Lubricants Market Revenue Worth $115,350.6 Million by 2030, Globally: P&S Intelligence
NEW YORK, March 9, 2021 /PRNewswire/ From 66 million in 2005, worldwide vehicle sales jumped to 91 million in 2019, as per Organisation Internationale des Constructeurs d Automobiles (OICA). Due to the expanding automotive industry, the global lubricants market is predicted to grow from $95,403.9 million in 2019 to $115,350.6 million by 2030, witnessing a 2.3% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence.
The automotive sector is one of the biggest end users in the lubricants market, as such fluids find widespread application in automobiles. The crankcases of engines are widely lubed in order to reduce friction between components that are in contact. This not only reduces wear and tear, but also keeps the vehicle running smoothly and with the optimum mileage. With people s rising disposable income and strict norms regarding vehicular emission
Praj wins breakthrough order to set up Compressed Biogas plant from HPCL
Posted On: 2021-03-09 08:53:50 (Time Zone: Arizona, USA)
Praj Industries bags the prestigious breakthrough order from Hindustan Petroleum Corporation Limited (HPCL) for setting up Compressed Biogas (CBG) project at Badaun in Uttar Pradesh. Praj is offering its State of the art, worlds first of its kind RenGas™ technology developed using proprietary microbe to produce CBG from rice straw.
The project has capacity to process 35000 MT of rice straw as feedstock to generate 5250 MT of CBG annually. In addition, the project will also generate 23,000 MT high quality solid biomanure and 350,000 MT of liquid bio-manure for ferti-irrigation. This project has a potential to save up to 15000 MT of C02 emissions per year. The project will be completed and commissioned within 12 months timeframe.
Praj wins order to set up compressed biogas plant for Hindustan Petroleum Corp - Chemical Engineering chemengonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chemengonline.com Daily Mail and Mail on Sunday newspapers.
TM technology developed using proprietary microbe to produce CBG from rice straw.
The project has capacity to process 35000 MT of rice straw as feedstock to generate 5250 MT of CBG annually. In addition, the project will also generate 23,000 MT high quality solid bio- manure and 350,000 MT of liquid bio-manure for ferti-irrigation. This project has a potential to save up to 15000 MT of CO2 emissions per year. The project will be completed and commissioned within 12 months timeframe.
The Best-in-Class RenGas
TM technology, to process agri-residues for the production of CBG is developed at Praj-Matrix, Department of Scientific and Industrial research (DSIR) certified the R&D centre. Praj has incorporated unique dual plug flow digestor design, in collaboration with DVO Inc of USA. This patented design technology has several advantages including higher efficiency, lower energy consumption and near zero maintenance. RenGas
Lubricants Market Revenue Worth $115,350 6 Million by 2030, Globally: P&S Intelligence prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.