Germany aims to fulfil all its electricity needs with supplies from renewable sources by 2035, compared to its previous target to abandon fossil fuels “well before 2040,” according to a government draft paper obtained by Reuters on Monday. Europe’s top economy has been under pressure from other Western nations to become less dependent on Russian
A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, report titled “Ethanol – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post Covid-19 marketplace. Ethanol, also known as Ethyl Alcohol or Grain Alcohol (ETOH), is a clear, colorless,
In a world faced with dual concerns about climate change and growing energy needs, developing renewable replacements for fossil fuels has been a long-sought dream. While considerable progress has been made in converting various biomaterials into usable energy in recent years, refining them in an environmentally sustainable way has remained a challenge. Now, a team
Dr Sanjay C Kuttan, Chief Technology Officer, Global Centre for Maritime Decarbonisation (GCMD) in an exclusive interview with Future Fuels, throws light on the energy transition challenges in maritime industry and the efforts being made by GCMD for the decarbonisation. Q. What is Global Centre for Maritime Decarbonisation (GCMD)? What does it do to help
After being ostracized by Western countries following his invasion of Ukraine, Russia President Vladimir Putin is trying to force the world to reengage with the Russian economy—sanctions be damned—by leveraging the one thing the West still buys from Russia: energy. Putin ordered that gas contracts with “unfriendly” countries—those responsible for sanctions against Russia—be settled in
The country’s biggest state-run refiner in terms of capacity, IOC, and fellow refiner MRPL’s 300,000 b/d Mangalore refinery were operating at 100% or higher than their nameplate capacities. The two refiners have deferred some upcoming maintenance shutdowns because of current strong refining margins. BPCL’s 310,000 b/d Kochi, 240,000 b/d Mumbai and 156,000 b/d Bina refineries
Green hydrogen costs in India could potentially fall by half to as low as ₹160-170 per kg by 2030, bringing parity with grey hydrogen and other fossil fuels, says a KPMG study. Current green hydrogen production costs range anywhere between ₹320 and ₹330 per kilogram in India. KPMG in India estimates, current grey hydrogen (hydrogen
A damning new analysis of the energy investments of the world’s 30 biggest listed financial firms has revealed that they collectively provided $740bn to the fossil fuel industry in 2020 and 2021 – often with limited requirements on climate. Promisingly, 29 of the 30 companies have committed to achieving net-zero financed emissions by 2050 or
“With regards to food shortages, it’s going to be real,” President Biden declared after meeting with NATO allies in Brussels, saying both Russia and Ukraine have been the breadbasket of Europe. “The price of these sanctions is not just imposed on Russia, it is imposed on an awful lot of countries as well, including European
Wartsila will provide technical support via a 10-year service agreement for its solutions installed on Brittany Ferries’ LNG-fuelled RoPax vessel, the Salamanca. The Salamanca – which will be inaugurated on 25 March and make its first commercial sailing from Portsmouth to Bilbao on 27 March – is the first LNG-fuelled passenger ferry to operate from