CNG outlets and EV charging stations to get preference over petrol and diesel sale in the new licensing norm

India’s new liberalised petrol pump licensing norms allow setting up of EV charging stations and CNG outlets even before the start of petrol and diesel sales, the government has stated. The Ministry of Petroleum and Natural Gas in a clarification to its November 8, 2019 order that eased norms for setting up of petrol pumps by new […]

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India to see sudden spike In EV adoption: IEA

India could be the next major market for electric vehicles, in large part thanks to commercial EV adoption. In fact, the subcontinent’s demand for EVs for commercial use alone is expected to increase a stunning 15-fold in the next six months alone. The sudden spike in uptake is being fuelled by the confluence of a number […]

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Indian Oil hedges its bet on aluminum battery to take on lithium in Electric Vehicles

A drive to reduce dependence on imported materials and technology, especially from China, is pushing India to invest in a battery technology that uses aluminum rather than lithium as the key ingredient. Indian Oil Corp., the nation’s largest oil refiner, has teamed up with an Isareli startup Phinergy Ltd. to develop the aluminum-air battery. India […]

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Fitch upgrades long-term nickel price forecast

The nickel price will remain on a gradual uptrend in the long term as the global market remains in deficit, prompting Fitch Solutions to upgrade its long-term nickel price outlook from $15,750 per tonne to $16,500 per tonne for 2021. London Metals Exchange nickel prices are expected to tick lower than present spot levels in the coming months, as demand from steel […]

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Organisch says to start delivering fruits, vegetables to homes; unveils Saag Subz app

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Organisch, a Delhi-based organic products start-up focused on delivering fruits and vegetables to modern retail firms, is now all set to make a foray in the consumer delivery business. Launching  its dedicated app for Delhi/NCR region, Chirag Arora, CEO and Founder of the firm, told indoasiancommodities.com, that the firm’s plan includes deploying special carts and […]

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Lithium-Ion battery production set to quadruple this decade: Wood Mackenzie

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The global lithium-ion cell manufacturing capacity pipeline could rise fourfold to reach 1.3 terawatt-hours (TWh) in 2030 compared to 2019, a new report by Wood Mackenzie states. This total capacity refers to 119 battery manufacturing facilities that are operational, under construction or announced by more than 50 vendors.  According to the UK-based research firm, Asian manufacturers such […]

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Global oil demand may hit 100 million bpd in 2021 if economic recovery sustains: S&P Platts

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Platts Analytics sees continued growth in long-term petrochemicals and peak oil demand in 2021. Indeed, many plastics have sustained net positive growth even during the downturn over the past few months. The International Energy Agency is also skeptical of those writing the obituary for oil demand growth. “If oil demand goes back to 100 million b/d I […]

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