oil Corporation (IOC) plans to hive off hydrogen producing units and sulphur recovery facilities at its refineries to a separate entity and then sell stakes in it to the private sector to raise close to Rs 10,000 crore. The plan is in line with the government’s asset monetisation programme where