CCUS
From chimneys to skies: NTPC explores sustainable aviation fuel
NTPC is exploring sustainable jet fuel production by mixing carbon captured from its thermal power plant and green hydrogen. The company aims to set up 100,000 tonnes annual capacity at an upcoming green hydrogen hub in Andhra Pradesh.
Cairn Oil & Gas targets net zero by 2030
Cairn Oil & Gas, part of Vedanta Group, aims to achieve net zero by 2030 through renewable energy initiatives like sourcing 70 MW of renewable energy and installing solar rooftops in Rajasthan and Gujarat. Moreover, the group also aims to achieve net zero by tree planting.
India eyes 100 GW nuclear power by 2047: AEC chairman
India aims to increase its nuclear power production to 1 lakh MW by 2047, a significant jump from the current 8,000 MW. This goal was highlighted by Atomic Energy Commission Chairman A K Mohanty at the release of a report on energy transitions. The report emphasized the need for nuclear power in India's energy transition, suggesting that it would require infrastructure for alternative sources like nuclear, flexible grid infrastructure, and storage to phase down coal usage.
ET Explains: Clearing the air on emissions and carbon capture
To mitigate CO2 emissions, India is drafting a Carbon Capture, Utilisation, and Storage (CCUS) policy. It will not only facilitate decarbonization efforts but can potentially kickstart a $10 billion industry in next five years, by using captured carbon to make chemicals, among other uses.
Global oil, gas demand will sustain for decades, says Saudi Aramco top executive
Saudi Aramco, a long-standing supplier of crude oil to India, has been actively seeking investment opportunities in India's downstream sector. Despite the failure of its $15 billion bid for a 20% stake in Reliance Industries' oil-to-chemicals business and ongoing developments with the Ratnagiri refinery in Maharashtra, Fahad Al Dhubaib, Senior Vice President of Strategy and Market Analysis at Saudi Aramco, emphasizes India's significance as a key market.
Niti Aayog to estimate gap between states' renewable capacity, future needs
The Niti Aayog is conducting an analysis to estimate the potential gap between states' renewable energy capacities and their future electricity needs under existing purchase obligations. This initiative aims to assist states in planning their power resources effectively. The assessment considers states' capabilities in solar, wind, and hydro energy, projecting their ability to meet renewable purchase obligations independently or rely on other states.
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Incentives on cards to boost carbon capture
"Options like carbon credits, subsidies, or providing VGF for projects are being considered to give a push to carbon capture and usage," said a senior industry official, adding that such incentives will open up a $10 billion opportunity for the industry over the next five years as new product lines like green ammonia, green urea, green hydrogen etc will open up.
Union Minister Hardeep Puri discusses opportunities in India's Exploration and Production sector at WEF Davos
Union Minister for Petroleum and Natural Gas, Hardeep Puri, met with Occidental Petroleum's CEO, Vicki Hollub, at Davos to explore opportunities in India's Exploration and Production sector. Discussions included the use of CCUS technology for enhanced oil recovery. Puri also informed about a significant reduction in India's 'No Go' areas for E&P, making a vast area available for exploration. The minister engaged with Equinor's CEO, Anders Opedal, to discuss collaboration in India's E&P, offshore wind, and gas sectors, aligning with India's ambitious energy transition goals towards achieving 'Net Zero Carbon' by 2070.
Oil India to capture CO2 emissions from Rajasthan natural gas field, store in dry wells
In India, ONGC and Indian Oil Corporation tied up years ago for a CCUS project but the heavy cost hasn't allowed it to advance rapidly. Under the project, the CO2 captured from Indian Oil's refinery in Gujarat is to be transported to ONGC's oilfield. ONGC plans to inject CO2 into its ageing Gujarat field to boost output.
View: Nab the climate villain
The urgency to combat climate change has amplified the need for CCUS. Traditional energy sources, such as thermal power plants, are embedded in our infrastructure due to their reliability and base-load capacity. In contrast, RE, such as wind and solar, lack consistent availability. Even though the RE sector is coming up, coal will remain India's main source of base-load power until 2040, at around 60% of electricity consumed in India. Thus, CCUS stands as a bridge.
View: Need for an Ambition Loop to accelerate climate change mitigation
Since the signing of the Paris Agreement in 2015, global progress has reduced the projected 2030 increase in greenhouse gas emissions from 16% to 3%. However, achieving the Agreement's temperature targets requires a much more accelerated transition to economy-wide, low-carbon development, with a particular focus on the energy transition.
WEF says $13.5 trillion needed to fast-track decarbonisation of key sectors
Transitioning to a more sustainable and carbon-neutral future will require USD 13.5 trillion in investments by 2050, particularly in the production, energy and transport sectors, a new World Economic Forum report said on Tuesday.
Why carbon capture is no easy solution to climate change
At present, there are 42 operational commercial CCS and CCUS projects globally with the capacity to store 49 million metric tons of carbon dioxide annually.
Prime Minister Narendra Modi to hold virtual G20 Leaders' Summit today
India will host a virtual G20 Leaders' Summit on Wednesday to address key issues and review developments since the New Delhi G20 Summit in September. The summit will focus on renewable energy, climate change, digital health, and sustainable development.
Additional capex of Rs 47 lakh crore required to decarbonise India's steel, cement plants: Study
A new study reveals that India's steel and cement plants will require an additional capital expenditure of Rs 47 lakh crore to achieve net-zero carbon emissions. The study also highlights the need for Rs 1 lakh crore in additional operational expenditure each year.
Govt making every effort to provide resources, favourable research ecosystem: PM Modi on CSIR's foundation day
Modi conveyed his appreciation for the CSIR's pivotal role in serving the society and advancing national aspirations. He specifically commended the CSIR's accomplishments, such as the Aroma Mission, achievements in floriculture, and the "purple revolution" initiated through lavender cultivation in Jammu and Kashmir.
Oil India to invest Rs 25,000 crore for net zero by 2040
State-owned Oil India Ltd is planning to invest Rs 25,000 crore in clean energy projects to achieve its net zero carbon emission goal by 2040. The plans include reducing gas flaring, commercializing stranded gas, setting up renewable electricity generation capacity, building green hydrogen and biogas plants, and converting pipelines to flow gas.
Oil India plans net zero by 2040, to invest $2 bln in projects
State-run Oil India Ltd plans to invest Rs 16,500 crore in clean energy projects as part of its goal to achieve net zero carbon emissions by 2040. Along with other state-run energy companies, Oil India aims to invest a total of Rs 6.38 lakh crore in reducing emissions. ONGC plans to spend Rs 2 lakh crore by 2038 on various green projects.
At Sherpa meet, G20 members agree to phase down unabated coal power
The cue was taken from the Bali declaration where the phrase “phasedown of unabated coal power” found agreement among all members. The language has also been used earlier in the UNFCCC Glasgow Climate Pact and the Sharm el-Sheikh Implementation Plan. Unabated coal power is generally understood to mean coal power without carbon capture utilisation and storage.
BPCL commits to Rs 1.5 lakh crore in capital expenditure over 5 years
The company aims to grow its oil business and expand its renewable energy portfolio to achieve a net-zero goal by 2040. BPCL plans to invest ₹1 lakh crore in projects such as green hydrogen, carbon capture, and improving energy efficiency. Additionally, it plans to set up 50 megawatts of captive wind power plants and own 1 gigawatt of renewable energy capacity by 2025.
BPCL to spend Rs 1.5 lakh crore as capex in next 5 years
Bharat Petroleum Corp (BPCL) has announced that it will invest about Rs 1.5 trillion in the next five years towards its transformative initiative, 'Project Aspire'. This investment will focus on growing its oil business, expanding its renewable energy portfolio, and achieving a net-zero goal by 2040. BPCL plans to invest in green hydrogen, carbon capture and storage, energy efficiency improvements, and renewable energy projects.
BPCL to spend $18.16 bn in oil, green energy over 5 years
Indian refiner Bharat Petroleum Corp plans to invest $18.16 billion over five years to grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net zero goal, Chairman G Krishnakumar said on Monday. Companies in India, the world's third largest emitter of greenhouse gases, are investing billions of dollars to cut their emissions, but they are also investing in fossil fuel as India's economic expansion is expected to drive petrochemical and fuel demand.
How carbon emissions can also be used to achieve green goals
Experts along with academia are collaborating to research the potential of carbon emission re-utilization across various sectors. This would involve capturing carbon emissions and transforming them into value-added resources through innovative processes, leading to a significant reduction in energy consumption. The process has a great potential for various industries such as cement, agriculture, and renewable energy, creating innovative solutions for customers while optimizing energy consumption and the value chain.
Carbon capture can free India from the bind of growing without polluting
Capturing CO2 emitted by industries looks like a viable option to keep the economic engines running without harming the world. As a country that cannot afford to slow its pace of growth, India — the third-largest emitter of CO2 — should aggressively invest in this technology.
India, US likely to join forces on green H2, carbon capture and battery energy storage
Under the National Green Hydrogen Mission, India aims at a production capacity of at least 5 million metric tonnes a year by 2030. India and the US aim at a partnership on battery energy storage at the industry level.
State-owned coal firms taking various measures to make mining sustainable: Minister Pralhad Joshi
From planting saplings to development of eco-parks, state-owned coal companies are taking various measures to reclaim abandoned mines, infusing multi-core investments, coal and mines minister Pralhad Joshi said.
ONGC plans to capture, store carbon
ONGC is already working on a smaller carbon capture and utilisation (CCUS) project with Indian Oil Corp where the CO2 will be captured at the latter's refinery in Gujarat and transported to a nearby ONGC's oilfield for utilisation in its enhanced oil recovery project.
Panel proposes capital grants for carbon capture, storage projects
The panel, comprising petroleum ministry officials, industry executives and academics has submitted a draft titled '2030 Roadmap for CCUS for Upstream Exploration & Production Companies' and is seeking comments from stakeholders.
Panel recommends various steps in CCUS 2030 road map
“Given that the world is still in the early stages of the CCUS revolution, India has a once-in-a-generation opportunity to emerge as a global CCUS innovation hub,” the draft said. “Key enablers to achieving this will include incentives and R&D subsidies for the private sector to help position India as a global tech and entrepreneurial hub.”
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