Singapore Embraces Carbon Trading to Drive its Climate Actions
Singapore aims to achieve net-zero emissions by 2050 and has introduced its carbon trading scheme, carbon credit trading can support its green ambitions.
Introduction to Carbon Credit Trading in Singapore
Singapore launched its domestic emissions trading scheme called the Carbon Pricing Act in January 2019, becoming the first Southeast Asian country to ... Read more
The ethanol market comprises biofuel that is produced by the fermentation of various feedstock such as corn, sugarcane, and cellulosic materials. Ethanol provides an environment-friendly, renewable alternative to gasoline as a vehicle fuel and has a high octane rating that reduces engine knocking. It also has high oxygen content that allows more complete combustion of fuel in an engine. Ethanol has emerged as one of the most effective solutions for reducing greenhouse gas emissions from the ... Read more
The renewable energy technologies market consists of a wide range of products including solar panels, wind turbines, hydroelectric turbines, geothermal equipment, biomass equipment and renewable enabling technologies like smart grids and energy storage systems. These technologies help produce energy from natural processes like sunlight, wind, rain, tides, plants, and heat generated below the Earth's surface. The growing concerns over climate change and depletion of fossil fuel reserves have ... Read more
Introduction
Livestock farming is one of the oldest and important occupations globally. However, the traditional practices of livestock rearing are becoming inefficient and unsustainable. With growing population and demands, there is a need to enhance livestock productivity through advanced monitoring techniques. Livestock monitoring technologies are revolutionizing the way farmers manage their livestock for improved efficiency and profits.
Introduction
Oilfield stimulation involves the use of various chemicals to enhance oil and gas recovery from hydrocarbon reservoirs. These stimulation chemicals play a vital role in increasing well productivity by improving fluid flow within the reservoir formation. The need for oilfield stimulation arises due to the presence of low permeability reservoirs with complex drainage patterns that require artificial means to increase hydrocarbon flow rates. From acidizing to ... Read more
The Asia (Japan, South Korea, China, India, ASEAN) waste and biomass valorization market focuses on utilizing waste from various municipal and industrial sources for the production of biofuels, biochemicals and power. Waste from multiple sectors including organic waste from households, food waste, agricultural waste and wood waste is processed through various thermal and biological techniques to produce value-added products. With rising populations and rapid industrialization in Asia, waste ... Read more
Reliable access to electricity has become crucial to our daily lives and operations of businesses. However, power outages can occur due to various reasons like severe weather conditions, equipment failure, human error etc. which disrupt lives and cost businesses huge losses. In such situations, having backup power solutions proves to be indispensable. This article discusses the need for backup power and different available options.
The LNG bunkering market involves the use of liquefied natural gas (LNG) as a cleaner alternative fuel for ships and marine vessels. LNG provides numerous advantages over conventional marine fuels as it emits lower greenhouse gases and virtually eliminates air pollutants such as sulfur oxide and particulate matter. With the International Maritime Organization pushing for stricter regulations on vessel emissions, there is a growing imperative for ship owners and operators to switch to cleaner ... Read more
Nuclear power utilizes the heat energy released from nuclear fission to produce steam which drives turbines that produce electricity. Nuclear power is considered one of the most viable sources of low-carbon electricity as it generates a high amount of electricity with minimal carbon emissions. The nuclear power plants have been estimated to produce less than 10 grams of carbon dioxide emissions per kilowatt-hour of electricity produced. The technology has proven to be an important part of ... Read more
Cryogenic tanks are specialized vessels used to store cryogenic fluids such as liquid hydrogen, liquid oxygen, liquid nitrogen and liquid helium which are maintained at very low temperatures. These tanks play a crucial role in enabling space exploration, scientific discovery and various industrial applications. In this article, we explore the uses of cryogenic tanks along with the engineering challenges involved in their design and construction.
The global energy retrofit market is expected to be valued at US$ 134.64 billion in 2024 and is expected to exhibit a CAGR of 10% over the forecast period of 2024 to 2031.
Energy retrofit involves modifying existing residential or commercial buildings and improving their energy efficiency by installing or updating equipment, fixtures, and other systems. This helps reduce energy bills as well as carbon footprint significantly. With growing concerns around ... Read more
The biogas market comprises of equipment and services required for the production of biogas through the anaerobic digestion of organic waste. Biogas is majorly produced from agricultural waste, industrial waste, municipal solid waste and energy crops. It is a renewable source of energy and provides an alternative to conventional fossil fuels. Biogas helps in reducing greenhouse gas emissions, managing waste and creating decentralized renewable energy.
With rising concerns over climate change and diminishing fossil fuel reserves, renewable sources of energy have gained tremendous importance. Solar energy, being abundant and widely available, stands out as one of the most viable renewable energy options available to mankind. To efficiently harness and utilize solar energy, various technologies have been developed over the years. Solar collector tubes are one such innovative technology that enables collection of solar thermal energy in an ... Read more
Battery Leasing: The Future of Electric Vehicle Ownership
The rapid adoption of electric vehicles (EVs) across the globe presents both opportunities and challenges for drivers and manufacturers alike. As concerns over climate change and fossil fuel dependence grow, EVs provide an increasingly viable alternative to gasoline-powered cars. However, high upfront purchase costs and limited driving ranges have hindered wider EV acceptance. ... Read more
Energy storage is becoming increasingly important as the world shifts towards renewable and clean energy sources like solar and wind. Lithium-ion batteries currently dominate the energy storage market due to their high energy density. However, researchers are exploring alternative battery chemistries that could provide better safety and lifecycle than lithium-ion. One such promising candidate is vanadium electrolyte which has the potential to revolutionize large-scale energy storage. ... Read more
The Smart Indoor Gardening System Market is poised for transformative growth, bridging technology with the age-old art of gardening. In the estimation year of 2024, the market is set to flourish, offering a glimpse into the future of sustainable and intelligent indoor gardening. This report aims to unravel the market dynamics, size, key trends, drivers, and forecasts during the promising period of 2024-2031.
The camping power bank market caters to the increasing demand for portable power sources during outdoor recreational activities such as camping, trekking and hiking. Camping power banks are battery chargers that are compact, durable and lightweight, making them ideal for charging electronic devices like smartphones, laptops, tablets and cameras in the wilderness. With rising disposable incomes, more people are taking up outdoor adventure activities, driving up sales of camping gear including ... Read more
The Thermal Power Plant Market is primarily propelled by the escalating demand for electricity worldwide. As industries expand and urban populations grow, the need for reliable and consistent power supply becomes imperative. Thermal power plants, renowned for their efficiency and ability to produce large-scale electricity, stand as a vital solution to meet this demand. Additionally, technological advancements have enhanced the efficiency and reduced ... Read more
The Global Oilfield Services Market serves as the backbone of the oil and gas industry, providing indispensable support across exploration, drilling, production, and intervention activities worldwide. Understanding key trends, conducting Porter analysis, delving into geographical regions, and segment analysis are crucial for gaining insights into the multifaceted dynamics of the Global Oilfield Services Market.
The Global Oilfield Services Market serves as the backbone of the oil and gas industry, providing indispensable support across exploration, drilling, production, and intervention activities worldwide. Understanding key trends, conducting Porter analysis, delving into geographical regions, and segment analysis are crucial for gaining insights into the multifaceted dynamics of the Global Oilfield Services Market.
The Thermal Power Plant Market is experiencing several key trends that are reshaping its landscape. One significant trend is the increasing focus on renewable energy sources, which has led to a shift in the energy mix away from traditional thermal power plants. Despite this trend, thermal power plants continue to play a crucial role in meeting baseload electricity demand, particularly in regions where renewable energy penetration is still limited. Moreover, there is ... Read more
Current Status of Gas Turbines in the Power Sector
Gas turbines play a vital role in providing reliable power to both industrial and utility customers. According to recent studies, gas turbines currently account for over 20% of total global power generation. Their flexibility to ramp up and down quickly makes them well-suited for variable renewable integration and meeting peak demand. Over 300,000 MW of gas turbine capacity has been installed worldwide over the past ... Read more
Liquefied Natural Gas: Global Demand and Future Prospects
The Growing Global LNG Market
Over the past decade, global demand for liquefied natural gas (LNG) has increased significantly. In 2010, total global LNG trade was approximately 245 billion cubic meters. By 2020, this figure had risen to over 500 billion cubic meters as more countries looked to diversify their energy sources away from coal and oil. Several key ... Read more
LNG Adoption Rises as IMO Regulations Tighten
With new regulations coming into effect to drastically reduce the amount of sulfur allowed in maritime fuel, ship owners are scrambling to find compliant options. One solution that is gaining significant traction is the use of liquefied natural gas (LNG) as a marine fuel. The International Maritime Organization's (IMO) sulfur cap, which takes ... Read more
The renewable chemicals industry is poised for significant growth as sustainability becomes an increasingly important factor for businesses and consumers. Companies are seeking alternatives to petroleum-based chemicals that can provide environmental benefits without compromising performance.
Green Feedstocks Drive Innovation
Renewable chemicals are those produced from biomass ... Read more
Renewable Methanol: A Promising Alternative Fuel for the Future
Production of Renewable Methanol
Renewable methanol can be produced from a variety of renewable resources such as biomass, biogas or directly from carbon dioxide and hydrogen. The most common production process starts with the conversion of biomass feedstocks like agricultural waste or organic municipal waste into syngas using a gasification process. The ... Read more
