ADNOC, Abu Dhabi National Oil Company signed an agreement with Proman, world’s leading producers of methanol, to develop the UAE’s first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Ruwais. Under the terms of the agreement, Abu Dhabi Chemicals Derivatives Company RSC Ltd. (“TA’ZIZ”) and Proman will construct a natural gas to
While speaking at a webinar on ‘Energy for Sustainable Growth’, P M Narendra Modi stressed India’s aim to achieve 50% of its installed energy capacity through non-fossil fuels by 2030 in a bid to promote sustainability and reduce the country’s dependence on imported oil. His remarks came at a time when international crude oil prices
The Departments of Power and Transport in Kerala are establishing electric vehicle charging stations for every 50 km along national highways and the MC Road. In this regard, the Transport Department has transferred Rs 9 crore to the Power Department for the first phase of the project, Transport Minister Antony Raju and Electricity Minister K.
Too often, policymakers want to talk about issues in terms of black and white. In energy and climate policy, that tends to lead to the “renewables vs. fossil fuels” line of thinking. We’ve seen policymakers try to legislate away the use of fossil fuels in the U.S. (Rep. Tulsi Gabbert’s 2017 “Off Fossil Fuels” legislation)
Rosneft’s 240,000 b/d Tuapse on the Black Sea halted crude uptake March 4 because it cannot ship its production, while the company’s 342,000 b/d Ryazan refinery in central Russia has reduced the volume it is accepting. While there are no sanctions on exports of Russian crude or refined oil products, limited access to credit for
The Russian invasion of Ukraine is causing major disruptions for the industry, with many vessels stuck in ports and freight costs rocketing higher. In the wake of sanctions, shipping giant, Maersk has temporarily suspended its container shipping to and from Russia (except for food, medical and humanitarian supplies). These vessels criss-crossing multiple trade routes around
Energy companies, international organizations, and national governments around the world are touting hydrogen as the next big energy trend, but is it practical for all uses? Some believe that it will be vital for the future of freight transport, as countries move away from petrol and diesel, but others are more critical of the idea.
Israel approved in principle a plan to shut down Haifa’s oil refineries and petrochemical plants, marking Israel’s first-ever planned dismantling of an industrial zone and an important step toward complying with the Paris climate change agreement. But the resolution contained no timeframe for the closure, nor was any budget approved for it. Implementing it will
The state-run fuel retailers in India are considering increasing ethanol storage capacity by 51 per cent, as the country is targeting to double the biofuel’s blending with gasoline to 20 per cent by 2025 according to a director at Indian Oil Corp refinery. India is one of the largest importers of oil which relies on
The Green Party of England and Wales have voted to support the UK government signing an international treaty for the phasing out of fossil fuels. Party members passed a motion backing a Fossil Fuel Non-Proliferation Treaty (FFNPT) at their spring conference being held online this weekend. The motion was proposed by a number of high