Author: Jordy Leo

17 Feb India’s Ayana Renewable, Greenko to Collaborate on Clean Energy Storage

Posted at 11:49 by Jordy Leo

Greenko Group, one of India’s largest renewables operators, and Indian state-owned Ayana Renewable Power have signed an agreement to use large-scale energy storage facilities to provide local industrial customers with one gigawatt (GW) of around-the-clock renewable power supply, as reported by Economic Times on February...

17 Feb Japan Aims to Use 10% Sustainable Aviation Fuel for Airlines by 2030

Posted at 11:43 by Jordy Leo

The Japanese government plans to set up a public-private committee this year to draw up measures to promote production and utilization of sustainable aviation fuels (SAFs), in a move to have airlines substitute SAFs for 10% of traditional jet fuels by 2030, as reported by...

17 Feb Cosmetics Giant Shiseido Revises Procurement Policy to Focus on Sustainability

Posted at 11:26 by Jordy Leo

Japanese cosmetics producer Shiseido [4911:JP] released a new Group Procurement Policy, which expanded responsible procurement requirements for suppliers in key sustainability areas including environment and human rights, as reported by ESG Today on February 15. The new policy outlined a set of criteria for suppliers...

16 Feb Ford, Suzuki to Obtain Incentives under India’s USD3.5bn Clean Fuel Scheme

Posted at 11:09 by Jordy Leo

The Indian government announced on February 11 that 20 companies among 115 applicants have qualified for incentives under India’s USD3.5bn Production Linked Incentive (PLI) Schemes to boost clean fuel vehicles and their components, as reported by Reuters on the same day. The 20 enterprises include...

16 Feb Singapore Airlines to Trial Sustainable Fuels from ExxonMobil

Posted at 09:45 by Jordy Leo

Singapore Airlines (SIA) [SIA:SP] will start a one-year pilot scheme starting from 3Q22 in which it will use blended sustainable aviation fuel (SAF) produced by US oil producer ExxonMobil [XOM:US], as reported by Strait Times on February 11. The SAF comprises 1.25m liters of neat...

16 Feb Japan’s Kaneka to Ramp up Capacity for Biodegradable Plastic

Posted at 09:38 by Jordy Leo

Tokyo-based Kaneka [4118:JP], an international chemical manufacturer, plans to quadruple its production capacity of a biodegradable polymer to 20,000 tons per year, as reported by Nikkei Asia on February 11. The polymer, dubbed PHBH, is biosynthesized by microorganisms using plant oils as the primary raw...

10 Feb Singapore to Mandate Solar Panel Installations in New Estates

Posted at 11:33 by Jordy Leo

JTC Corporation, a statutory board under Singapore’s Ministry of Trade and Industry, will require solar panels to be deployed for new land and land-based facility allocations, lease renewals, land launches, and tenders in all its estates, as reported by Strait Times on February 7. The...

09 Feb China Moves Emissions Peaking Deadline to 2030 for Steel Sector

Posted at 15:52 by Jordy Leo

China sets 2030 as the new deadline for peaking carbon emissions for the steel industry, against the earlier target of 2025, according to a guideline published by the Ministry of Industry and Information Technology (MIIT) and two other regulators on February 7, as reported by...

09 Feb India’s Tata Power to Raise Up to USD700m for Renewable Energy Businesses

Posted at 15:36 by Jordy Leo

Tata Power [TPWR:IN], the largest power generation firm in India, is in advanced talks with investors to raise between USD600m and USD700m for its renewable energy business at an equity valuation of around USD6bn to USD7bn, as reported by Economic Times on February 8. Potential...

09 Feb China Wind Turbine Supplier Wins Offshore Wind Power Projects in Japan

Posted at 10:35 by Jordy Leo

Chinese offshore turbine maker Mingyang Smart Energy (MYSE) [601615:CH] has reached an agreement to provide three three-megawatt turbines for a wind power facility off the coast of Nyuzen, a town in central Japan, as reported by Nikkei Asia on February 4. The transaction makes MYSE...

08 Feb India to Expand Oil and Gas Exploration Despite Climate Ambition

Posted at 17:29 by Jordy Leo

India will raise the area under exploration and production for oil and gas to 500,000 square kilometers (sq km) by 2025 and hit 1m sq km by 2030, as reported by Economic Times on February 4. Over the past five years, the country has doubled...

08 Feb Mitsubishi, Mitsui Participate in Australian Carbon Capture and Storage Project

Posted at 16:35 by Jordy Leo

Japan’s Mitsubishi [8058:JP] and Mitsui [8031:JP] will team up for a carbon capture and storage (CCS) project located in the seabed of Western Australia, as reported by Nikkei Asia on February 4. The selected sea area has the highest concentration of offshore gas fields in...

27 Jan Singapore to Raise Carbon Tax Rate In 2024

Posted at 14:38 by Jordy Leo

Singapore is evaluating its carbon tax level and will announce the revised rate for 2024 in its 2022 Budget on February 18, as reported by Straits Times on January 25. Singapore has set the carbon tax rate from 2019 to 2023 at SGD5 (USD3.71) per...

27 Jan India’s Capital Market Regulator Seeks Tighter ESG Rules

Posted at 11:58 by Jordy Leo

The Securities and Exchange Board of India (SEBI) put forward stricter environmental, social, and governance (ESG) rules on January 24, as reported by Bloomberg on the same day. The capital market watchdog intends to reduce the risk of greenwashing and misuse of ratings by companies....