HD Korea Shipbuilding & Offshore Engineering (HD KSOE), along with its subsidiaries HD Hyundai Heavy Industry and Hyundai Mipo Dockyard, have received approval in principle from class society DNV for their new hydrogen system for a liquified hydrogen carrier. This new system utilises boil-off gas from hydrogen transport for a hybrid propulsion system, integrating hydrogen
India’s plan to decarbonize its steel industry will take longer than anticipated, with green hydrogen becoming the primary fuel for steel making in the country only by 2050, a report by two research institutes said. According to the report, Steel Decarbonisation in India, brought out by Institute for Energy Economics and Financial Analysis (IEEFA) and
Indian Oil Corporation (IOC), a unit of Bharat Petroleum Corporation Ltd, Oil India Ltd and ONGC Videsh Ltd — haven’t been able to repatriate dividend income they accrue from their investments in Russian oil and gas fields. That money is lying in their bank accounts in Russia but could not be brought to India due
The Uttar Pradesh government plans to meet its green hydrogen production capacity of nearly half 500,000 tonnes per annum by 2028. This move would help the state expand its clean and renewable energy portfolio. The government is drafting its maiden Green Hydrogen Policy 2023 to ensure complete utilisation of domestic green hydrogen production. The sector
State-run Oil India Limited (OIL) plans to invest Rs 25,000 crore to achieve its net-zero emissions target, the oil and gas explorer’s Chairman and Managing Director Ranjit Rath said. Rath said at a press conference that OIL commits to invest in green hydrogen, setting up of 2G ethanol plant, compressed biogas plants, carbon capture utilisation
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
By enabling a sustainable and scalable biofuel option for the maritime industry in Latin America, global top 10 marine fuels supplier, Monjasa, prepares for the changing fuel mix of the future. However, Monjasa still awaits the shift away from biofuel trial voyages to a broader pick-up in demand. Drop-in fuels are considered a viable option
The recently launched Global Biofuel Alliance (GBA) can turn India into a major production and export hub for sustainable aviation fuel (SAF) and give the country a chance to set international standards in the sector, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said. However, domestic demand will also be high. India is
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
Paraguayan shipowner and operator ‘Girona S.A. – Rio Sur Transporte y Logistica’ has contracted Dutch inland shipping construction yard Concordia Damen to build a ‘CDS4115’ Shallow Draft 5.400 HP River Pusher to expand its fleet. The family-owned company is one of the most traditional waterway transport companies in Paraguay, serving many customers along the 2695