To mitigate CO2 emissions, India is drafting a Carbon Capture, Utilisation, and Storage (CCUS) policy. Rising carbon dioxide (CO2) emission is increasing the Earth’s temperature. India’s power and industrial sectors contribute to around 60% of the carbon dioxide while the remaining 40% of emissions come from agriculture, transport and buildings. As India’s economy grows, emissions… Continue reading Clearing the air on emissions and carbon capture
Author: Economic Times of India Online News
EV boom sets off high-end tech hiring
Currently 55% of the EV workforce is engaged in chassis-related roles, 35% work with gears, motors, and engines, and 5% are involved in electric and electronic components. India’s electric vehicle (EV) revolution has triggered a hiring boom with top vehicle makers investing in R&D, material and data science and mechatronics, battery designing and robotics programming.… Continue reading EV boom sets off high-end tech hiring
Hydrogen: A gamechanger for heavy industries and infrastructure
Representative image. The ongoing global efforts to limit global warming call for minimizing the use of energy sources whose production or consumption produces greenhouse gasses. A report published in 2021 by UNOPS, UNEP and the University of Oxford stated that infrastructure was responsible for 79 percent of total greenhouse gas emissions and was therefore a… Continue reading Hydrogen: A gamechanger for heavy industries and infrastructure
Bharat Highways Invit to offer its units at INR 98-100 in IPO, which opens on Feb 28
Representative image. Bharat Highways Invit has priced the IPO in the range of INR 98-100 per unit with the issue opening on February 28. The infra-investment trust is offering units worth INR 2,500 crore through the IPO. The company proposes to use the net proceeds to repay debt availed by the project SPVs (special purpose… Continue reading Bharat Highways Invit to offer its units at INR 98-100 in IPO, which opens on Feb 28
China’s 2023 lithium chemical output jumps on rising battery demand
Demand for the metal has been boosted by the energy vehicle and energy storage sectors, the two main consumers of lithium. China’s lithium chemical output jumped in 2023, industry association data showed on Thursday, as producers ramped up production to meet growing demand for the battery material. The world’s top lithium chemical producer made 517,900… Continue reading China’s 2023 lithium chemical output jumps on rising battery demand
UK set to miss near, long term emissions targets, DNV predicts
DNV said transport and buildings are two sectors which will be the largest contributors to total annual emissions in 2050. Britain is set to miss its decarbonisation targets for 2030 and its goal of reducing greenhouse gas emissions to net zero by the middle of the century, Norwegian risk manager DNV said. Under the Paris… Continue reading UK set to miss near, long term emissions targets, DNV predicts
Industrial space leasing for light manufacturing activities rises 23% to 16 mn sq ft in 2023: C&W
As per the data, the leasing of industrial space in Pune rose from 7.69 million square feet a year ago to 8.37 million square feet in 2023. New Delhi: Leasing of industrial space for light manufacturing activities rose 23% last year to 15.9 million square feet across eight major cities due to favourable government policies,… Continue reading Industrial space leasing for light manufacturing activities rises 23% to 16 mn sq ft in 2023: C&W
Rivian forecasts annual production well below estimates
The company expects to produce 57,000 vehicles in 2024, well below estimates of 81,700 units, according to eight analysts polled by Visible Alpha. It produced 57,232 vehicles last year. Rivian said on Wednesday it would cut its workforce by 10% and forecast EV production this year that widely missed estimates, hurt by downtime for factory… Continue reading Rivian forecasts annual production well below estimates
Gadkari: Concerted efforts on to make Nagpur accident-free zone
Gadkari said that he has urged the district collector, Vipin Itankar, to allocate funds from the District Planning and Development Council to identify black spots. Union Minister for road transport and highways (MoRTH) Nitin Gadkari expressed his commitment to transforming Nagpur into an accident-free zone. He highlighted the collaborative efforts of the district collector, police… Continue reading Gadkari: Concerted efforts on to make Nagpur accident-free zone
UAW commits USD 40 mn to organizing US auto, EV battery workers
US President Joe Biden and UAW president Shawn Fain. The United Auto Workers (UAW) said on Wednesday it would commit USD 40 million to organizing non-union automobile and EV battery workers in the United States over the next two years. The UAW said in November it was launching a first-of-its-kind push to publicly organize the… Continue reading UAW commits USD 40 mn to organizing US auto, EV battery workers