Tag: petroleum

Royal Dutch Shell Success Story- Safely Marketing and Distributing Energy and Petrochemical Products

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Royal Dutch Shell.

The United States itself utilised an estimated 20.5 million barrels of petroleum per day in 2018, according to the US Energy Information Association. This equates to around 7.5 billion barrels per year or about 22% of estimated worldwide petroleum consumption.

As world economies and infrastructure keep relying significantly on petroleum-based commodities, the world’s dependency on oil and gas is escalating. Even with a weakening world economy and dwindling oil supplies, discussions about when the world’s oil and gas output would peak seem to remain on the outskirts.

Nevertheless, the oil and gas industry maintains to have great weight in global economics and politics, notably in employment conditions, with the US oil and gas industry employing at least 10 million people.

Shell is an oil & gas multinational business headquartered at The Shell Centre in London, United Kingdom. Shell is a publicly-traded corporation based in the United Kingdom that is primarily traded on the London Stock Exchange (LSE).

It is one of the “largest companies” in the oil and gas sector. Shell is one of the world’s largest corporations in terms of sales and earnings, consistently ranked in the top ten of the Fortune Global 500 since 2000.

Here’s learning all about Royal Dutch Shell, its Founders and Team, Funding and Investors, Business and Revenue Model, Growth, Challenges Faces, Name, Tagline, Logo and more.

Royal Dutch Shell – Company Highlights

Startup Name	Royal Dutch Shell
Predecessors	Royal Dutch Petroleum Co. (1890); Shell Transport and Trading Co. of the United Kingdom (1897)
Headquarters	London, England, United Kingdom
Industry	Energy: Oil and gas
Founders	Marcus & Samuel Samuel
Founded	April 1907
Areas Served	Worldwide
Current CEO	Ben van Beurden
Website	www.shell.com

About Royal Dutch Shell

Royal Dutch Shell is a multinational oil and gas business. The corporation looks for and produces oil and gas in traditional fields and sources such as tight rock, shale, and coal. It owns and runs refineries and petrochemical plants all around the world.

Shell sells lubricants, bitumen, and liquefied petroleum gas, as well as petrochemicals such as raw ingredients for plastics, paints, and detergents. In Brazil, the firm is a major biofuel producer. It’s also involved in liquefied natural gas (LNG) and gas-to-liquids (GTL) projects.

In Europe, Asia, Oceania, Africa, North America, and South America, the corporation sells its products directly and indirectly through distributors. The Hague, the Netherlands, is where Shell’s headquarters are located.

The business is categorized into three groups: upstream, downstream, and corporate.

The Upstream section searches for and extracts crude oil and natural gas, develops fields, produces oil and gas, mines oil sands, extracts bitumen, cools the gas, regasifies LNG, converts gas to liquid goods, and generates wind energy.
Oil refining into fuels and lubricants, petrochemical manufacturing, biofuel development, trading, rental sales, carbon dioxide emissions management, business-to-business sales, and alternative energy firms are all part of the Downstream segment.
Shell’s non-operating businesses, including its assets and treasury organisation, its headquarters and central services, and insurance firms, are included in the Corporate section.

Shell operates in over 99 countries, produces roughly 3.7 million barrels of oil equivalent per day, and has over 44,000 service stations throughout the world. Shell had total proven reserves of 11.1 billion barrels of oil equivalent, as of now.

One of its greatest businesses is Shell Oil Company, its main subsidiary in the United States. Royal Dutch Shell owns 44% of Razen, a publicly-traded joint venture with Cosan that is Brazil’s third-largest energy firm by revenue and a significant ethanol producer.

Royal Dutch Shell – Latest News

10 Jan 2022 – Oil and gas firm Royal Dutch Shell has surfaced as an unexpected bidder for Sprng Energy, Actis Llp’s Indian renewable system that is available for auction. Shell, the largest global seller of liquefied natural gas, will compete for the possible billion-dollar purchase alongside Macquarie, an Australian infrastructure fund, and CPP Investment Board (CPPIB), a Canadian pension fund.

After an initial round of screening from a list of over 20 possible applicants who had signed non-disclosure agreements, all three were selected last week. Shell’s non-binding equity bid of $1.2 billion is said to have beaten out all others. These assets have a $960 million debt.

Dec 15, 2021 – Indore-based green consultant EKI Energy Services will enter into a partnership with oil company Royal Dutch Shell that would invest $1.6 billion over five years to supply “environment-based solutions” to Indian industries.

As part of Shell’s strategy to develop in India’s renewables area, the joint venture would aim to produce 115 million carbon credits in the next five years. Shell will control the remaining 49 percent of the joint venture, with EKI Energy owning 51 percent.

Nov 16, 2021 – As the energy giant swings away from oil and gas, Royal Dutch Shell would ditch its dual share structure and relocate its headquarters to the United Kingdom from the Netherlands, forced out by Dutch taxation and facing climate pressure in court.

The business plans to delete “Royal Dutch” from its name, which has been an essential part of its brand since 1907, into becoming Shell Plc. It has previously faced challenges from investors about its dual structure and was recently struck by a Dutch court ruling over its climate ambitions.

Shell has been in a long-running legal battle with the Dutch government over the country’s 15% dividend withholding tax, which it attempted to dodge through its two share classes.

Shell’s new unitary structure would alleviate this problem and enable it to complete sales and acquisitions more quickly. The main Dutch state pension fund, ABP, said that it will withdraw Shell and all fossil fuels from its portfolio, further severing ties with the Netherlands.

Royal Dutch Shell – Industry

Oil prices have reached their greatest levels in six years, and the oil and gas industry has returned well during 2021. While the sector’s comeback is stronger than projected, market dynamics in the future year remain unpredictable.

After going negative in April 2020, oil prices have recovered to roughly $80/bbl. However, common thinking suggests that when oil prices are high, oil and gas firms would have less capital discipline and will focus on their core business rather than sustainable marketing options.

As a result, it is frequently considered that high oil costs will stifle the energy shift. Oil prices above $60 per barrel, according to 76 percent of questioned O&G executives, will most likely increase or enhance their energy revolution shortly.

The 2020 oil price fall resulted in the sharpest layoffs in the industry’s history. Since then, prices have roughly doubled, and yet only approximately half of the jobs being lost have returned. The industry’s credibility as a dependable employer is being harmed by periodic staffing and firing, and a tenured, ageing workforce is limiting potential talent.

In a congested labour market, it would be difficult for O&G firms with advanced initiatives and sound balance sheets to stand out to employees. Although a commitment to decarbonization may be the most compelling recruiting pitch, more than 75 percent of survey respondents believe that flexible and agile workforce structures that empower remote, hybrid, and cross-border teams will help companies compete for and retain talent in today’s tight labour market.

Royal Dutch Shell – Name, Logo, and Tagline

Once the firm combined with Royal Dutch to become the Royal Dutch Shell Group in 1907, ‘the Shell’ part of the company name started to deteriorate for a short time, but the newly established corporation rapidly became known as Shell for short.

Shell Logo

Royal Dutch Shell’s tagline says, “You Can Be Sure of Shell.”

Royal Dutch Shell – Founders

The Royal Dutch Shell Group was formed in February 1907 by the merger of two competing firms: the Royal Dutch Petroleum Company and the United Kingdom’s “Shell” Transportation and Trading Company Ltd.

When King William III of the Netherlands granted a Royal charter to a small oil exploration and production company known as “Royal Dutch Company for the Working of Petroleum Wells in the Dutch East Indies,” Jean Baptiste August Kessler and Henri Deterding founded the Royal Dutch Petroleum Company in 1890.

Marcus Samuel and his brother Samuel Samuel formed the “Shell” Transport and Trading Company in 1897 in the United Kingdom.

Royal Dutch Shell – Startup Story

The Royal Dutch Shell Group was formed in February 1907 by the merger of two competitor companies: the Royal Dutch Petroleum Company and the United Kingdom’s “Shell” Transport and Trading Company Ltd. It was mainly motivated by the necessity to compete with Standard Oil on a worldwide scale.

According to the conditions of the merger, the Dutch arm would hold 60% of the new company and the British would own 40%. A comprehensive merger or acquisition of either company would be prohibited by patriotic sentiments.

Koninklijke Nederlandsche Petroleum, a Dutch business, was in charge of production in The Hague. The Anglo-Saxon Petroleum Company, located in London, was founded to oversee the storage and transportation of the goods.

Shell was the primary fuel provider to the British Expeditionary Force during WW 2. This was the only source of aircraft fuel and 80 percent of the TNT used by the British Army. Also, it offered the British Admiralty all of its vessels.

Shell purchased the Mexican Eagle Petroleum Company in 1919 and founded Shell-Mex Limited in 1921, which sold products in the United Kingdom under the “Shell” and “Eagle” trademarks. Shell Chemicals was formed in 1929. Shell was the world’s top oil business by the end of the 1920s, generating 11% of the globe’s crude oil supply and holding 10% of the world’s tanker traffic.

Royal Dutch Shell – Vision, and Mission Statement

Royal Dutch Shell’s mission statement says, “To safely market and distribute energy and petrochemical products while offering innovative value-added services.”

Royal Dutch Shell’s vision statement says, ” They make the difference through our people, a team of dedicated professionals, who value our customers, deliver on our promises and contribute to sustainable development. “

Royal Dutch Shell – Employees

Samuel Samuel – Founder
Michiel Brandjes – Company Secretary and General Counsel
Simon Henry – Shell Oil Company Investor Relations
Steve Mutch – Next Generation ERP COE Lead
Daniel Jeavons – VP Computational Science & Digital Innovation
Ed Daniels – Executive Vice President – Strategy & Portfolio
Gillian Hynes – Senior Talent Advisor, Downstream
Nick Feast – Special Advisor, Exploration

Royal Dutch Shell – Business Model, and Revenue Model

The company’s primary business is hydrocarbon exploration, production, processing, transportation, and marketing (oil and gas). Shell also has a sizable petrochemicals company (Shell Chemicals) and a fledgling renewable energy sector that is exploring wind, hydrogen, and solar power.

The business is categorized into three groups: upstream, downstream, and corporate.

The Upstream section searches for and extracts crude oil and natural gas, develops fields, produces oil and gas, mines oil sands, extracts bitumen, cools the gas, regasifies LNG, converts gas to liquid goods, and generates wind energy.
Oil refining into fuels and lubricants, petrochemical manufacturing, biofuel development, trading, rental sales, carbon dioxide emissions management, business-to-business sales, and alternative energy firms are all part of the Downstream segment.
Shell’s non-operating businesses, including its assets and treasury organisation, its headquarters and central services, and insurance firms, are included in the Corporate section.

Royal Dutch Shell – Funding, and Investors

Royal Dutch Shell has secured $750 million in a single round of fundraising.

Date	Round	Amount	Lead Investors
Oct 27, 2021	Post-IPO Equity	$750M	Third Point

Royal Dutch Shell – Investments

Royal Dutch Shell has invested in 18 companies.

Date	Organisation Name	Round	Amount
Jan 6, 2022	Silicon Ranch	Private Equity Round	$775M
Dec 16, 2020	Silicon Ranch	Private Equity Round	$225M
Aug 21, 2020	RVE.SOL	Grant	–
Apr 16, 2020	Haishangxian	Funding Round	–
Dec 12, 2019	Esco Pacific	Corporate Round	–
Nov 5, 2019	Powergen Renewable Energy	Series B	$15M
Apr 3, 2019	EcoSmart Solution	Corporate Round	–
Dec 19, 2018	Cleantech Solar	Corporate Round	–
Aug 28, 2018	Zhenkunxing	Series C	$129M
Aug 28, 2018	Zhenkunhang	Series C	$129M

Royal Dutch Shell – Acquisitions

Royal Dutch Shell has acquired 13 companies.

Acquiree Name	About Acquiree	Date	Acquisition Amount
Savion	Savion develops utility-scale, greenfield solar photovoltaic power projects across the country for renewable and cost-effective energy.	Dec 14, 2021	–
Inspire Energy Capital	Inspire Energy Capital offers renewable energy to customers via a variety of innovative services.	Jul 28, 2021	–
Next Kraftwerke	Next Kraftwerke is the operator of a Virtual Power Plant (VPP ) & a trader on various European power markets.	Feb 25, 2021	–
ubitricity	Ubitricity focuses on developing charging infrastructure for electric vehicles.	Jan 25, 2021	–
Eolfi	EOLFI is an independent company specializing in wind energy.	Nov 5, 2019	–
Sonnen	Sonnen is a pioneer for intelligent lithium-based energy storage.	Feb 15, 2019	–
Greenlots	Greenlots delivers innovative software, services, and expertise that empowers utilities, cities, communities, and automakers.	Jan 30, 2019	–
Hazira LNG and Port	Hazira LNG and Port is an energy company that is engaged in creating long-term wealth for the benefit of the country.	Jan 9, 2019	–
First Utility	First Utility is an independent energy supplier in the UK which helps customers save money on their energy bills.	Dec 21, 2017	–
NewMotion	Electric Mobility Service Provider	Oct 12, 2017	–

Royal Dutch Shell – Growth

Royal Dutch Shell’s revenue for the quarter ended September 30, 2021, was $61.555 billion, up 37.65% from the previous year.
Royal Dutch Shell’s revenue for the year ended September 30, 2021, was $227.462 billion, up 1.89 percent from the previous year.
Royal Dutch Shell’s yearly revenue in 2020 was $183.195 billion, down 47.97 percent from 2019.
Royal Dutch Shell’s yearly revenue in 2019 was $352.106 billion, down 11.21 percent from 2018.
The yearly income of Royal Dutch Shell was $396.556 billion in 2018, up 27.15 percent from 2017.

Royal Dutch Shell – Competitors

Top competitors of Royal Dutch Shell are :

Imperial Oil Limited
ConocoPhillips Company
Chevron Corporation
Exxon Mobil Corporation
BP p.l.c
Petro-Canada
Hess Corporation. 2,075
ADNOC

Royal Dutch Shell – Challenges Faced

For more than a century, the oil sector has been immersed in operations globally, and it has seen many hazards connected with working in diverse nations at the same moment. Shell, which is operating in more than 70 countries around the globe, experienced several issues as a result of its business methods, technology, and operational environment.

The company had the most serious issues which include its business in Nigeria, where it was a victim of oil theft and pilferage, resulting in massive setbacks; its Arctic venture, where it encountered technical difficulties as well as issues with local environmental conservation groups; and its US shale operational processes, where Shell received no returns despite significant investments.

Royal Dutch Shell – Future Plans

As of May 2021, Shell’s proposal got 88.74 percent of shareholder votes, according to the firm. The executive of the Anglo-Dutch oil company had asked for endorsement for its Energy Transition Strategy, which received the first vote of its sort in the energy industry.

While the outcome was not binding, it was considered likely and theoretically gives Shell a shareholder authorization to pursue its goals to achieve net-zero emissions by 2050. However, 11% of Shell’s stockholders voted against the company’s own climate goals. In contrast, up to 99 percent of investors accepted management advice on 19 other resolutions proposed during the online AGM.

At this time, over five years after the Paris Agreement was approved by almost 200 nations, no oil and natural gas major has revealed how it plans to meet its ambitions of being a net-zero firm by 2050 or before.

The historic climate change agreement is largely seen as vital to averting an irreparable global calamity. Shell’s Energy Transition Strategy, which was released earlier this year, detailed the company’s goals to achieve net-zero emissions by 2050.

It plans to cut net carbon emissions by 6% to 8% by 2023, compared to 2016 levels. By 2030, the goal has risen to 20%, 45 per cent by 2035, and 100 per cent by 2050. The firm has said that it would alter its strategy every three years until 2050.

Royal Dutch Shell – FAQ

What does Shell do?

Shell is an oil & gas multinational business headquartered at The Shell Centre in London, United Kingdom. It owns and runs refineries and petrochemical plants all around the world. Shell sells lubricants, bitumen, and liquefied petroleum gas, as well as petrochemicals such as raw ingredients for plastics, paints, and detergents.

How does Shell make money?

Which companies do Shell compete with?

Imperial Oil Limited, ConocoPhillips Company, Chevron Corporation, Exxon Mobil Corporation, BP p.l.c, Petro-Canada, Hess Corporation. 2,075, and ADNOC.

When did Shell come to India?

Shell entered India with its retail fuel business in November 2004.

February 10, 2022

How Does Fuel Pricing Affects all the Industries?

The price of fuel has always been a concerning issue in the country. When the pricing of Fuel rises, it majorly impacts the lives of the common man and the wholesome economy. And, soon after the latest round of fuel price hike by the OMCs (Oil Marketing Companies), the prices of petrol and diesel increased prominently. And if the prices keep on increasing, the lives of citizens and the economy will be highly affected.

The price of Petrol has reached up to INR 90 per litre and in some places, it has crossed the limit of Rs 100. And The same case with the Diesel too.

The increased fuel pricing has become such a problem that people are even smuggling from neighbouring countries. The rise in fuel price brings a devastating impact on the economy majorly, which is already suffering from the Covid crisis.

The rise in fuel prices affects most transportation industries. Also, businesses depend on logistics and transportation chains.

In this article, we have discussed the effects of increased fuel prices on the economy including other industries and to the lives of common people. Let’s get started!

Effects of Increased Fuel Price
How Increased Fuel Prices Affects Other Industries?
Relationship between fuel prices and economy
FAQ

Effects of Increased Fuel Price

When the fuel prices rise, we know businesses and households are affected broadly. However, it impacts majorly through two things- Inflation and reduced economic growth. Let’s get started with Inflation first,

Inflation

In inflation, the products made up of petroleum are affected directly. Moreover, it indirectly affects the industries of manufacturing, heating and transportation. This can lead to an increase in the price of many other products and services.

And according to the increase in fuel price, the consumption price also increases based on the production.

Reduced Economic Growth

The increased price of oil highly affects the economy as well. It reduces the growth of the economy through the demands and merchandise of goods other than fuel. It reduces the demands of those goods because of the increased price of producing them.

How Increased Fuel Prices Affects Other Industries?

Retailers

As fuel is the basic essential to transportation for every mankind. Therefore, they spend a large fraction of their income on fuel purchasing and due to this, the retailers suffer the most as the discretionary spending’s by customers become very low. And if the fuel prices rise, the supplier would deliver its products very rarely to the malls and shopping centres.

And this would highly affect the marketing sector and increase every material’s price.

Public Transportation

When the fuel prices rise, people often prefer public transportation ridership. Because sharing the transport would cost less compared to driving your own vehicle with so expensive fuel in the tank. This also saves from the wastage of fuel in the traffic and would cost less for people. The usage of public transportation is becoming higher in every place with the increased fuel prices.

Airlines

Airlines’ largest operating cost goes to the fuel expenses which is directly related to oil procurement. When the fuel prices rise, the airlines are affected broadly from the core of their surface.

Therefore, when the fuel prices rise the airlines are compelled to increase the charges on the flight tickets from their customers. This results in fewer airways travelling and a huge burden of expenses for the people.

So when such a scenario happens, the airlines tend to buy or sell the future estimated fuel prices through the investment perspectives. This is called fuel hedging. Besides, this will protect the airlines against the increased fuel prices.

Automobile Industry

The automobile industry is widely dependent on fuel consumption. These industries would fall apart if the fuel prices keep increasing. That’s why the automobile industry put its main focus on the manufacturing of smaller, fuel-efficient vehicles such as electric or hybrid vehicles. These could travel up to 250 miles based on their charging extent.

People have also highly preferred such modification and the purchasing of these vehicles has been increasing over time.

List of Fuel delivery Startups around the world

As Covid-19 restrictions has forced all of us to stay in homes, these fuel delivery startups are providing doorstep delivery of fuel.

StartupTalkyAlan Joseph

Relationship between Fuel prices and Economy

In the 1970s, the two aforementioned huge fuel shocks were noted based on high unemployment and low growth. This period is also referred to as Stagflation. So it’s likely to say that the fuel prices are directly linked to the economy and anything if unusual happens, the economy is affected majorly. The fuel prices cause a wide fluctuation in the economy of the country.

Looking back at history, the 1990s and 2000s were recorded as the most huge economic fluctuation period compared similarly to the fuel shocks of the 70s. The relationship between these two could be very convenient as well as challenging. This widely affected the GDP growth and unemployment rate in the country.

Conclusion

Over a long time, many economists and analysts have debated on the extent of the effect caused by the fuel prices on the economy of the country and the lives of common people. However, with the recorded research and data we can not deny the fact that the spending habits, consumers confidence correlates with the increased fuel prices.

And when the price of fuel increases, the economy including many other industries are affected on a wide scale and results in some absolute alternatives or faces loss. The lives of normal people have affected the most and this benefits some industries as well as cause some major loss to others.

Many surveys have been made on such situations and all those have proved some relation either direct or indirect between the fuel prices and economy of the country.

FAQ

Which industries are affected by the oil prices?

Airlines, Transportation and Automobiles are some of the most affected sectors by the rising fuel prices.

Why are fuel prices increasing in India?

Fuel prices have been rising in India due to a rise in crude oil prices in the international market.

July 14, 2021
Importance of Ethanol in Economy and why India is Spending $7 Billion in Ethanol production?

India has been planning to shift more into a much greener source of energy. The country has decided to increase the production of Ethanol to increase the production by 2025. Let’s look at the importance of Ethanol in the economy and why India is planning to spend an amount of around USD 7 billion for the production of Ethanol.

Ethanol Production in India – Latest News
The reason why India is Spending $7 Billion in Ethanol production
How Ethanol is made in India?
How will Ethanol benefit Indian Economy?
FAQ

Ethanol Production in India – Latest News

India has announced that the country is planning to spend an amount of USD 7 billion in order to boost Ethanol production as the country is planning to reduce the dependency on importing the foreign oil and to increase the roll out of much more greener sources of energy.

India’s oil secretary, Tarun Kapoor had conveyed in an interview that in order to meet the 20 % ethanol blended fuel standard by the year 2025, there will be a requirement of 10 billion litres of Ethanol.

The reason why India is Spending $7 Billion in Ethanol production

The Ethanol production target is estimated to be more than triple the amount of Ethanol that is going to be produced as compared to the Ethanol production as of November 2021. As of now, Ethanol produces 9% of the gasoline blend added Tarun Kapoor.

This move is expected to require around USD 500 billion for the investments in order to build new bio-refineries. The Prime Minister of India, Narendra Modi had also conveyed in the month of June 2021 that the target of the nation in order to make gasoline of 20 % ethanol by the span of 5 years by 2025 is expected to save a huge amount for the country.

The increase in the Ethanol production is expected to save around USD 4 billion annually. This move will also help in increasing the use of renewable sources of energy as India is the world’s third largest importer of oil and this will help in turning the excess rice and damaged foods of the country into Ethanol.

Is Landomus Group really willing to Invest $500 Billion India to help fight the pandemic?

Landomous Group which is a lesser-known US firm has announced that it would liketo invest an amount in India. The firm has said that it would want to invest USD500 billion by making an appeal to PM Narendra Modi. Let’s look at whether thecompany really wants to invest the amount. Landomus Realty…

StartupTalkyAlan Joseph

How Ethanol is made in India?

As of now, the majority of the country’s Ethanol output is made up of the molasses that is obtained from sugarcane. However, the South Asian nations are trying to push for much more production from sources other than sugar which is estimated to make only 10 % of the contribution to the Ethanol production.

The Government has also conveyed that they would provide financial assistance for setting up the distillation units which will rely more on molasses and the grains for raw materials. According to Tarun Kapoor, the country is expected to reach a stage where the contribution for production of Ethanol will be 50 % grain based and 50 % sugar based.

Production volume of ethanol in India

How will Ethanol benefit Indian Economy?

The Ethanol industry will create a lot of jobs in the economy both direct and indirect jobs other than these the Ethanol will boost the rural economies; the co-product provides a valuable market for the corn grown.

Ethanol also helps in reducing the dependency on energy dependence and will reduce the importing of oil barrels of the country. The Ethanol biorefineries also make more than the fuel they also contribute towards food by providing nutritious animal feed like distillers grains. This is one of the most sought-after animals feeds as it is very nutritious.

Ethanol also contributes towards removing carbon from the environment which is expected to remove around pollution caused by 10 million cars on the road. It is also a cleaner and more greener option compared to the traditional fuel options.

List of Fuel delivery Startups around the world

The Covid-19 restrictions around the world has led to an opportunity in themarket for the fuel delivery startups. The companies would be able to see anincrease in demand for their services as the consumers would prefer stayingindoors and to avoid much exposure. Here are the list of fuel delivery …

StartupTalkyAlan Joseph

Conclusion

Ethanol has already been extensively adopted in the United States and has been contributing to the country’s economy. The approach taken by the Government of India towards increasing the production of Ethanol will be a significant step in the major sectors of the economy from Automobile to Agriculture.

FAQ

Who is the largest producer of ethanol in India?

Uttar Pradesh has become on of the highest producer of ethanol in the country with the number of distilleries producing the solvent from heavy molasses, a by-product of cane juice.

Is ethanol production profitable in India?

The profit on ethanol production has come down to 5rs/litre.

What is Ethanol used for?

Ethanol is an industrial chemical; it is used as a solvent, in the synthesis of other organic chemicals, and as an additive to automotive gasoline (forming a mixture known as a gasohol).

June 15, 2021
List of Fuel delivery Startups around the world

The Covid-19 restrictions around the world has led to an opportunity in the market for the fuel delivery startups. The companies would be able to see an increase in demand for their services as the consumers would prefer staying indoors and to avoid much exposure. Here are the list of fuel delivery startups around the world.

Yoshi
Booster
Zebra Fuel
Filld
51autogo
MyPetrolPump
FuelBuddy
Pepfuels
Humsafar
FAQ

Yoshi

Yoshi is an online platform which enables users to order fuel when there is a requirement. The company also provides a feature of scheduled refueling. The gas and refueling service provided by the company are on a contactless basis.

The users will just have to provide the location of their car and the fuel would get delivered according to their convenience. Yoshi was started in the year 2015 and has its company located in Palo Alto, United States.

Booster

Booster is also an online platform that provides the delivery of gasoline and diesel. They were formerly known as Booster fuels. Users will just have to provide the location details of where their car is parked and open the gas tank. The company executives would arrive, fill it and the invoice would be provided through the mobile application.

Apart from fuel delivery the company also provides services such as cleaning tires and washing windows. Currently the company operates in the San Francisco Bay and the Dallas Fort Worth areas of United States. It was founded in the year 2014.

Zebra Fuel

Zebra fuel is also a mobile application-based fuel delivery startup. According to the requirement of the users the company would send a minivan and an executive who would fill the fuel according to the requirement.

The company claims that their price to be competitive compared to the inner-city fuel as they purchase the fuel for a whole sale price. The startup also charges a small amount as a service fee according to the timings of the requirement. The startup was founded in the year 2016 and has its headquarters in London, United Kingdom.

Filld

Filld is also a mobile application-based fuel delivery startup. According to the request placed by the user the company would send an executive to the location with the fuel. The user will have to pay a small delivery fee and the local average price for the fuel.

The startup was founded in the year 2015 and has its headquarters located in Palo Alto, United States.

Economical Impact of COVID-19 on Oil and fuel Industries all over the world

As everyone is aware of the COVID-19 situation the world is facing right now. Onthe brink of this cliff, we can just hope that everything goes back to normal.Into the list of unprecedented victims, the Oil Industry has been added to itsuccessfully. The chaotic change in the prices of Oil during C…

StartupTalkyVibhavari Madki

51autogo

51autogo is a mobile application which helps the users in finding the gas stations. The users will be able to locate the nearest fuel station according to their location. The startup was founded in the year 2015 and has its headquarters located in Beijing, China.

MyPetrolPump

MyPetrolPump is an online platform which lets user buy fuel according to their requirement. It offers fuel according to the demand with a door step delivery. Users will have to book the required amount through their app and they would source the fuel from the local fuel station and deliver it.

The mobile application is available for both Android and iOS users. The startup was founded in the year 2016 and has its headquarters located in Bangalore, India.

FuelBuddy

FuelBuddy claims to be the first legal startup in India to have permissions to provide the delivery of fuel across the country. Their mobile application is available for both Android and iOS users. They provide fuel according to the required quantity and the scheduled time by the customers.

FuelBuddy had acquired MyPetrolPump as the latter company focuses on bulk orders and MyPetrolPump provides retail individual services.

Pepfuels

Pepfuels is also a fuel delivery startup. The users will have to book the required amount of fuel through the website of the mobile application of the company. They will have to register their details and provide the information about the location.

The startup was founded in the year 2017 and provides services in the Asia-Pacific region.

Top Oil and Gas Companies in India (2020)

Oil and Gas Companies in India are one of the core industries of the country andthe backbone of the economy. Petroleum companies in India are one of the rulingindustries forming a core part of industrialization. They are among the eightcore industries playing a major role in the economy of India.…

StartupTalkyYash Gupta

Humsafar

Humsafar is also another fuel delivery based startup. The user will have to install the mobile application, enter the details and place the order. The startup provides services to sectors such as construction sites, manufacturing and mining industry, hotels, hospitals, schools, automobile industry, earth moving equipment and gensets, agriculturists

The company was founded in the year 2016 and has its headquarters located in Delhi, India.

FAQ

What is fuel delivery system?

The fuel delivery system consists of all the components which supply the engine with fuel.

Can I buy petrol online?

You can place your order online and get fuel delivered at your location.

Can I get petrol delivered?

Yes, you can get petrol delivered to your doorstep.

Conclusion

The fuel delivery startups in India are expected to grow in the recent years. It is estimated that INR 2,000 crore market has been opened for the fuel delivery startup in the country. In the same way the fuel delivery startups across the world have seen an increase in demand.

May 23, 2021
Reasons How Castrol India witnessed a huge profit in Q1 2021

In the first quarterly results of the leading lubricant player Castrol India, there was a huge rise in their profit and almost doubling of their net income compared to the previous year. It was announced during the company board meeting which was held on 26 April 2021. Let’s look at the reasons why Castrol India saw a huge profit in the Q1 of 2021.

About Castrol India
Results of Castrol India
Reasons for the Profit
FAQ

About Castrol India

Castrol India is an automotive and industrial lubricant manufacturing company. The company owns around 20% of the market share in the overall Indian lubricant market. The company was founded in the year 1910 and has its headquarters located in Mumbai, India.

The company comes under the oil and gas industry. Some of the products of the company include Oil, petroleum, petrochemical and lubricants. In India, Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants.

In various parts of the country, there has been a slowdown in the industrial activities due to the second wave of the pandemic. The company has said that there have been disruptions in the supply of base oil, availability of raw materials and certain other challenges such as logistics and rupee depreciation.

The Covid-19 Pandemic Proved To Be Lucrative For These Industries

The sudden outbreak of the Covid-19 pandemic has left no industries and sectorsunscathed, worldwide. And many parts of the economy have taken a hit because ofit. While the pandemic has created global economic uncertainty, it has also provedto be lucrative for some industries and created new mark…

StartupTalkyRishita Jain

Results of Castrol India

On 26 April 2021 during the board meeting of Castrol India, the company had announced that its net income had more than doubled itself compared to the previous year. The first quarter net income for the month of January to March was about INR 243.6 crores against the previous quarterly results which were about INR 125.2 crores.

The revenue of the company had grown to INR 1,138.7 crores in the first quarter from the previous year of INR 688 crores. The revenue of the company for the previous year which ended in December 2020 was about INR 2,996.9 crores and the net income of the company was around INR 582.9 crores.

For the first quarter of 2021, the company’s revenue from operations has seen a growth of around 66% which amounted to INR 1,138.7 crores and Castrol India had seen their profit grow to more than double to INR 243.6 crores compared to the previous quarters INR 125.2 crores.

The quarterly results were said in a statement by the Managing Director of Castrol India, Sandeep Sangwan.

Total Income of Castrol India Ltd.

The Car Sales In India In 2021 Insights

The car sales in India in 2021 for the month of April and partial resumption ofoperations in May, the coronavirus pandemic coupled with the 18-month lockdownwas a major pulldown for the Car Industry’s income for this monetary year.However, with the launch of Covid 19 vaccine the businesses have g…

StartupTalkyHimangi Khare

Reasons for the Profit

One of the main reasons for the increase in profits and the net income of the company is due to its exponential growth of the revenue of Castrol India. The Managing Director Sandeep Sangwan said that, the good numbers that were seen in the quarterly results were mainly due to the focused investment activities, actions and the interventions made by the company during the second half of 2020.

The above set of actions included the steps such as the building of the brand, corrective pricing, Increasing the marketing and spending on advertisements for building brands and the introduction of new products.

The achievement of the huge profit has also been supported by the improvement according to the trends and demand especially in the sales of SUV and tractor during the first quarter of 2021.

He said that the increase in cash from operations that is INR 269 crore in the first quarter of 2021 was mainly due to the implementation of a cost efficiency programme and judicious working capital management. The cash from operations of Castrol India is equivalent to 1.1 times of the net income.

Top Oil and Gas Companies in India (2020)

Oil and Gas Companies in India are one of the core industries of the country andthe backbone of the economy. Petroleum companies in India are one of the rulingindustries forming a core part of industrialization. They are among the eightcore industries playing a major role in the economy of India.…

StartupTalkyYash Gupta

FAQ

Is Castrol an American company?

Castrol is a U.K.-based producer of industrial and automotive lubricants for a global market.

Who is Castrol oil owned by?

Castrol is a wholly-owned subsidiary of BP PLC.

What does BP stand for now?

BP stands for British Petroleum Company Limited.

Conclusion

The covid-19 pandemic has made it hard for most of the industries and Castrol India has also conveyed that the second wave will have an adverse impact on their demand and supply. This may be seen in the further quarterly results announced by the company.

April 30, 2021
INDIAN AUTOGAS MARKET : An Alternative Energy Source
Autogas is understood as automotive LPG, which is a mixture of propane and butane. It’s widely used as “Green” fuel, as its use reduces greenhouse emission. It’s the foremost convenient variety to petroleum-based fuels, gasoline, and diesel utilized in transport. In recent times, most of the countries have well-developed autogas markets. It emits fewer hydrocarbons, monoxide, and oxides of gas. It will increase engine longevity as a result of its high measure.

It helps in reducing the carbon emission compared to gasoline and diesel. Many governments around the world are actively encouraging the employment of autogas in recognition of its varied environmental advantages and cost-effectiveness.

With the threat of global climate change rising Brobdingnagian, the necessity for apace deploying clean fuels for transport has never been pronounced.

World’s billionaires to invest $1 Billion to Combat Climate Change

Bill Gates [/tag/bill-gates/], Jeff Bezos, [/tag/jeff-bezos/] Mark Zuckerberg[/tag/mark-zuckerberg/], Vinod Khosla, Mashayoshi Son and a host of otherbillionaires are investing an amount of $1 billion funds in seven energy techstartups through Breakthrough Energy Ventures, BEV. BEV aims to inves…

StartupTalkyShubham Kumar

Factors determining the use of autogas/LPG:
- Price of alternative fuels.
- The acquisition value of cylinders.
- Safety considerations.
- Cultural preferences.
Autogas V/S Alternative Fuels

Compared to other fuels autogas is an efficient source of fuel as it is cheaper than other available fuels. LPG vehicles are cheaper than other vehicles.

Comparing Autogas With Other Fuels

Autogas v/s Petrol
- Cost: The price of automobile fuel cars is less than the value of gasoline cars. Autogas saves costs.
- Octane rating: Automobile LPG incorporates a higher measure compared to gasoline.
- Auto LPG could be a liquified gas; whereas, gasoline is liquid at gas pressure.
Autogas vs CNG
- Auto LPG will run three times space on a full tank compared to CNG.
- The conversion value of LPG is 50% less that of CNG.
- Automotive LPG vehicles are cheap, as compared to CNG.
- LPG is safer as a result of low tank pressure as compared to CNG.
India Autogas Market

It is calculable that there are 2.38 million vehicles capable of running autogas in India, and the majority is of three-wheeler vehicles. The chief makers currently provide models intrinsic with autogas.
There is an increase in sales of automobile LPG of fourteen percent because of the hike in costs of gasoline and diesel. The entire sales were around 400,000 tonnes within the year 2017-2018.

Autogas Dispensing Stations Across India(2008-2020)

The transportation sector is increasing the employment of autogas fuels, thus, making the expansion of the market. This increasing demand for cleaner fuels is the major market driver. Indian automotive LPG has reached $ 5.15 million units within the year 2019 and is anticipated to expand. Factors contributing to the present growth embrace rising demand for economical fuels compared to traditional fuels. There is an increase in the demand for environment-friendly fuels to decrease the pollution level in India.

The marketplace for autogas is growing as a result of the autumn in its costs, relative to alternative fuels like petrol and diesel. In most cities, three-wheeler rickshaws: a vital part of public conveyance is currently being regenerated to autogas running vehicles. Across the state, 1350 filling stations are there for automotive LPG in five hundred cities in states chiefly Andhra Pradesh, Gujarat, Kerala, Karnataka, Tamil Nadu, and Maharashtra.

Companies Providing Autogas Vehicles

Future Of Autogas In India

According to the Indian automobile LPG Coalition(IAC), LPG vehicles can cross the three million mark within the next 5 years in India. It is expected that three million autogas vehicles can run in India by the year 2022. At present, 2.3 million autogas vehicles are running, with a median of 10000-16000 vehicles remodeled monthly.

“Due to the earliest stages of the event of electric vehicles, the state of affairs for LPG is a lot of positive. It provides a lot of opportunities for autogas in today’s market. Moving forward, we can see three million vehicles running on LPG if the govt offers a transparent roadmap on various cleaner fuels,” aforementioned Suyash Gupta, Director General, Indian automobile LPG Coalition.

The Impact of Lockdown Extension on Electric Vehicle(EV) Sector

Since March 24, 2020, the novel coronavirus pandemic has put brakes on India’smanufacturing industries due to the 21-days complete lockdown across the nation.The coronavirus outbreak [https://startuptalky.com/tag/coronavirus/] is havingan unanticipated impact on every sector due to disruption in …

StartupTalkyVarad Kitey

The reason behind the expansion of autogas is its cost. The cost per unit of LPG is fifty percent to that of diesel and gasoline. As winter is approaching, the considerations concerning air pollution and its harmful effects can reappear; thus, the government ought to encourage the use of cleaner fuels as autogas emits sixty-eight percent fewer oxide than gasoline and ninety-six percent than diesel. Autogas reduces vehicle emissions. Hence, five hundred cities have already got autogas filling stations. A lot of regions may be brought below the reach instantly, as autogas does not need pipelines and can be shipped easily.

AirOk – One-Stop Solution for Air Quality Problems

Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. Air Ok is an IIT Madras incubated start-up incorporated on April 23, 2015. AirOk was launched wi…

StartupTalkyRishabh Rathi

Advantages and Downsides of LPG Hopped-up Vehicles

Advantages:
- Autogas offers low running prices.
- Cheaper than gasoline and diesel.
- Lower service value because of less wear and tear of engine parts.
- Environmental advantages – less harm to surroundings(reduce emissions of Carbon dioxide).
- Higher compression will increase power output.
Disadvantages:
- Extra value in shopping for an LPG automotive.
- Problems in finding LPG service stations.
Government Incentive Policy

The chief government policy incentive for autogas is the excise tax exemption. The government has removed restrictions on the retail costs of autogas, petrol, and diesel; this suggests that the businesses are liberal to revise their autogas costs monthly. Once the introduction of the Goods and Services Tax(GST)on first July 2017, the taxation of LPG modified, that favored the autogas market. After the GST reform, LPG is taxed at one rate of eighteen in all sectors. This shift in costs provides a major boost to autogas demand in India.

The new Tax Reform GST Guide, compliance ratings, updates and many more

Goods and Services Tax(GST) has been introduced and implemented in India toreduce the anomalies caused by the previous tax system. GST, or Goods andServices Tax is a tax that customers have to pay when they purchase any goods orservices, such as food, clothes, electronics, items of daily needs,t…

StartupTalkyVibhavari Madki

Conclusion

The Indian autogas market began to increase in 2008. Still, the consumption of autogas is low as compared to alternative fuels. Autogas is the best energy supply that is present in abundance at present and prepared for future use. It’s the third most used fuel in the world. Autogas is convenient and low maintenance fuel. It impacts air quality. It helps in reducing the carbon emission compared to gasoline and diesel. Various governments around the world are actively encouraging the employment of autogas in recognition of its varied environmental advantages and cost-effectiveness.
October 15, 2020
Reliance Journey Of Being The Worlds 2nd Most Valuable Energy Firm
Reliance Industries Ltd has now overtaken the company Exxon Mobil to become the world’s second most valuable energy company after its market capitalization scaled to a record to a record high of over ₹14 trillion (14 lakh crore). This propels Mukesh Ambani to become the fifth wealthiest person on the planet with a net worth of $77.4 billion, a position previously filled by Steve Ballmer.

The logo of Reliance Industries.

According to the stock market data, the conglomerate is now ranked 46^thglobally on market. Its share price scaled to its highest of ₹2,163 before settling at ₹2,146.20 taking the company from its 48^th position to 46^th position. The ₹13.6 trillion market capital of Reliance along with ₹54,262 crore market capital from its partly paid shares that were traded separately puts the firms combined market value at ₹14.1 trillion or $189.3 billion. Reliance is the 10^thhighest market capital company in Asia.

Besides being on a higher spot Exxonmobile, Reliance also is above Apple which has a market cap of $1.6 trillion, Microsoft at $1.5 trillion and Amazon a $1.48 trillion dollars. It is also is higher than Chevron, Oracle, Unilever, Bank of china and The SoftBank Group. At the 46^th rank it is just below PepsiCo which has a market capital of 189.8 billion.

Billionaire Mukesh Ambani’s Reliance Retail has acquired Future group Retail Business for ₹24,713 crore

Kishore Biyani, once celebrated as a retail king has surrendered by selling hisretail business of the Future Group to billionaire Mukesh Ambani’s RelianceRetail. Mukesh Ambani’s Reliance Industries Ltd has acquired Kishore Biyani’sFuture Group for ₹24,713 crores / $3.38 billion. Reliance Retail w…

StartupTalkyArbaaz sayed

Reliance Industries partly paid shares

The RelaincePP shares was first listed on stock exchanges on June 15^th, 2020 is one of the reasons to why Relaince is the 2^nd most valuable energy firm in the world. The ReliancePP or partly paid up shares have been issued in recently concluded in the rights issue have generated over 4.1 times more returns to investors in less than two months. Reliance raised a total of Rs 2,12,809 crore just through Rights Issue, investment of BP to its fuel retaining venture.

It added 115.9 billion to shareholder wealth within just four months giving the company the highest value creation in the world in such a short time, which was mostly because the record breaking fundraising from its digital unit, Jio Platforms. The firm also added $39 billion market value just within 5 weeks and 29 billion just from the last 14 trading sessions. The combined capital raised has no precedence globally in such a short time.

List of Companies Acquired by Reliance Brands & Jio

Reliance Industries Ltd (RIL) has made several acquisitions in the past threeyears to boost product offerings of its subsidiaries – Reliance Jio Infocomm Ltdand Reliance Retail Ltd, among others. RIL has put in $566 million in media andeducation, $194 million in retail, $1.2 billion in telecom an…

StartupTalkyVarad Kitey

The journey to the 2nd most valuable energy firm

The Reliance Group, is India’s largest private sector enterprise with businesses in thee energy and materials value chain. Founded by Dhirubhai Ambani the flagship company, Reliance Industries Limited is a fortune Global 500 company and has evolved from a textile company to a global leader in the materials and energy value chain businesses. It all started when Ambani started the yarn trading businesses in 1957 form a small 500sq.ft. Office in Mumbai. In 1996 Reliance went on to become the biggest textile brand “Only Vimal”

Reliance’s growth rate to become the worlds 2nd energy company by value
- Reliance stands as the global leader when it comes to being the largest polyester yarn and fiber producer in the world and among the top five to ten producers in the world in major petrochemical products.
- Reliance industries limited operates world class manufacturing facilities across the country at Allahabad, Barabanki, Dahej, Dhenkanal, Hazira, Hoshiarpur, Jamnagar, Kurkumbh, Nagothane, Nagpur, Naroda, Patalganga, Silvassa and Vadodara
- The company works under different business segments such as Production, Petroleum Refining, Marketing, Petrochemicals, Textiles, Telecommunications and Retail.
- The products and brands offered by the company are: LPG, Crude oil, Gasoline, High speed diesel, Aviation turbine fuel, Petroleum Coke, Sulphur, Fleet management services, Highway hospitality services, Vehicle care services, High and low density Polyethylene, Fleet management services, Highway hospitality services, Vehicle care services, different types of Yarn, etc.
- The subsidiaries of Reliance are: Reliance Petroleum Limited, Reliance Industrial Investment and Holdings Limited, Reliance Ventures Limited, Reliance Strategic Investments Limited Reliance Exploration and Production DMCC Reliance Global Management Services Limited, Reliance Commercial Associates Limited.
- other subsidiaries being Reliance Fresh Limited, Retail Concepts and Services (India) Limited, Reliance Retail Insurance Broking Limited, Reliance Retail Finance Limited, Reliance digital Retail Limited, Reliance Retail Travel & Forex Services Limited, Reliance Trends Limited, Reliance Home Store Limited, Reliance Digital Media Limited, etc.
For a company who just started as a small textile company, Reliance has crossed several milestone to become a Fortune 500 company and now the 2^nd most valuable energy firm in the company within a span of 3 decades.

Reliance Industries Limited To Hold 1st Virtual Annual General Meeting

Reliance Industries Limited or RIL, the largest private company of India,announced on Monday that the Annual General Meeting (AGM) will be held virtuallythis year after Tata Consultancy Services (TCS) held its virtual AGM a few daysago. The Ministry of Corporate Affairs (MCA), owing to the curren…

StartupTalkyYash Taneja

Reliance Turning Green

The Reliance industries has a 15 year vision to build itself as a new energy company that aims to recycle CO2 and create value from plastic waste and has an optimal mix of clean and affordable energy. While the oil to chemical conglomerate has more focused on consumer business in the recent times, but Reliance core which is oil to chemical business is well placed to generate sustained free cash flow.

Until demand normalizes Reliance Industries are looking to maximize throughout focus on the cost by leveraging deep petrochemical integration and continue to focus on domestic fuel Marketing. Future of O2C is new energy company and partnerships. It also intends to be a net carbon zero company by 2035. To achieve this, the company is also open to work with global financial investors, reputed technology partners and start-ups working on futuristic solutions.

This new energy business is based on the principle of carbon recycling and circular economy is a multi-trillion opportunity for India and the world. The brokerage said a key focus for Reliance Industries is renewable energy, and for that it intends to build an optimal mix of clean and affordable energy with hydrogen, wind, solar, fuel cells and battery. And intends to use technology, recycle CO2, create value from plastic waste.
September 3, 2020