The Indian government has proposed to make it mandatory for light, medium and heavy-duty motor vehicles of various categories to comply with fuel consumption standards from April 2023. This is aimed at reducing pollution and introduce more fuel-efficient vehicles. The continued compliance to fuel consumption standards shall be verified as per the procedure of conformity
The union government imposed a windfall tax on crude oil produced locally. The government also levied additional excise duty on exports of petrol, diesel and aviation turbine fuel (ATF) to temper domestic fuel retail prices and ensure availability. While a cess of $295.05 (₹23,250) per tonne has been imposed on crude oil, a special excise
ACME Group announced a green hydrogen and green ammonia project involving an investment of $663.65 (Rs 52,474 crore) in Tamil Nadu. The project will comprise 5,000 mw of solar PV plant, 1.5 GW of the electrolyser and 1.1 million tonnes of ammonia synthesis loop. The plant will produce green hydrogen and ammonia, which will help
Russian energy major Rosneft has announced the discovery of a huge oil deposit in the Pechora Sea containing an estimated 82 million tons of oil. The field was discovered due to a drilling campaign in the Medynsko-Varandeysky area. A free flow of oil was obtained with a maximum flow rate of 220 cubic meters a
Shell has taken the final investment decision to build Europe’s largest renewable hydrogen plant at on the Tweede Maasvlakte in the port of Rotterdam. The plant will be operational by 2025. Named Holland Hydrogen I, the 200MW electrolyser will be constructed to produce up to 60,000 kg of renewable hydrogen per day. The renewable power
India’s first floating terminal for liquefied natural gas (LNG) at Jaigarh in Maharashtra is expected to be operational in the second half of 2022. H-Energy Gateway’s floating storage and regasification units (FSRUs) at Jaigarh and the Swan Energy-led terminal at Jafrabad are cumulatively expected to add 11 million tonnes per annum (mtpa) of regasification capacity,
The technology group Wärtsilä will supply the engines with auxiliaries for a 75 MW power plant being built in Termoli, on the Adriatic coast of Italy. The plant has been contracted by energy utility Metaenergiaproduzione, and is under construction by FATA SpA, a member of the Danieli Group. The order with Wärtsilä was placed in
Oil India Limited completed beta demonstration of the hydrogen powered bus developed by Ohm Cleantech Private Limited under ‘Startup Nurturing, Enabling and Handholding (SNEH)’ programme of OIL in Pune, Maharashtra. The 9-meter Bus built on a 60kW PEM Fuel Cell engine will power the electric drive and provide for a minimum range of 450 km
Russian gas flows to Europe dropped to new lows in June after Gazprom slashed supply via the Nord Stream pipeline. The pipeline was cut off cut off to more buyers over a ruble payment dispute. Russian pipeline exports to Europe in June via its main operational corridors — Nord Stream, Ukraine and the TurkStream string
Maruti Suzuki is planning to introduce mild and strong hybrid technology across its entire range of cars in the next 5-7 years. With the implementation of this strategy, Maruti Suzuki cars will get more fuel efficient and have lower carbon footprints. It will also help the brand meet the upcoming CAFÉ (Corporate Average Fuel Economy)