Billionaire Mukesh Ambani-led Reliance Industries Ltd’s plans for investing Rs 75,000 crore in solar, batteries, fuel cells and hydrogen could create valuation of USD 36 billion (Rs 2.6 lakh crore) for the new energy business, Wall Street brokerage Bernstein Research said in a report. Reliance currently has three verticals — oil-to-chemical (O2C) business that houses
China’s June diesel exports rebounded from May and more than doubled from the same period last year, as refiners shipped out more surplus barrels amid record refinery production. Diesel shipments last month reached 2.36 million tonnes, versus 1.68 million tonnes in May and 1.04 million tonnes in June 2020, data from the General Administration of
Climate change and environmental sustainability have become major issues of social concern. In order to reduce carbon emissions, many industries are looking for innovative opportunities and investments in hydrogen technologies. Could this be the solution to the global energy market’s transition to a low-carbon economy? For one major player in the mining industry, eCombustible has
The Ministry of Energy and Mines (Minem) will implement a State policy to promote and promote the development of Liquefied Natural Vehicle Gas (NGV-L) as an automotive fuel within Peru for urban, interprovincial and cargo transportation, with the objective of stimulate the use of a resource that the country produces and that is cheaper than
Russian diamond miner ALROSA announced today that the company has launched a project to convert its vehicles from gasoline and diesel to natural gas to cut greenhouse gas emissions and boost economic efficiency. The company said that expanded use of energy-efficient fuels across the corporate transport fleet is among ALROSA’s top priorities in improving
While extensive research efforts are underway to develop the propulsion systems for ships that will use alternative fuels, the other critical part of the equation for decarbonization is developing the new infrastructure required to support the maritime industry’s use of the new fuels. A new joint venture launching in Norway, according to its founders, will
As the efforts continue toward introducing a new generation of zero-carbon emission engines, Wärtsilä is reporting that that has made significant progress in a testing program with its fuel-flexible combustion engines. The Finnish engine manufacturer now expects to have a marine engine capable of running on an ammonia blend available this year as it proceeds
In an effort to advance the commercialization of methanol as an alternative marine fuel and to expand its participation in the emerging market, Japan’s Mitsui O.S.K. Lines (MOL) will acquire a minority stake in Methanex Corporation’s Waterfront Shipping subsidiary. According to the companies, the new strategic investment buildings on a relationship started over 30 years
Allied Market Research published a new report, titled, “ Combustion Catalyst market.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of
Today, airplanes pump a lot of climate-warming carbon dioxide into the atmosphere. But someday, carbon dioxide sucked from the atmosphere could be used to power airplanes. A new iron-based catalyst converts carbon dioxide into jet fuel, researchers report online December 22 in Nature Communications. Unlike cars, planes can’t carry batteries big enough to run on