Energy crunch prompted by Russia’s invasion of Ukraine is giving Reliance Industries Ltd. a much-needed boost. The Jamnagar facility of the company is lifting crude processing and deferring planned maintenance to take advantage of surging demand for diesel, according to people with direct knowledge of the matter. It’s already sending shipments of the fuel to
Citing the spurt in crude prices due to the war in Ukraine as a wake-up call, Union Road Transport Minister Nitin Gadkari has urged chief executive officers of major vehicle manufacturers and representatives of automobile lobby group SIAM to expedite the roll-out of vehicles of flex-fuel variants. According to the ministry, Gadkari has maintained that
Oil and gas companies are facing a potential bonanza from the Ukraine war, though few in the industry want to admit it, and many are using soaring prices and the fear of fuel shortages to cement their position with governments in ways that could have disastrous impacts on the climate crisis. “There is a huge
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said oil companies will fix the fuel prices. He said that in the wake of Russi-Ukraine war, there is no scarcity of crude oil in the country. Puri, however, said the government will take decisions in the best interest of citizens. ”I assure you all
Bunker suppliers in the world’s third largest bunkering hub Fujairah in the UAE are concerned rising oil prices are weighing on marine fuels demand at the port. A number of bunker suppliers in Fujairah said they were concerned that demand at the hub is declining as they see buyers considering taking smaller volumes of bunker
Italian energy major Eni has suspended all new purchases of oil and oil products from Russia, according to a statement. “Eni has suspended the stipulation of new contracts related to the procurement of oil and oil products from Russia,” said the emailed statement. “In any case, Eni will fully honor every decision to be taken
A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, has partnered with six energy companies to jump-start the green methanol market and help the shipping giant ditch fossil fuels. Maersk will be able to buy at least 730,000 tons of methanol per year by the end 2025, the Copenhagen-based company said on Thursday. That’s
The world-first facility, which was developed by the Dalian Insitute of Chemical Physics (DICP) and Zhuhai Futian Energy Technology, hydrogenates carbon dioxide into green fuels, which could help to reduce the amount of carbon dioxide in the atmosphere. A facility that will produce 1,000 tons of gasoline per year out of carbon dioxide has successfully
An agreement signed between a Hyderabad-based company and a farmers’ company in Maharashtra’s Latur, for building world’s first ethanol production refinery project from bamboo with a daily capacity of 30,000 litres. The agreement was signed in Hyderabad between Nagarjuna Group, Hyderabad and Lodga Bamboo Industries in Latur district between Dr Banibrata Pande for Nagarjuna Group
The seeds of the wild castor oil plant, Ricinus communis, can be converted into biodiesel according to a new study in the International Journal of Oil, Gas and Coal Technology. The Mexican research team shows how the requisite transesterification reaction of oil from the seeds using methanol in the presence of sodium hydroxide as a