Latest news with #envisaged
Korea Herald
26-05-2025
- Business
- Korea Herald
AM Green and Port of Rotterdam Authority to Establish Green Energy Supply Chain Enabling up to 1,000,000 tons per year / USD 1 Billion Trade Between India and Europe
Sign collaboration agreement for development of green fuels bunkering market, terminal infrastructure, and Port Development for Net Zero Industrial Clusters. HYDERABAD, India and ROTTERDAM, Netherlands, May 26, 2025 /PRNewswire/ -- AM Green and the Port of Rotterdam Authority signed a Memorandum of Understanding to focus on building a green energy supply chain between India and Northwestern Europe via Rotterdam, Europe's first energy port and a key hydrogen carriers entry point. This includes the supply of bunkering fuels and Sustainable Aviation Fuels (SAFs) and analysing requirements for the development of terminal infrastructure in Rotterdam and along the supply chain to Northwestern Europe. Furthermore, the partnership will jointly support the development of strategic port infrastructure for safe distribution of hydrogen-based fuels and products, and link India's Net Zero Industrial Clusters to Europe, enabling exports of up to 1,000,000 tons annually. The envisaged supply chain can enable trade of green fuels up to USD 1 Billon between the two economies. AM Green is pushing its ambitious goal to develop 5,000,000 tons of Green Ammonia production capacity by 2030, equivalent to about 1,000,000 of Green Hydrogen to meet the rising global demand for green fuels, with initial production starting in Kakinada, On the other hand, the Port of Rotterdam plays a lead role as a critical logistics and hydrogen hub for the European continent with some 13% of the total energy demand in Europe entering via Rotterdam. Together, they aim to fulfil India's National Green Hydrogen Mission and Europe's ambitious decarbonization goals. Boudewijn Siemons, CEO of the Port of Rotterdam Authority, stated,"We are delighted to collaborate with AM Green BV to further strengthen our commitment to the energy transition. This agreement marks an important step towards establishing a robust supply chain for low-carbon fuels and chemicals. With India's vast potential for green hydrogen production, combined with Rotterdam's strategic location and advanced infrastructure, the collaboration will lead to a robust and sustainable green energy supply chain between the two regions" Anil Chalamalasetty, Founder of AM Green and Greenko Group said,"This partnership is part of our ambitious global growth strategy in green fuels including 5 MTPA of green ammonia and 1 MTPA of SAF. This collaboration marks a significant milestone in establishing a global carbon-free energy ecosystem. It will enable the seamless movement of green molecules and fuels from India to Europe, reinforcing AM Green's position as a global clean energy transition platform and accelerating industrial decarbonization globally." About the Port of Rotterdam Authority: The Port of Rotterdam plays a vital role in the economy and security of supply for the Rotterdam-Rijnmond region, the Netherlands, and Europe. Its strategic location, strong infrastructure, and excellent hinterland connections make it a key hub for global trade and industry. The Port of Rotterdam Authority focuses on sustainable development, efficient port operations, and safe maritime traffic. Its goal is to strengthen the port's role as a future-proof logistics and industrial hub, with a strong commitment to quality and the development of a climate-neutral port in harmony with its environment. About AM Green: AM Green, promoted by the founders of Greenko Group, is one of India's leading renewable energy conglomerates and a new energy transition platform. It leverages Greenko's expertise in building, owning, and operating renewable assets, as well as its ongoing development of mega closed-loop pumped storage projects that enables round-the-clock power supply at highly competitive rates. AM Green focuses on producing Sustainable Aviation Fuel, Green Ammonia, Green Hydrogen, Green Chemicals, and biofuels through its subsidiaries. With multiple projects across India, AM Green is committed to achieve 5 MTPA of green ammonia production by 2030, equivalent to 1 MTPA of green hydrogen, representing 20% of India's and 10% of Europe's green hydrogen targets. This initiative will significantly contribute to India's net-zero ambitions and support global decarbonisation.
The Hindu
26-04-2025
- Politics
- The Hindu
Bureau of Indian Standards holds convention for partnering institutions in Puducherry
The Bureau of Indian Standards organised a two-day convention for its partnering institutions in Puducherry. It was attended by 30 delegates from 15 institutions with which the BIS had entered into Memoranda of Understanding for fostering collaboration in standardisation. According to a release here, Director General of BIS Pramod Kumar Tiwari, Deputy Director General (Standardisation) Rajeev Sharma and Deputy Director General (Southern Region) Praveen Khanna attended the inaugural. In his address, the Director General said the BIS was collaborating at present with around 100 institutions in the country. The initiative represents a collective national mission to cultivate a culture of quality and standardisation with academia, the release noted. He stressed on the need to develop more synergies with academic institutions to make Indian standards a global benchmark as envisaged by the Prime Minister.
Times of Oman
23-02-2025
- Business
- Times of Oman
National Industries Development Committee discusses updates of industrial sector
Muscat: The National Industries Development Committee held its second meeting of the year (2025) in Muscat on Sunday. The panel discussed strategic issues and followed up the implementation of recommendations made in its first meeting. The meeting was chaired by Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, and attended by representatives of public and private sector establishments concerned. The meeting also studied options to enhance the competitiveness of national products, developments in allocating gas quotas to industrial projects, and a decision to ban the export of some raw materials and industrial waste that could be recycled. It also reviewed the mandatory list of local products and services and listened to proposals submitted by the panel members on ways to promote industrial projects in the Sultanate of Oman. The committee reviewed the outcome of a comprehensive study on protecting national industries, the experiences of advanced industrial countries and the challenges facing the industrial sector in Oman and ways to develop it in accordance with the best international practices. The committee made a number of recommendations, including the need to provide incentives to factories as part of an envisaged automation initiative, how to benefit from financing programmes and proposals for quality industrial projects. The committee stressed the importance of enhancing industrial investments, supporting local products in government tenders, providing incentives for emerging factories, coordination among the departments concerned to ensure the realization of Oman 2040 Industrial Strategy and means of enhancing the role of the industrial sector's contribution to the national economy.
Euronews
18-02-2025
- Business
- Euronews
Leak: EU sticks to 90% emissions cut, aims to be ‘world leader' on circular economy
A leaked draft of the second von der Leyen commission's flagship Clean Industrial Deal sets out the key elements the EU executive sees as key to challenging the US and China in the global battle for dominance in clean tech. 'The ambition of the Clean Industrial Deal (CID) is to make the EU the world leader on circular economy by 2030,' according to the 22-page document seen by Euronews. Companies will be given 'clear incentives to decarbonise within Europe', it says. The envisaged 'thriving new European industrial ecosystem of growth and prosperity' will be brought about by promoting six 'business drivers', according to the text. Affordable Energy First is affordable energy, which is the subject of an action plan already slated for publication alongside the CID on 26 February. The leaked text suggests the Commission will launch on the same day in tandem with the European Investment Bank a pilot programme for corporate power purchase agreements (PPAs). A similar partnership will be created in a 'grids manufacturing package', clearly designed to address weaknesses in Europe's transmission network that have been identified as a barrier to electrification of transport and industry. In both cases, the sums involved have been left blank, suggesting the EU executive has yet to agree on how much financing to channel into these projects. The plan also reiterates the need to further speed up permitting procedures and streamline the gas market, with recommendations on energy taxation to follow next year. Boosting demand Second driver is the creation of 'lead markets', partly to be achieved through a forthcoming Industrial Decarbonisation Accelerator Act, already mentioned in von der Leyen's political priorities, now promised for the end of the year. The EU will also press on with its efforts to create demand for hydrogen as a replacement for fossil fuels in industrial process. The Commission will 'clarify the rules for producing low carbon hydrogen in a pragmatic way', it says. The other drivers include measures to boost financing, increase circularity and access to essential raw materials, and promote global markets and international partnerships. Lastly, the CID recognizes the lack of an adequately trained workforce in Europe, and promises a Union of Skills, publication of which has already been slated for 5 March, alongside an action plan for European carmakers. Commission sticks to 90% emissions target Greg Van Elsen, who is leaking work on the Clean Industrial Deal at Climate Action Network Europe, noted that the EU executive appears not to be backtracking on its pledge to follow its own scientific advisors and propose a 90% greenhouse gas emissions cut for 2040. The draft echoes recent comments by von der Leyen in asserting that Europe will 'stay the course' on climate action. 'It's encouraging to see the draft staying on course with the European Green Deal, backing the 2040 climate target of 90% emissions reduction, accelerating renewables, and putting circularity at the front and centre of the EU's industrial strategy,' Van Elsen told Euronews. But the draft 'falls short' in targeting energy savings or reducing resource use as a means to create a resilient economy, he added. 'And with the financing part still lacking detail and ambition, the big question remains: who will foot the bill,' Van Elsen asked. 'While the direction seems broadly right, too many crucial gaps remain unanswered.'
Zawya
27-01-2025
- Business
- Zawya
Workshop explores improving business environment in Oman
Muscat: Acting in cooperation with the Oman Vision 2040 Implementation Follow-up Unit, the Ministry of Commerce, Industry and Investment Promotion is organising a two-day workshop titled "Resolving Challenges Facing Business Practice". The workshop, held in Muscat, brings together representatives of government departments and investors from various sectors with the prime aim of enhancing the investment environment in the Sultanate of Oman in line with the objectives of Oman Vision 2040. The workshop focuses on means of addressing the challenges facing investors and enhancing integration between government departments to help devise policies that better support the flow of foreign direct investment (FDI). The workshop lays special emphasis on improving the Sultanate of Oman's ranking in international indices related to ease of doing business, a key step in strengthening the country's position as a global investment destination. The new policies being discussed during the workshop are envisaged to eventually ease the process of establishing and running projects, ameliorating integration among relevant authorities (to ensure unification of efforts), realising transparency and developing services provided to investors. In particular, the workshop will elaborate on challenges posed to employment, commercial companies, freezones, financing procedures, taxes, legislation, laws, tenders, and practical steps to improve economic performance and raise the level of competitiveness. The opening ceremony was attended by Ibtisam Ahmed Al Farooji, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, Mahmoud Abdullah Al Owaini, Secretary General of the Ministry of Finance, Khalid Salim Al Ghammari, Undersecretary of the Ministry of Labour for Labour, experts and officials from authorities concerned. © Muscat Media Group Provided by SyndiGate Media Inc. (
