The world’s historic pivot toward curbing carbon emissions is likely to spur unprecedented demand for some of the most crucial metals used to generate and store renewable energy in a net-zero emissions by 2050 scenario. A resulting surge in prices for materials such as cobalt and nickel would bring boom times to some economies that […]
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 […]
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 […]
India’s commercial and industrial (C&I) segment is expected to add 1,875 megawatt (MW) of new rooftop solar capacity in 2021, an increase of 47 percent compared to the previous year, according to a recent report. The report titled ‘Emerging technology trends in the C&I rooftop solar market in India,’ by the Institute for Energy Economics […]
State-run Indian Oil Corporation (IOCL) board approved an integration plan for its petrochemical and lube facilities at its Gujarat refinery at an estimated cost of Rs 17,825 crore to boost its capacity to produce petrochemicals. The Gujarat refinery upgrade is expected to be completed in 42 months. The development is in line with the IOCL’s […]
Fitch and CRU Ratings have indicated a wider cobalt and lithium demand worldwide thanks to the rapid hybrid and electric vehicle (EV) adoption. The need for Electric Vehicles worldwide will support demand for cobalt and lithium. However, cobalt demand is being estimated to be lower than many market participants’ expectations from 2025 onwards. This will […]
