India’s automobile sector can become number-1 in the world in the next five years by using alternative fuel sources, Union Minister for Road Transport and Highways Nitin Gadkari said at the India Today Conclave 2021. Gadkari said it was his dream to make the Indian automobile sector the leader of the segment in the world.
The demand for high sulfur bunker fuel oil is set to dwindle worldwide closer to 2030, likely causing the use of scrubbers to fall, as the shipping industry accelerates its decarbonization journey, an industry expert said recently. That is despite ports, such as Singapore, seeing robust HSFO sales in 2021. January-September sales of high sulfur
India is forming a group that brings together state-run and private refiners to seek better crude import deals, oil secretary Tarun Kapoor said on Tuesday, as the country grapples with soaring oil prices. The world’s third-largest oil importer and consumer, India depends on imports for about 85% of its crude and buys most of it
Bunker industry organization the Marine Fuels Alliance (MFA) on Wednesday (27 October) said it has appointed Anthony Mollet as Executive Officer. Mollet brings a wealth of bunker industry experience to the newly created role, having held senior positions with some of the sector’s leading companies, including Shell Trading and GAC Shipping. Most recently, Mollet held
The fuel additives market is set to grow by $1.64 billion between 2021 and 2025 and register a CAGR of 4.33%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis and summation of data from multiple sources.
Many automakers have turned to fuel additives to satisfy growing consumer demands for improved engine performance and fuel economy in the modern automotive industry. Fuel additives provide a wide range of benefits, including boosting engine performance, preventing distribution-related complications, and maintaining long-term fuel quality. Currently, the most utilized fuel additives are deposit control and octane
China will cap primary crude processing capacity at 20mn b/d by 2025, the government said in a new action plan to achieve peak emissions by 2030. The plan, published by the state council today, gives a more detailed sector-by-sector breakdown following the release of an economy-wide plan for peak emissions and carbon neutrality on 24
Cargo loading and bunker delivery operations have restarted in the UAE port of Fujairah, the Middle East’s main storage and bunkering center. They have suspended on 2 October ahead of tropical storm Shaheen. “Some barges resumed deliveries of bunker fuel to vessels earlier in the afternoon,” a bunker supplier said. “It was initially done on
In a move that can make India one of the largest hydrogen producers, the Modi government is set to make it mandatory for oil refineries and fertiliser manufacturers to produce or procure green Hydrogen to meet part of their needs. Green Hydrogen is the cleanest fuel as it is produced through electrolysis using renewable energy.
The California Air Resources Board has adopted a regulation that requires truck and engine manufacturers to reduce the nitrogen oxide (NOx) emissions from new heavy-duty trucks by 90 percent starting in 2027. NOx from heavy-duty trucks is one of the main sources of air pollution, creating smog and threatening respiratory health. This regulation requires the