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India’s clean fuel aim falls short of actual generation
India’s clean fuel aim falls short of actual generation
Mumbai, 18 July (Argus) — India has reached its goal to have 50pc of its installed power generation capacity based on non-fossil fuel sources — but faces challenges in translating the new capacity into actual power generation, market participants told Argus . India reached the goal in June this year — five-years ahead of the 2030 target it had set under the Nationally Determined Contributions (NDC) to the Paris Climate Agreement. But its reliance on coal and gas continues. India relies on thermal power generation to meet base load power demand with coal-fired plants contributing over 70pc of the total energy generated. Non-fossil fuel sources, including renewables, nuclear and hydro power generation account for only 28pc of electricity generation, government data show. India's installed capacity of non-fossil fuel sources, that includes renewables, reached 234GW as of 30 June, while nuclear power reached 8.7GW, making up half of India's power generation capacity of 484.4GW in June, according to power ministry data. Renewables and nuclear power generation stood at 195GW and 8.1GW, respectively, during the same time last year. India's overall power generation was lower this year falling by 5pc on the year to 159.67GW in May due to an early onset of monsoon , latest government data show. Electricity generation data for June was not yet available. Power generation from non-fossil fuel sources showed an uptick this year, as against thermal power generation. (See table) Continued dependence on coal Despite the rise in non-fossil fuel sources, installed capacity of thermal power generation including coal and natural gas, remained stable this year at 242GW as of 30 June compared with 242.9GW last year, on the back of a decline in gas-fired power generation, power ministry data show. India has temporarily shut 4.4GW of gas-fired power capacity from April due to weak domestic gas supply and elevated import prices. Interestingly, coal-fired power generation capacity showed an uptick of 4GW at 214.7GW as of 30 June, compared with 210.9GW last year, the data showed. India had approved about 15GW of new coal-fired power capacity last year — the second-largest volume addition globally for coal-fired power generation after China. India's rising use of solar and wind power also faces grid integration challenges due to the intermittent nature of the generation. The government has been working on enhancing storage via battery systems and smart grids to address these issues. By Rituparna Ghosh India's electricity generation in GW Source May-25 May-24 Diff Thermal 114.1 127.8 -10.7 Nuclear 5.1 4.5 15.5 Hydro (Large) 13.3 12.6 5.0 Renewables 26.6 22.5 18.2 Bhutan Import 0.6 0.1 338.5 Total 159.7 167.5 -4.7 Source: Central Electricity Authority Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
South Korea’s SK exports first 2025 HVO cargo in June
South Korea’s SK exports first 2025 HVO cargo in June
Singapore, 17 July (Argus) — South Korean refiner SK Energy exported what is likely its first hydrotreated vegetable oil (HVO) cargo this year in June, which due to reach Europe in August. SK Energy exported around 5,000-6,000t of co-processed HVO in early June, said a source close to the company and traders. This was confirmed by Kpler data. The cargo loaded from SK Energy's Ulsan refinery on the vessel Solar Susie on 8 June. The refiner's last HVO export was 5,000t in December 2024, making this the first HVO cargo in 2025, according to Kpler . The Solar Susie subsequently loaded 27,700t of HVO from Incheon around 15-16 June, which is due to reach Europe in mid-August, vessel lineups and Kpler data also show. The cargo's price could not be confirmed. But European HVO prices have been rising since end-May. The fob Amsterdam-Rotterdam-Antwerp (ARA) Class II HVO price reached a seven-month high of $2,216/t on 20 June, before easing to $2,124/t on 16 July. HVO consumption in northwest Europe could even reach record-highs in 2026 , given stricter biofuel mandates and as suppliers shift away from conventional biodiesel to meet EU targets. SK Energy started sustainable aviation fuel (SAF) production at Ulsan in 2024 and exported its first SAF cargo to Europe in January . It also has an agreement with Hong Kong-based airline Cathay Pacific to supply at least 20,000t of SAF by 2027. By Sarah Giam Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Singapore holds safety drill for methanol bunkering
Singapore holds safety drill for methanol bunkering
Shanghai, 17 July (Argus) — Singapore's Maritime and Port Authority (MPA) conducted a large-scale chemical spill drill simulating a methanol leak on 15 July, ahead of the upcoming issuance of the first batch of methanol bunkering licences. This exercise tested safety protocols and emerging technologies, MPA said in a release on 15 July. The drill involved 11 vessels and over 150 personnel from more than 10 government agencies and industry stakeholders. The simulation was conducted off Singapore's southern coast and aimed to validate operational readiness ahead of commercial-scale methanol bunkering activity. The MPA is currently evaluating 13 applications for its first methanol bunkering licences following an open call in March, it said in the release. The five-year licence, valid over 1 January 2026-31 December 2030, will be issued to firms meeting stringent criteria, particularly on bunkering safety and operational readiness. MPA also plans to issue the licences in the fourth quarter of 2025, it said in the release. Only three to four bunker suppliers may be awarded, and prospective applicants are actively preparing for bunkering trials to increase their success rate, market sources said. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
US probes Brazil deforestation as trade issue
US probes Brazil deforestation as trade issue
Sao Paulo, 16 July (Argus) — The US Trade Representative (USTR) launched an investigation into illegal deforestation in Brazil to determine if it undermines the competitiveness of US timber and agricultural industries. The investigation will "seek to determine whether [the Brazilian government's] acts, policies and practices" related to illegal deforestation "are unreasonable or discriminatory and burden or restrict US commerce," namely US timber and agricultural producers. Brazil is a major producer of timber and agricultural goods, but much of that growth has been through widespread environmental destruction, including in the Amazon rainforest, and coversion of that land to grow crops. Brazil has taken measures to combat the deforestation, however, leading to a 32pc decline in deforestation in 2024 from a year prior, according to its space institute Inpe. It also reduced wildfires in the first half of 2025 by 66pc from the same period a year before , according to its environment ministry. The country has set a goal of eliminating deforestation by 2030. Brazil's federal government has also worked to strengthen funds to combat deforestation and climate change, such as the Amazon fund and the Climate fund . The latter was set up in 2008 but suspended in 2019 during the presidency of Jair Bolsonaro, a climate skeptic. The current administration has since reinstated it. Brazil's current federal administration has also put environmental issues at the forefront of its policies , seeking to become a leader in that area. This includes highlighting the issues during its hosting of the G20 summit last year , the Brics summit earlier this month, and hosting the UN Cop 30 climate summit in November. But some government initiatives — such as the push to drill the environmentally-sensitive equatorial margin — have drawn backlash from climate groups . An environmental licensing bill currently held up in the lower house is also receiving criticism from environmentalists and the environment ministry because it exempts some sectors, such as forms of agriculture that opening large areas for crops or cattle, from needing to obtain environmental licenses. Climate agency Observatorio do Clima called it "the largest legal setback since the creation of Brazil's constitution." Deforestation will be one of the country's flagship issues during the Cop 30 summit, including promoting the Tropical Forest Forever Facility (TFFF) initiative, a fund to preserve global tropical forests. USTR's investigation comes a week after US president Donald Trump threatened to impose a 50pc tariff on imports from Brazil as of 1 August, citing both unfair practices by Brazil and the ongoing trial of Bolsonaro , which he called "a witch hunt". The investigation will also probe the access of Brazilian ethanol into the US market , digital trade and electronic payment services, anti-corruption interference and intellectual property protection. By Lucas Parolin Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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FastRig: Decarbonising Biomass Transport with Wind Innovation
Insight papers - 21/05/25China’s PPA Market: Growing non-fertilizer demand, forecast & new price assessments
This paper analyses purified phosphoric acid (PPA) demand, production processes and grades, influence of the battery metals/LFP sector, forecasts - and introduces Argus' new China PPA price assessments
Insight papers - 08/05/25UK hydrogen subsidies: Examining the HAR2 short list and recent progress
This Insight Paper compiles Argus’ key coverage and analysis of the UK’s Hydrogen Allocation Round (HAR) competition for subsidies.
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