Praj to set up compressed biogas plant for HPCL ANI | Updated: Mar 10, 2021 17:05 IST
Praj will deploy RenGas technology developed by using proprietary microbe to produce compressed biogas from rice straw.
The project has the capacity to process 35,000 tonnes of rice straw as feedstock to generate 5,250 tonnes of compressed biogas annually. In addition, the project will also generate 23,000 tonnes high quality solid bio-manure and 350,000 tonnes of liquid bio-manure for ferti-irrigation.
This project has the potential to save up to 15,000 tonnes of carbon emissions per year, the company said in a statement. It will be completed and commissioned within a year.
The project will contribute to the government s sustainable alternative towards affordable transportation (SATAT) initiative with an objective to promote compressed biogas as an alternative, green transport fuel.
Fitch lowers risk for credit metrics of Indian oil marketing firms ANI | Updated: Feb 16, 2021 15:13 IST
Mumbai (Maharashtra) [India], February 16 (ANI): The sustained strength of marketing margins and recovering demand for petroleum products is supporting the profitability of India s oil marketing companies against weak gross refining margins (GRMs), thereby lowering downside risks for their credit metrics, according to Fitch Ratings.
Petroleum product sales at Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) surged by 22 to 23 per cent in the third quarter of the financial year ending March 2021 (3Q FY21) from the previous quarter with domestic transportation fuel demand recovering to near-normal levels, barring aircraft fuel, and marketing margins on auto fuel sustained at above pre-pandemic levels.
The sustained strength of marketing margins and recovering demand for petroleum products is supporting the profitability of India s oil marketing companies against weak gross refining margins (GRMs), thereby lowering downside risks for their credit metrics, according to Fitch Ratings.
Petroleum product sales at Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) surged by 22 to 23 per cent in the third quarter of the financial year ending March 2021 (3Q FY21) from the previous quarter with domestic transportation fuel demand recovering to near-normal levels, barring aircraft fuel, and marketing margins on auto fuel sustained at above pre-pandemic levels.