Woodside Energy Group said it would invest $9.9 million in String Bio, a greenhouse gases recycling firm from India to recycle methane in its facilities.
Woodside said the technology of Indian firm could also be deployed at third-party sites.
The investment is a part of Woodside’s goal to spend $5 billion on new energy and low-carbon services by 2030, in line with a global push for cleaner energy, Woodside is armed with cashflow after completing its $28 billion merger with BHP Group’s petroleum arm in June.
Tags: BHP Group, India, Methane, String Bio, Woodside
Recent Posts
Indian OMCs launch new biodiesel tender for FY 2025-26
India’s first hydrogen train set for launch by March 31
India approves legislation to boost oil and gas exploration
HIF Global leads the way with first US e-Fuels route clearance
Baltic Exchange introduces biofuel blends in latest expansion of its emissions calculator
COSCO SHIPPING sets new record for biofuel bunkering
Magenta mobility introduces NorMincv IoT vehicle management platform
India cut 557 lakh metric tonnes of carbon dioxide emissions through ethanol blending