Ship fuels manufactured using renewable electricity, and made purely from water and the gases found in the atmosphere, are being proposed as the solution to decarbonizing marine shipping. Net-zero by 2050 Countries around the world, including Canada, are adopting greenhouse gas (GHG) emissions targets of zero emissions by 2050. The global marine shipping industry is
Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according to a top company official. The Chennai-based firm has also lined up a Rs 500 crore investment to develop powertrains based on alternative fuels like
Cairn Oil & Gas, a unit of Vedanta Ltd, said on Monday it is on course to achieve netzero carbon emissions by 2050, and added that its $4 billion investment to double production over the next three-four years is in line with the newly announced environmental, social, and corporate governance (ESG) roadmap. Vedanta founder &
The concrete pouring of all bearing platforms of six liquefied natural gas storage tanks with the world’s largest single tank capacity of 270000 cubic meters in the “green energy port” of CNOOC Yancheng was completed, and the construction of the main body of the storage tank was officially started. The project will build 10 large
Business — both big and small — is under no illusion as to the magnitude of the task at hand, in achieving Australia’s pledge to become a net-zero carbon dioxide-emitter by 2050. Increasingly it is falling to business to carry the standard to keep global warming below 1.5 degrees above pre-industrial levels. With the first
In Iowa, Bunker Holding Group, the world’s largest supplier and trader of marine fuels, and Renewable Energy Group, Inc., a leading global producer and supplier of renewable fuels, entered into a strategic global collaboration agreement to further develop the U.S. and EU marine markets for sustainable bio-based diesel. Partnering REG’s expertise in bio-based diesel with
Agro co-op giant NAFED inked an MoU with Indian Oil Corporation (IOC) in order to increase biofuel production in the country in order to reduce carbon emissions, among other things. The event was attended by senior officials from Nafed and the IOC. “MoU b/w IOC & NAFED was signed on 15 Feb 2022 to set-up
The announcement of the phase one National Hydrogen Mission by the government on February 18 has been met with applause by the Street with brokerage firm Morgan Stanley India calling it a “watershed moment”. Under the new policy notified by the government, the government aims to achieve a production target of close to 5 million
India’s largest oil company Indian Oil Corporation (IOC) will set up ‘green hydrogen’ plants at its Mathura and Panipat refineries by 2024 to replace carbon-emitting units, as it considers hydrogen policy green which has just been announced as a turning point in the country’s energy transition. this will help reduce costs. SSV Ramakumar, director of
The Union government’s announcement of a new green hydrogen and green ammonia strategy, aimed at increasing domestic green hydrogen production to 5 million tonnes by 2030 and establishing India as a clean fuel export hub, has been a godsend to the green hydrogen sector. Despite the fact that green hydrogen is considered as an environmental