Fertiliser Cos To Supply 50 MT Medical Oxygen Per Day
Fertiliser companies will reorient existing capacity of oxygen production and augment supply of medical grade oxygen.
Representational Image Apr 28, 2021
Fertiliser manufacturing units are expected to supply approximately 50 Metric Tons (MT) of medical oxygen per day even as the country is facing a new surge of COVID-19 and struggling to meet medical requirements.
This followed a meeting between Minister of State for Ports, Shipping and Waterways (Independent Charge) and Chemical & Fertilizers, Mansukh Mandaviya, and fertiliser companies.
The meeting was held by the minister to explore possibility of production of oxygen in the plants of fertiliser companies of Public Sector, Private Sector as well as Co-Operative sector, according to a statement from the Ministry of Chemicals and Fertilisers.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Balaji Amines Ltd, Camlin Fine Sciences Ltd and ICRA Ltd are among the other gainers in the BSE s A group today, 27 April 2021.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Balaji Amines Ltd, Camlin Fine Sciences Ltd and ICRA Ltd are among the other gainers in the BSE s A group today, 27 April 2021.
Alkyl Amines Chemicals Ltd surged 13.45% to Rs 7699.75 at 11:49 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 34823 shares were traded on the counter so far as against the average daily volumes of 6604 shares in the past one month.
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Global market for renewable methanol, predicts that the industry is likely to witness a CAGR of 3.16% by revenue and 2.08% by volume over the forecasting duration of 2021-2028.
There has been a growing inclination towards the adoption of sustainable energy sources, which is one of the major growth-inducing factors for this market. Plus, the rigid governmental rules & regulations and the availability of renewable methanol are contributing to this growth. However, factors like the high costs required for the installation of these sources are hindering this growth process. Despite this, the industry has several opportunities for growth, which includes the usage of renewable methanol as a substitute to heave marine fuels.
Global Renewable Methanol Market 2021-2028 – Shifting Trend Towards Sustainable Energy Sources – ResearchAndMarkets com financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
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