RIL’s biogas entry ticks all the boxes on green investment
Reliance Industries Limited (RIL) Chairman and Managing Director Mukesh Ambani has made positive announcements on Monday for the biogas sector. The company plans to establish 100 Compressed Biogas (CBG) plants in the next five years, using 5.5 million metric tons of agro- and organic waste annually. The impact will be huge considering it will help reduce nearly two million tonnes year-on-year of carbon emissions, apart from producing 2.5 million tonnes of organic manure. This would also result in India having to import 0.7 million metric tonnes per annum less of LNG, saving crucial forex reserves of roughly Rs 15 billion. Reliance Industries Limited (RIL) Chairman and Managing Director Mukesh Ambani has made positive announcements on Monday for the biogas sector. The company plans to establish 100 Compressed Biogas (CBG) plants in the next five years, using 5.5 million metric tons of agro- and organic waste annually.
Adani Total’s Dhamra LNG Terminal Will Achieve Peak Capacity By 2024, Says CEO
Adani Total Ltd.’s Dhamra LNG Terminal is equipped to perform at peak capacity since it got commissioned, according to Chief Executive Officer Satinder Pal Singh. However, peak performance is contingent on sufficient sourcing and downstream evacuation by users, Singh told BQ Prime. “We expect the terminal to achieve full capacity around end of 2024, when connectivity to all major consumption centers will be completed. The 6.50 million tonne LNG capacity at Dhamra Port is one of the largest in India and first on the east coast. Which are the sectors and companies you have tied up with for the LNG supply? Satinder Pal Singh: Adani Total Pvt.’s Dhamra LNG terminal is designed to import, store, re-gasify and safely send out up to 6.5 million tonne per annum in this current initial phase. At this time, we have two users in the form of Indian Oil Corp. and GAIL India Ltd., who have substantially subscribed capacity on a long-term basis. Both users will source LNG and market gas for their captive and third-party use. IOCL has its refineries at Paradip, Haldia, Barauni, and Guwahati. The revival of brownfield fertiliser plants in Sindri, Barauni and Gorakhpur will act as consumption centres. Also, industries and city gas distribution companies in the region will be supplied from Dhamra by the users. As this is the only terminal in east India, all eastern demand for LNG will be met most efficiently from this terminal.