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Fuel for Thought: India s recovery road map prompts oil majors to accelerate energy transition plans

Fuel for Thought: India’s recovery road map prompts oil majors to accelerate energy transition plans India’s road to recovery from the pandemic’s deadly second wave may help fast track oil majors’ ambitions to expand their portfolio in Asia’s fastest-growing energy market while at the same time reducing their carbon footprint. With plentiful funds expected to support an economic recovery from the COVID-19 crisis, CEOs of leading global companies are hopeful a large part of that relief will flow into the energy sector, creating opportunities in both fossil fuels and in clean energy. “Perhaps a post-pandemic economic recovery anchored around sustainability and climate action could well be the prudent way,” Nitin Prasad, chairman of Shell Companies in India, said in an exclusive interview with S&P Global Platts. “We also believe that there are opportunities to accelerate our activities to help the country recover cleaner and faster, which we are actively encouraging t

IOCL will produce Green Hydrogen at Jodhpur refinery: Shrikant Madhav Vaidya, Chairman

Indian Oil makes a big push for hydrogen fuel cell EVs

Indian Oil makes a big push for hydrogen fuel cell EVs th May 2021 3:00 pm The company is ramping up capabilities to supply hydrogen at a reasonable price and it will roll out a pilot project by October this year. Castrol 0 Comments Indian Oil Corporation (IOCL) is making strong moves to branch out into the production of alternative fuels. The top oil marketing company (OMC), for instance, is ramping up its capabilities to supply hydrogen. At a virtual conclave organised by our sister publication Autocar Professional on Meeting Emission Challenges , Indian Oil s chairman, Shrikant Madhav Vaidya, said, Indian Oil is committed to the use of hydrogen and we are doing a lot of research in this particular aspect. He added that the use of hydrogen is expected to increase in a big way .

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