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Oil & Gas News , Biomass News

Oil & Gas News
Biomass News

IH2A submits $5-bn plan for national green hydrogen hub to govt

The Plan has a potential to create five large national green hydrogen corporations worth $5 billion by 2030, through public-private partnerships, it said Read More >>

Cabinet approves Rs 2,980 crore for Exploration of Coal and Lignite scheme

Under this scheme, exploration for coal and lignite is conducted in two broad stages: (i) Promotional (Regional) Exploration and (ii) Detailed Exploration in non-Coal India Limited blocks. Read More >>

Oil prices edge higher as Saudi cut outweighs bearish backdrop

Brent crude futures were up 36 cents, or 0.5 per cent, at $76.65 a barrel by 0949 GMT while US West Texas Intermediate crude futures gained 37 cents, or 0.5 per cent, to $72.11. Read More >>

Adani says group EBITDA up 36 pc in FY23

Adani Portfolio companies operate in utility and infrastructure businesses with more than 83 per cent of EBITDA being generated from core infrastructure businesses, providing assured and consistent cash flow generation. Read More >>

Wind returns to top of list of German power sources

Some 32.2 per cent of German electricity was produced by wind in the first three months of the year, versus 30 per cent from coal, the federal statistics office said. Read More >>

NSE raises price band of 4 Adani Group companies

The changes, which will be effective from Wednesday, will ensure that the price of the scrip cannot move upward or downward beyond a limit set for the day, according to a circular. Read More >>

France braces for power demand surge driven by EVs, alternative fuels

As a result, electricity use is likely to rise by nearly 10 terawatt-hours (TWh) per year on average over the next decade to between 580 and 640 TWh in 2035, the RTE climate and energy report said. Read More >>

Hindenburg-inflicted losses still weigh heavily on Adani stocks

While two of Adani’s 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away. The group’s market value is still down more than $100 billion since Hindenburg’s Jan. 24 report, which claimed that billionaire Gautam Adani’s empire was “pulling the largest con in corporate history.” Read More >>

Adani’s debt metrics show improvement: CreditSights

Adani Enterprises, Adani Power and Adani Ports & Special Economic Zone have moderate leverage, Lakshmanan R, senior research analyst at CreditSights, told Bloomberg in an email. For Adani Green Energy and Adani Transmission leverage is still high, he said. Read More >>

Arrival to convert Antara's USD 20 mn loan into equity

According to the deal, Antara will not be allowed to sell more than 10% of the traded volume of Arrival's ordinary shares, it receives in the exchange, on any given trading day. Antara has a 1.69% stake in Arrival, according to Refinitiv data. Read More >>

India to offer $455 million in incentives for battery storage projects: sources

The scheme, details of which were not previously known, is intended to boost battery storage projects critical to India's ambitious plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030. Read More >>

No solar power for agri pumps, Pb lags in using central scheme

The central and the state governments offer subsidy of 30 per cent each and farmer had to pay only the remaining 40 per cent to get the solar pumps running, but many still find this option costly and the subsidy delayed. Read More >>

675 million people worldwide without electricity: report

The report cautioned that the world remained off track to ensure clean and affordable energy access for all by 2030 -- one of the so-called Sustainable Development Goals set by all UN countries in 2015. Read More >>

KPI Green Energy gets LoI for 40 MW hybrid project in Gujarat

"KPI Green has received a new largest single LoI for executing Wind-Solar Hybrid Power Project of 40 MW capacity from Anupam Rasayan India, Surat under 'Captive Power Producer (CPP)' business segment of the company," it said. Read More >>

Serentica Renewables secures Rs 10,000 cr contracts for phase 1 renewable energy projects

The company will establish solar and wind capacities in Karnataka, Maharashtra, Andhra Pradesh, and Rajasthan, where it has secured connectivity to the inter-state transmission system (ISTS). Read More >>

Report: Wood pellet production grows in Spain

Spain produced a record 768,000 metric tons of wood pellets in 2022, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network. Domestic consumption and exports were also up. Read More >>

UK seeks comments on proposed SAF mandate

A public comment period on a proposed U.K. SAF mandate is set to close June 22. The mandate, proposed by the U.K. Department of Transport in late March, would require jet fuel suppliers to blend SAF into aviation fuel starting in 2025. Read More >>

TotalEnergies steps up SAF production in France

Ahead of the Paris Air Show held in Le Bourget, TotalEnergies is stepping up production of SAF and low carbon energies of its Grandpuits site in France. The company is doubling SAF production capacity to 285,000 tons. Read More >>

BIOFerm selected by 3 Rivers Energy Partners

BIOFerm has announced its selection as the EPC partner for a pioneering renewable natural gas (RNG) facility near the Jack Daniel Distillery in Lynchburg, Tennessee. The project is being spearheaded by 3 Rivers Energy Partners. Read More >>

Air Canada fuels Montreal to Amsterdam flight with SAF

Air Canada completed its inaugural Montreal to Amsterdam flights on June 3, with a Boeing 787 Dreamliner using sustainable aviation fuel. The airline is also expanding its partnership with Neste to incorporate SAF into some of its Amsterdam flights. Read More >>

IATA: SAF production set for growth, needs policy support

The IATA announced its expectation for overall renewable fuel production to reach an estimated capacity of at least 69 billion liters (55 million metric tons) by 2028, with SAF comprising a portion of that growing capacity. Read More >>

DOE releases US National Clean Hydrogen Strategy and Roadmap

The DOE has released its U.S. National Clean Hydrogen Strategy and Roadmap, which addresses both the potential to produce hydrogen from biomass and biogas and the growing need for hydrogen feedstock in advanced biofuels production, particularly SAF. Read More >>

USDA schedules webinars on PACE, New Era programs

The USDA is holding a series of webinars to help organizations learn how to apply for a combined $11 billion it plans to award through two programs that support the deployment of clean and renewable energy, including eligible biomass projects. Read More >>

California fleets fueled with bio-CNG achieve carbon negativity

NGVAmerica and RNG Coalition on June 6 announced that California fleets fueled with bio-CNG achieved carbon-negativity in their transportation operations last calendar year for the third straight year. Read More >>

Aemetis Biogas generates RINs, files California LCFS pathway

Aemetis Inc. announced June 5 that its Aemetis Biogas subsidiary generated federal D3 RINs from the EPA under the RFS for the first time and has filed to California LCFS credits for RNG that was delivered to customers starting in late May. Read More >>

Neste: Rio Tinto mining site transitions to renewable diesel

Neste has partnered with Rio Tinto to help the company transition all of its heavy machinery from fossil diesel to renewable diesel at the U.S. Borax mine in Boron, California. The partnership helps Rio Tinto reduce the carbon footprint of its fleet. Read More >>

DOE launches $4M effort to modernize wood heating

The U.S. Department of Energy’s Bioenergy Technologies Office on June 2 announced the launch of $4 million initiative that aims accelerate wood heater innovation and support the development of the next generation of efficient and clean wood heaters. Read More >>

UK agency opens public comment period on Drax BECCS application

The U.K. Environment Agency on June 1 announced the opening of a public comment period on Drax Power Ltd.’s proposals to develop bioenergy with carbon capture and storage (BECCS) at Drax Power Station. Read More >>

USDA award to NIU could lead to world’s first biomass pipeline

Northern Illinois University’s Mahdi Vaezi is investigating the feasibility of constructing an innovative, first-of-its-kind biomass pipeline, which would be located in Maine. The project is supported by a $650,000 USDA grant. Read More >>

Anaergia signs contract to build California biogas project

Anaergia Inc. announced it will provide technologies that will enable Monterey One Water, the wastewater utility of northern Monterey County, California, to make renewable energy from food waste as well as wastewater. Read More >>

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