According to an official statement of Indian Oil Corp (IOC), the firm developed and commercialised a technology to produce bio-diesel from non-edible oil extracted from plants like Jatropha. The company expects to convert the non-edible oil into bio-diesel at its existing Diesel Hydrotreating (DHDT) units in a petroleum refinery
Tag: fuel
Post
Post
Gas-based power plants need 72 mscmd gas
Media reports quoted a top source from the union power ministry as saying that natural gas-based power plants in the country need 72 mscmd of gas to operate at 75 per cent plant load factor. However, at present they get only 27 mscmd gas, which enable them to operate at only 29 per cent plant load factor, reports suggest
Post
US govt allows export of LNG to non-FTA nations
Department of Energy of the US government gave conditional approval for export of locally produced LNG to non-FTA (free trade agreement) countries from Freeport Terminal on Quintana Island in Texas. The Department of Energy, in its 132 page order, said the proposed exports may result in net economic benefits to the U
Post
GVK Power has Rs 160 bn debt
GVK Power and Infrastructure sits on a total consolidated debt of Rs 16,000 crore, according to the earnings results released by the company. Although this is lower than the debt level of some other companies in the infrastructure sector, interest cost on the debt is a huge drag on the firm's balance sheet. GMR Infrastructure, which is a peer company of GVK,
Post
OMCs to benefit from diesel price hike: Moody’s
Moody's Investors Service pointed out that the recent Re 1 a litre hike in diesel price would reduce under-recoveries incurred by state-run oil marketing companies (OMCs) on sale of fuel at below-market rates. With this price hike, diesel prices rose a cumulative Rs 2.25 per litre since January, which translates into an Rs 18,000 crore decline in under-recoveries, the rese
Post
Govt mops up over Rs 190 bn via duty on fuel
Union Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi informed the Rajya Sabha that the total amount collected from Additional Excise Duty during 2012-13 (Provisional) is 19,333 crore. Lakshmi said that the amounts collected during 2011-12 and 2010-11 are Rs 18,428 crore and Rs 16,979 crore respectively
Post
House panel suggests JV firm for oil import
The Parliamentary standing committee on petroleum and natural gas suggested the formation of a joint venture firm by all the state-run refiners who import crude oil from abroad. The proposed joint venture firm, that would be promoted by all the interested state-run refiners, must be entrusted with the work of importing of crude oil requi
Post
Coal stock rises across several ports
Data from Interocean Group shows that coal stock across several ports in the country grew 5.8 percent to about 10.8 million (mn t) as of May 3 compared to 10.27 mn t in the previous week. The stock includes both thermal and coking coal. Of the 10.8 mn t, coking coal comprised 2.30 mn t, up from about 2.24 mn t a week ago. The company collected data from 16 ports across the country
Post
Centre discourages gas-based power projects
Government of Karnataka requested for allocation of gas for two new gas based power projects at Bidadi Combined Cycle Power Project (CCPP) 1,400 mw (2x700) and Tadadi CCPP 2,100 mw (3x700) proposed for 12th Plan. The application was received by the union power ministry on October 29, 2010. This information was given by the Minister of State for Power Jyotiraditya M Scindia in Lok S
Post
MRPL diversifies source of oil import
Global oil firm BP is learnt to have sold 650,000 barrel of Nigerian Okoro crude oil to MRPL for June 1-15 via a tender at a premium of about $5.60 a barrel to dated Brent. MRPL has also reportedly bought 650,000 barrels of Gabon's Rabi light sweet crude oil in a previous tender from Shell for May lifting at a premium of about $3.30 a barre