Fossil Fuel

TKIL in talks with OMCs to manufacture green hydrogen, put up retail infra

TKIL Industries on Tuesday said that it has acquired a stake in Swiss company Sohhytec SA, which will give it access to a technology for producing green hydrogen directly from solar energy. TKIL, formerly known as Thyssenkrupp Industries India, can produce pressurised hydrogen and also set up the infrastructure which will be required to store and fill up vehicles, the company's chief executive Vivek Bhatia said. "We are already in conversations with OMCs (oil marketing companies) and we are giving our first proposals on what a hydrogen based retail facility will look like," Bhatia said. Automobile companies have already created the necessary engines to make it possible for vehicles to run on hydrogen, Bhatia said, pointing to a particular model commercially launched by a Japanese automaker and added that heavy vehicles will also benefit from its usage. Declining to disclose the stake bought in the Swiss company or the money invested for buying exclusive rights for the technology in

Can't address pollution without cutting fossil fuels import: Gadkari

India cannot address the problem of pollution without reducing import of fossil fuels, Union Minister Nitin Gadkari said on Wednesday. Addressing 'Times Drive Green Conclave & Awards 2024' event, Gadkari further said a bio-fuel economy is very import today and it is in good position in India. He said 40 per cent of air pollution in the country is because of the transport sector. "Pollution is a big concern in India.. without reducing import of fossil fuels, we cannot reduce pollution in the country. In the transport sector, we need to find out alternative for fossils fuels... We need to develop sustainable development model," Gadkari said. The road transport and highways minister also noted that India is facing problems in the agriculture sector due to surplus production of wheat, rice and sugar. In this context, he said the government has taken decision to diversify agriculture into energy sector. "Today there are 400 projects in Punjab, Haryana, and Maharashtra where they are ..

India's transport future balances fossil fuels and clean technology

The study says that natural gas will dominate fossil fuel demand, gradually replacing petroleum products

India, EU firm up extensive roadmap for green hydrogen cooperation

India and the European Union (EU) have finalised an extensive roadmap for the green hydrogen sector that includes development of infrastructure, technology cooperation and boosting supply chains. The two sides deliberated on ways to enhance cooperation in the sector at the 10th meeting of the India-EU Energy Panel held on Thursday in Brussels. At the meeting, a "work plan" was adopted for the third phase of the India-EU Clean Energy and Climate Partnership 2025-28, which will focus on deeper cooperation in five priority areas, according to the Ministry of External Affairs (MEA). The priority areas are green hydrogen, offshore wind energy, regional connectivity, electricity market integration and smart grids, energy efficiency, and energy and climate diplomacy. "The two sides have set out an extensive agenda for green hydrogen cooperation, which includes assessing infrastructure development feasibility, regulatory and technology cooperation, and strengthening of supply chains," the

Explained: Why crude oil companies are walking back from green energy

Investors are rewarding oil giants that did not embrace wind and solar

TotalEnergies, Oil India sign pact on methane emissions detection

French energy giant TotalEnergies and state-owned Oil India Ltd (OIL) signed a cooperation agreement to carry out methane emissions detection and measurement campaigns at the Indian firm's sites. The two will use TotalEnergies' pioneer AUSEA technology, the French firm said in a statement. OIL recently joined the Oil and Gas Decarbonization Charter (OGDC), a global industry initiative launched at COP28, co-chaired by TotalEnergies' CEO. The OGDC's ambition is to work towards net-zero operations by 2050, as well as near-zero upstream methane emissions and zero routine flaring by 2030. Moreover, OGDC members are committed to measuring and publicly reporting progress. "In line with the OGDC's principle of sharing good practices, TotalEnergies makes this technology available to other operators among the signatories, as an effective and recognized tool to detect, measure and eventually abate methane emissions on their own assets," the statement said. Mounted on a drone, the AUSEA gas .

G20 Summit 2024: Deadline to phase out fossil fuel appears elusive

Opposing curbs on hydrocarbon investments, India has called for expanding decarbonization efforts and increasing renewables

Donald Trump names fossil fuel executive Chris Wright as energy secretary

President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary in a second Trump administration. Wright, CEO of Denver-based Liberty Energy, is a vocal advocate of oil and gas development, including fracking, a key pillar of Trump's quest to achieve US "energy dominance" in the global market. Wright has won support from influential conservatives, including oil and gas tycoon Harold Hamm. Hamm, executive chairman of Oklahoma-based Continental Resources, a major shale oil company, is a longtime Trump supporter and adviser who played a key role on energy issues in Trump's first term. Hamm helped organise an event at Trump's Mar-a-Lago resort in April where Trump reportedly asked industry leaders and lobbyists to donate USD 1 billion to Trump's campaign, with the expectation that Trump would curtail environmental regulations if re-elected. Wright has been one of the industry's loudest voices against efforts to fight clim

Clean energy job growth outpaces fossil fuel sector in India: Report

Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023

India's pollution soars as does fossil fuel use, climate fight gets tougher

The Global Carbon Budget 2024 study says fossil-related carbon dioxide emission in India is projected to rise by 4.6 per cent this year in line with rapid economic growth

Shaping up as refining hub, will rely on fossil fuels until 2040, says Puri

The minister said there are "robust discussions" among state-owned and private refiners to scale beyond 310 mtpa, which might be achieved even before the targeted 2028

India's progress on fossil fuel subsidy reform noteworthy, says ADB

India has since 2010 made noteworthy progress on fossil fuel subsidy reform through a calibrated 'remove', 'target', and 'shift' approach, the Asian Development Bank (ADB) said in a new report. "By carefully balancing the combined effect of three key policy levers - retail prices, tax rates, and subsidies on selected petroleum products - the country was able to reduce its fiscal subsidy in the oil and gas sector by 85 per cent, from an unsustainable peak of USD 25 billion in 2013 to USD 3.5 billion in 2023," it said. In its 'Asia-Pacific Climate Report', ADB said India gradually phased out the subsidy on petrol and diesel (from 2010 to 2014) and carried out incremental tax increases (from 2010 to 2017), which created fiscal space to increase government support for renewable energy, electric vehicles, and strengthening of electricity infrastructure. "The additional tax revenues from increases in excise duty on petrol and diesel from 2014 to 2017, a period of low international crude o

Global carbon black industry likely to grow by 50% to $42 bn by 2032: APCBC

The global carbon black market is expected to grow by 50 per cent to touch USD 42 billion by 2032, industry body Asia-Pacific Carbon Black Confederation (APCBC) said on Wednesday. The carbon black industry is currently valued at around USD 28 billion, Amit Choudhary, Chairman International Advisory Committee, APCBC said in a statement. "The carbon black industry is expected to grow to USD 42 billion by 2032, offering substantial opportunities, particularly in the Asia-Pacific region, which remains a key driver of growth," he said. The global tyre industry is projected to invest USD 27.3 billion between 2023 and 2028, with India contributing USD 1 billion through new projects, Choudhary who is also the Executive Director of Himadri Speciality Chemical said. The global carbon black industry is entering a new phase, with accelerating demand in emerging markets like India and across the Asia Pacific region, he said noting India is also increasing its exports to the EU and North America

Need large-size methanol plants to cut fossils import: NITI member Saraswat

India should aim to set up large-size methanol plants to reduce the import of fossil fuels, Niti Aayog member VK Saraswat said on Wednesday. Saraswat further said India's dependence on thermal power plants will decrease in the future, so the country will have to make sure that the industry comes to manufacture methanol. "Methanol is a clean fuel...We should aim to set up large-size methanol plants in the country," he told reporters here. Saraswat said methanol can also be used as fuel in heavy commercial vehicles. Cochin Shipyard Limited (CSL) has been given an order by a foreign company to build a ship which will run on methanol, he said. Saraswat also informed that Niti Aayog will host the second international methanol seminar and expo 2024, a two-day event on October 17-18, 2024, at the Manekshaw Centre, New Delhi. According to an official statement, the Methanol Economy in India was started in September 2016 when Niti Aayog, in collaboration with Methanol Institute, USA, orga

'Age of electricity' to follow looming fossil fuel peak, says IEA

Surplus fossil fuel supplies would likely lead to lower prices and could enable countries to dedicate more resources to clean energy, moving the world into an age of electricity, they said

JCB plans to make machines 'greener' by reducing fossil fuel consumption

Has improved fuel efficiency of machines like backhoe loader by 40% in 10 years

Why India is still dependent on coal as UK shovels fossil fuel out

South Asian nation is shifting to clean energy but it is not phasing out the fossil fuel yet

Developing nations urge world's richest to do more on climate at UNGA

Leaders of small island states most at risk from rising sea levels said it was time for those countries that burn most of the fossil fuels blamed for rising temperatures to stop paying lip service

Acceptability of new energy vehicles set to soar by end of decade: Survey

Majority of new car buyers, who participated in a study, were ready to accept new energy vehicles (NEV) as the only option when considering a purchase by 2030, according to a survey. The buyers would be willing to pay a premium of up to 49 per cent for an electric vehicle above the cost of a comparable petrol/diesel vehicle, a survey from Urban Science and The Harris Poll has revealed. Around 83 per cent of the 1,000 prospective Indian buyers covered in the global survey said they will consider buying an NEV by the end of this decade. The survey conducted online by The Harris Poll on behalf of Urban Science received inputs from various markets including India, the US, Australia, China and Germany. The survey stated that the positive outlook for NEVs in India is being fuelled by the rapid expansion of public EV charging network, with a noticeable presence in major cities and emerging in tier-2 cities. There are currently over 6,000 charging stations available in India across major

Coal import rises 41% to 25.23 MT in July, demand to be buoyant: mjunction

India's coal import rose by 40.56 per cent to 25.23 million tonne (MT) in July, according to data compiled by B2B e-commerce platform mjunction services. The country's coal import was 17.95 MT in the corresponding month of previous fiscal. Coal import also rose to 100.48 MT in the April-July period of the ongoing fiscal from 89.11 MT a year ago, it said. mjunction MD & CEO Vinaya Varma said the import demand is likely to be buoyant in coming weeks, ahead of the festive season next month. "Imports of non-coking coal showed an uptrend amid softening of prices in the seaborne market. There, however, was a drop in coking coal volumes due to tepid demand from the steel mills," mjunction services said. Of the total imports in July, non-coking coal's share stood at 16.52 MT, against 10.16 MT imported in the same month a year ago. Coking coal import volume was 4.81 MT against 5.03 MT in July last fiscal. During the April-July period, non-coking coal import was higher at 65.64 MT compared