Page 152 - CW E-Magazine (18-2-2025)

Fertilisers Hydrocarbons

ADVANCED FORMULATIONS PARTNERSHIP
‘Government taking multi-pronged approach to promote ONGC ropes in BP to raise production at Mumbai High; MoU

use of nano fertilisers amongst farmers’ signed for further collaborations in India and overseas projects

Oil and Natural Gas Corporation
The Government is taking multi- rent activities such as awareness and nano DAP are being made available (ONGC) and UK oil major BP have
pronged approach to promote use camps, webinars, fi eld demonstrations, at Pradhan Mantri Kisan Samridhi Ken- signed a contract under which BP will
of nano fertilisers amongst farmers, Kisan Sammelans and fi lms in region- dras (PMKSKs) by concerned compa- serve as the Technical Services Provider
including through awareness camps, al languages etc. The Department of nies and nano urea has been included (TSP) for the Mumbai High fi eld,
use of advanced spraying systems Fertilisers (DoF) in collaboration with under monthly supply plan issued by India’s largest and most prolifi c offshore
including drones, even though there fertiliser companies has initiated a Department of Fertilizers regularly. oil fi eld. ONGC will retain ownership
is no proposal to bring production of Maha Abhiyan for adoption of nano and operational control of the fi eld.
nano fertilizers under any Production DAP in all 15 agro-climatic zones of For ease in application and utili- Under the terms of the contract, BP
Linked Incentive (PLI) scheme. the country through consultations and sation of nano fertilisers through foliar will receive a fi xed fee for a period of
fi eld level demonstrations. Further, DoF application, initiatives such as spraying two years for its deployed personnel,
This information was given by the in collaboration with fertiliser compa- of through drones and distribution of followed by a service fee linked to
Union Minister of State for Chemicals nies has also launched campaign for battery-operated sprayers at retail points incremental oil and gas production. BP
and Fertilizers, Ms. Anupriya Patel, in fi eld level demonstrations and aware- are being undertaken. “For this pur- will work in close collaboration with
written reply in the Lok Sabha recently. ness programs of nano urea in 100 dis- pose, pilot training and custom hiring ONGC to stabilise the fi eld’s current
tricts of the country. spraying services through Village Level production decline and restore it to a
According to Ms. Patel, use of nano Entrepreneurs are actively promoted,” robust growth trajectory.
urea is being promoted through diffe- To improve availability, nano urea the Minister of State said in her reply.
As per the deal, BP will optimise oil
Potassium derived from molasses – an alternative recovery at Mumbai High by conducting securing its future contribution to India’s duction and optimise the management of
comprehensive reviews of sub-surface energy landscape.”
to MOP: Minister models, implementing system optimi- ONGC’s maturing fi elds; and to jointly
bid for mutually agreed offshore acreage
sations, and enhancing reservoir man- Strengthening partnership under India’s Open Acreage Licensing
Potassium derived from molasses and Fertilizers, Ms. Anupriya Patel in sugar industry. PDM is notifi ed un- agement practices. BP will assemble a In another development, ONGC Program (OALP) rounds in partnership
(PDM), a by-product of the sugar in- the Rajya Sabha in written reply to a der Fertilizer Control Order (1985) in team of technical experts to commence and BP signed a framework MoU on with their respective partners.
dustry, is an alternative to Muriate question recently. 2009, and in order to incentivize the work by March 2025. In support of this 10 February 2025 in New Delhi. The
of Potash (MoP) and can reduce the use of PDM, it was included in the initiative, both companies have already MoU seeks to explore collaboration in The MoU further encompasses stra-
dependence on imported potash. PDM has minimum 14.5% potash Nutrient Based Subsidy scheme in established a Senior Management Team exploration and production, trading and tegic collaboration to create value in
content, which is lower than that of Rabi 2022. During 2024-25, Rs. 345 and a Joint Management Team to ensure other energy vectors, in India and inter- trading and in additional energy vec-
This information was given by the MOP (60%), but unlike the latter it per tonne of subsidy has been fi xed seamless project execution. nationally. Specifi c areas of cooperation tors, such as carbon sequestration. The
Union Minister of State for Chemicals can be domestically sourced from the for PDM. will include to explore potential col- MoU is valid for three years, during
The signing ceremony was attended laboration and share best practices for which both parties will work together
FINANCIAL PERFORMANCE by the Minister of Petroleum and deep-water exploration; to enhance pro- in the identifi ed areas of collaboration.
SPIC reports Q3 net profi t of Rs. 35-crore, revenue up 62% Natural Gas, Mr. Hardeep Singh Puri; India’s fuel demand rises 3.2% in January
Secretary, Ministry of Petroleum and
Natural Gas, Mr. Pankaj Jain; ONGC’s India’s January fuel consump- eased 0.3% compared to last month at
Leading fertiliser manufacturer, at Rs. 506.40-crore. Its total income industry witnessed challenges in the Chairman and CEO, Mr. Arun Kumar tion hit its lowest monthly level since 3.3-mt. Diesel consumption fell nearly
Southern Petrochemical Industries stood at Rs. 823-crore (Rs. 519-crore). supply of imported DAP fertilisers and Singh; and BP’s Executive Vice Presi- October 2024 but was up 3.2% year-on- 4% month-on-month to 7.7-mt in January.
Corporation Ltd. (SPIC) has reported raw materials owing to the prevalent dent, Mr. William Lin, along with senior year at 20.49-mt, as per oil ministry data. It was up 4.3% year-on-year.
a standalone profi t after tax of During the December 2024 quarter, geopolitical situation at the Red Sea. leadership from both organisations.
Rs. 35-crore for the third quarter ended the company’s production and sale of Consequently, shipments were rerouted Speaking after the signing of the con- On a monthly basis, January fuel LPG sales increased 5.2% on an
December 31, 2024, when compared urea were 1.94-lakh tonnes and 1.86- via the Cape of Good Hope, result- tract, Mr. Arun Kumar Singh, said, “By demand was its lowest since October, annual basis to 2.84-mt, while naphtha
with Rs. 28-crore in the year-ago lakh tonnes, respectively. ing in longer voyage times and higher engaging a TSP ONGC aims to realise down more than 1% from 20.73-mt in sales fell 12.2-mt compared with last
quarter. Revenue from operations at freight costs. The delay and shortage in the enhanced potential of the Mumbai December 2024, the Petroleum Planning year to 1.15-mt. On a monthly basis,
Rs. 818.04-crore was about 62% higher Geopolitical situation the supply of DAP imports led to price High fi eld by leveraging cutting-edge and Analysis Cell’s (PPAC) website LPG and naphtha sales rose 2.16% and
than the corresponding quarter of FY24 During the quarter, the fertiliser volatility, the company said. technologies and global best practices, revealed. Sales of gasoline, or petrol, 7.48% respectively.

152 Chemical Weekly February 18, 2025 Chemical Weekly February 18, 2025 153

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