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India Envisions a Robust $2 Trillion Circular Economy by 2050

In a recent announcement, the trade association has unveiled a comprehensive roadmap outlining the National Circular Economy Framework. The plan proposes the establishment of a new governing body, the National Circular Economy Authority (NCEA), which would be tasked with executing the national Circular Economy strategy. The NCEA aims to coordinate activities across various industries and agencies, undertake regulatory reforms, and play a pivotal role in shaping the future of circular practices.

The roadmap emphasizes the potential benefits of the National Circular Economy Framework (NCEF), including reducing dependence on imported resources, decoupling economic growth from resource consumption, minimizing resource consumption and pollution, enhancing resource security, cutting costs, improving competitiveness, and attracting investments. Notably, Indian states such as Maharashtra, Gujarat, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, and West Bengal are identified as significant hubs for large-scale Circular Economy initiatives.

Key focus areas outlined in the roadmap encompass plastics, construction materials, electronic goods, and mixed municipal waste (both dry and wet). The roadmap estimates that the waste management sector in India has the potential to become a $15 billion industry. Approximately 25% of the total waste generated in the country consists of recyclable dry waste components, according to the roadmap.

The framework also asserts that India's concentrated efforts could lead to a 50% reduction in carbon emissions. Despite acknowledged challenges such as a lack of awareness, insufficient infrastructure and investment, and regulatory barriers, the framework highlights that the transition to a Circular Economy is already in progress. While some businesses and governments have started implementing Circular Economy principles, the roadmap underscores the necessity of a well-defined National Circular Economy Framework to expedite and streamline this transformative process.

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ExxonMobil Extends Lubricant Analysis Offerings with Singapore Lab Expansion

ExxonMobil inaugurated a new testing laboratory in Singapore on February 5, 2024, as an extension of its Mobil Serv lubricant analysis service tailored for commercial clients. The primary objective of the facility is to streamline access to insights that reduce time and expenses, ultimately enhancing machinery uptime for those utilizing Mobil-branded lubricants.

The Singapore lab's opening is set to enhance the Mobil Serv Lubricant Analysis service, aiding customers in saving time and costs while promoting equipment reliability and productivity, according to Glen Sharkowicz, ExxonMobil Aviation and Marine Global Marketing Manager. The facility is designed to potentially reduce sampling time by up to 66%, providing essential information for maintaining equipment productivity and minimizing expensive repairs.

Mobil Serv utilizes algorithms and oil database analysis to generate actionable recommendations based on used lubricant samples. This approach supports users in enhancing equipment reliability, efficiency, and sustainability, as highlighted by the company.

Goh Chung Hun, Head of Fleet Division at Pacific International Lines (PIL), expressed satisfaction with the collaboration with ExxonMobil. He mentioned that it has allowed PIL to monitor equipment health and optimize lubricant usage across their fleet, leading to improved cost-efficiency in operations. Goh Chung Hun also expressed confidence in the newly established lab in Singapore, anticipating that it would further facilitate timely analytical services to enhance fleet uptime, aligning with PIL's objective of "driving connectivity" for their customers.

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Brenntag announces acquisition to expand into Southern Italy

Brenntag, a global leader in the distribution of chemicals, has unveiled its strategic move into Southern Italy through the acquisition of a chemical logistics site from Chimica D’Agostino in Bari. The announcement, made on February 5th, marks the company's expansion efforts as it continues to solidify its presence in key regions. The 35,000 square meter facility not only strengthens Brenntag’s foothold in Southern Italy but also strategically enhances its regional network. This acquisition, coupled with an existing site in Anagni, positions Brenntag to provide improved services along both the Adriatic and Tyrrhenian coasts.

Ignazio Vullo, President of Brenntag Essentials EMEA South, emphasized the significance of the location in line with their broader strategy, stating, “The location perfectly fits our strategy to grow service offerings and be the most trusted supplier across all industries.” The Bari site boasts essential features such as tank storage, powder warehousing, and blending capabilities. This comprehensive facility not only aligns with Brenntag’s growth objectives but also expands the company’s last-mile delivery options, enabling better support for its regional customer base.

This investment is part of Brenntag Essentials’ overarching plan, known as the “Strategy to Win,” aimed at increasing the company’s footprint to improve proximity and solidify its market position. Brenntag, as the global leader in chemical and ingredient distribution, continues to connect customers and suppliers through strategic acquisitions, ensuring a comprehensive and reliable supply chain for industries worldwide. The move into Southern Italy underscores Brenntag's commitment to expanding its service capabilities and reinforcing its position as a trusted partner in the chemical distribution landscape.

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Exxon boosts oil production in Guyana to approximately 645,000 barrels per day

Exxon Mobil Corp, spearheading a consortium that governs all oil production in Guyana, has successfully increased daily output to approximately 645,000 barrels, signaling a noteworthy surge from the levels recorded in late 2023, which stood at around 400,000 bpd. This positive development was revealed during a press conference held by the U.S. producer on Tuesday. Guyana has swiftly established itself as the world's fastest-growing new oil province, propelled by discoveries exceeding 11 billion barrels of oil and gas, a collaborative effort led by Exxon and supported by partners Hess Corp and CNOOC Ltd.

The operational platforms, including Liza Destiny, Liza Unity, and Prosperity, are not only meeting but surpassing their initial capacity estimates. Collectively, these platforms contribute 160,000 bpd, 250,000 bpd, and 230,000 bpd, respectively. The consortium is strategically positioned to advance up to 10 offshore projects, with proposed budgets reaching approximately $40 billion for six projects, of which $29 billion has already been invested. The fourth, fifth, and sixth projects – Yellowtail, Uaru, and Whiptail – are anticipated to possess a production capacity of 250,000 bpd each, charting a course for Guyana's oil output to exceed an impressive 1.2 million bpd by the year 2027.

This surge in oil production not only underscores the region's pivotal role in the global energy landscape but also highlights the consortium's commitment to strategic development and sustained growth in Guyana's burgeoning oil sector. As the consortium continues to invest in and explore additional offshore projects, Guyana is poised to further solidify its position as a key player in the international energy arena.

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Ultraviolette and HPCL will collaborate to develop an electric vehicle (EV) charging network

Ultraviolette Automotive and Hindustan Petroleum Corporation Limited plan to establish EV charging infrastructure at HPCL's nationwide energy stations initially, with potential expansion for additional business opportunities later. In a move to support the transition to electric two-wheelers, HPCL collaborates with Ultraviolette to set up charging networks on highways, starting in the Southern region. Ultraviolette, known for its high-performance F77 electric motorcycle, launched in November 2022, plans to introduce its second model, the F99, in the Indian market next year.

Regarding EV charging infrastructure, the Ministry of Heavy Industries sanctioned INR 800 crore under the FAME-II scheme for three PSU oil marketing companies, including HPCL, to set up 7,432 public fast-charging EV stations across the country, to be completed by March. HPCL actively works on charging infrastructure and collaborates with various EV OEMs, aiming to commission 5,000 charging stations by 2023-24. In April last year, Statiq secured a tender from HPCL to install over 500 chargers at its outlets across various states.

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TotalEnergies and Point S Forge Global Partnership to Enhance Vehicle Maintenance and Supply Chain Efficiency

TotalEnergies Lubricants, a premier producer of lubricants, has entered into a new global service agreement with Point S, the leading independent network for tire and vehicle maintenance, as announced by the French energy conglomerate..

This business collaboration is designed to offer top-notch tires, parts, and tailor-made vehicle maintenance solutions at over 6,185 Point S locations across 51 countries. The partnership notably enhances the cooperative efforts in the supply chain regarding TotalEnergies’ Quartz brand of engine oils and vehicle fluids..

The companies have described this agreement as a step towards better meeting global customer needs through dependable service and careful attention. The partnership also aims at achieving safety and global growth by leveraging their joint strengths..

Point S brings its acknowledged expertise in garage services, which TotalEnergies believes will boost the visibility and trust in its products through the endorsement and recommendations of professional technicians. Additionally, this collaboration guarantees a steady demand for Quartz products, offering a buffer against market variability through diversified distribution..

TotalEnergies, which has licensing agreements for Quartz products with manufacturers such as Renault and Jaguar Land Rover, will now be able to provide continuous supply of service parts to Point S locations, offering advantages to equipment owners. This alliance also allows Point S to expand its product range and benefit from the economic scale of purchasing from larger suppliers..

Both parties have also highlighted their joint commitment to ethical business practices and sustainability as key components of their collaboration. This includes initiatives in climate change mitigation, adopting circular economy practices, and supporting communities through initiatives like the TotalEnergies Foundation..

As the dominant lubricant producer in Europe, TotalEnergies commands a 20% market share in the retail fuels and lubricants sector in France, with its branding present at 53% of the country’s service stations. The company is focused on international growth, aiming to double its global lubricant revenues by 2030, including through expanding its brand presence..

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