The global Methanol market is estimated to be $30.7 billion in 2021 and is projected to reach $36.3 billion by 2026, at a CAGR of 3.4% from 2021 to 2026. Increase in demand of methanol from the end-use industries such as automotive, construction, electronics, solvents, pharmaceuticals, appliances, packaging, and insulation is propelling the growth of
Indonesia has lifted its domestic biodiesel allocation to 10.151mn kilolitres (kl) in 2022 from 9.21mn kl last year. Jakarta is maintaining a 30pc biodiesel blending (B30) mandate but expects overall transport fuel consumption to rise as the country emerges from Covid-19 restrictions. Indonesia’s state-owned refiner Pertamina will receive the largest share of 8.3mn kl, followed
Using conductive metal oxides as catalysts, researchers have developed an electrification strategy aimed at decreasing the ignition temperature of soot. Relevant results were published in Nature Catalysis. This research was conducted by Prof. Zhang Jian’s group at the Ningbo Institute of Materials Technology and Engineering (NIMTE) of the Chinese Academy of Sciences (CAS) and Prof.
Japanese shipping company Mitsui O.S.K. Lines, Ltd. announced that the company, along with ITOCHU Corporation has obtained approval in principle (AIP) from the American Bureau of Shipping (ABS) for an ammonia bunkering vessel concept. The project is part of a joint development study on ammonia fuel supply chain in Singapore. MOL, which already has experience
India has invited bids in an auction for licences to supply natural gas to households, automobiles and small industries in some areas of five states, an official statement said, as the country pushes to cut its carbon emissions. India, the world’s third biggest emitter of greenhouse gases, has set a 2070 goal for net zero
The US biofuel blending program known as the Renewable Fuel Standard (RFS) could see its most transformative year yet in 2022, as the Biden Administration must make decisions to reset statutes that mandate US renewable fuel blending. The program was designed to mandate certain volumes of renewable fuels to replace or reduce petroleum-based fuels. Oil
ExxonMobil, one of the largest publicly traded international energy companies, is acquiring a 49.9% stake in Biojet AS, a Norwegian biofuels company. By doing so, ExxonMobil is expanding its interests in biofuels that can help reduce greenhouse gas emissions in the transportation sector, as Biojet plans to convert forestry and wood-based construction waste into lower-emissions
The price of carbon offsets – widely used by those seeking to counterbalance their pollution – is expected to rise by as much as 4800 per cent by 2050, as major emitters scramble to meet net zero targets. Carbon offsets were in 2020 being sold for about $US2.50 a tonne but with many countries pledging
The fossil fuel divestment campaign has become one of the biggest anti-corporate campaigns. The institutions committed to divesting are estimated to be worth $39 trillion, more than the annual GDP of the US and China combined. Fossil fuel divestment is the act of investing in climate solutions and selling stakes in non-renewable energy sources. Divestment
Fossil fuel companies are among the biggest spenders on Google ads that look like search results, revealed a joint study by The Guardian and InfluenceMap, a think-tank that tracks the lobbying efforts of polluting industries. As part of the study, 78 climate-related terms were searched on Google and it was found that one in five