Page 155 - CW E-Magazine (11-6-2024)

Hydrocarbons Hydrocarbons

PARTNERSHIP DECARBONISATION
ONGC, EverEnviro form jv to set up 10 CBG plants Cairn Oil & Gas aims for net zero by 2030

ONGC and EverEnviro Resource 7.5-lakh tonnes of CO equivalent an- partnership will make a substantial im- Vedanta Group fi rm, Cairn Oil & operational sites in Rajasthan and Cairn also informed that it plans to
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Management have formed a 50:50 joint nually. ONGC’s Executive Director, pact in the CBG sector. The fermented Gas, said it is fast tracking efforts to Gujarat. plant 2 million trees by 2030.
venture (jv) to set up 10 Compressed Chief Corporate Strategy, Mr. Satyan organic manure produced as byproduct become a ‘net zero carbon’ company
Biogas (CBG) plants across India. Kumar said, “ONGC has set sights on of CBG will promote regenerative agri- by 2030, through initiatives like ex- “Signifi cant progress in fl are gas re- “Ravva in Andhra Pradesh has
being net zero by 2038 and hence we culture, enhancing soil health and panded use of renewable energy, ex- duction has seen a 60 per cent decrease now been transformed into a vibrant
The two fi rms inked a Memoran- recognise the urgency of transition to fertility in the catchment areas.” ploring low-carbon technological in potential gas fl aring intensity over the wetland of mangroves spread over 86
dum of Understanding (MoU). The clean energy by utilising agro-indus- solutions and planting trees. past four years,” Cairn said adding it acres. In Barmer, Rajasthan, Cairn
plants, being set up in the fi rst phase, trial waste and municipal solid waste. EverEnviro aims to establish over already is a net water positive company planted 0.2-million trees across 988
are expected to reduce India’s reliance Our partnership with EverEnviro in 100 CBG plants across India. The “For achieving a low-carbon tra- and is recycling more than 96 per cent of acres of forest land and is reviving
on imported gas and boost domestic establishing CBG plants will signifi - organisation is already executing over jectory to reduce its environmental produced water through reinjection. Khejari (Prosopis Cineraria) with
renewable energy production, Ever- cantly contribute to mitigating carbon 20 CBG projects across Madhya impact, Cairn is implementing diverse 15,000 plants in the Thar Ecosystem.
Enviro said. By harnessing diverse emissions.” Pradesh, Uttar Pradesh, Delhi, and initiatives to decarbonise its operations The company said it has undertaken
feedstocks such as agri-waste, agro- Punjab with a capital investment of while expanding its energy portfolio,” a feasibility study on ‘waste to power’ The Gujarat coastal areas have
industrial waste, energy crops, and EverEnviro Executive Director, nearly Rs. 2,000-crore which will result a company statement said. project to utilise lean gas, CO rich gas, been transformed with 372 acres of
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municipal solid waste (MSW), the part- BD and Strategy, Mr. Deepak Agarwal in a robust CBG output of 320 tonnes solid waste and other industrial waste, mangrove forest,” it informed.
nership aims to mitigate approximately said, “We are confident that our per day. These will include carbon emission to generate power through pressurized
reduction, leveraging renewable energy oxy combustor technology. The result- Dr. Steve Moore, Deputy CEO,
Reliance signs deal with Russia’s Rosneft to purchase sources and nature-based carbon ing CO gas can then be further utilised Cairn Oil & Gas, commented, “Cairn,
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as the largest private oil and gas pro-
solutions, adopting innovations such for enhanced oil recovery.
oil in Roubles as waste to energy, carbon capture utili- ducer in India, is proud to lead the
sation and storage (CCUS) among Other initiatives include bottling charge towards a greener future by
Reliance Industries has signed a Western fi nancial system to facilitate at a discount of $3 a barrel to the Middle others. and cascading of gas for CNG players, making a positive impact on the envi-
one-year deal with Russia’s Rosneft trade despite US and European sanc- East Dubai benchmark,” the report gas transportation from satellite fi elds ronment and communities we operate
to buy at least 3 million barrels of oil tions. said. The company is looking source to terminal through pipeline, optimis- in. Our decarbonisation and environ-
a month in Roubles, a Reuters report upto 70-MW of renewable energy by ing recycled gas compressors, instal- mental initiatives are aligned with
said quoting unnamed sources. “Under the terms of the deal, The refi ner will also purchase one 2030, with a renewable power deli- lation of ejector to reduced fl aring in the vision to become carbon neutral
which took effect at the beginning of to two cargoes a month of low-sulphur very agreement for 25-MW set to terminals and employing digital twin by 2030 through innovation and tech-
The shift to rouble payments fol- the Indian fi nancial year from April 1, crude oil, mainly ESPO blend exported commence in the current fi scal. It is technology for comprehensive asset nology coupled with our dedicated
lows Russian President Vladimir Reliance will buy two cargoes of about from Russia’s Pacifi c port of Kozmino, planning to install solar rooftop across management. efforts.”
Putin’s push for Moscow and its trading one million barrels of Urals crude with at a premium of $1 a barrel to Dubai Windfall tax on crude cut to Rs. 5,200/tonne
partners to fi nd alternatives to the an option to buy four more each month quotes, it added.
The government has Saturday continue to be nil. The new rates will produced crude oil to Rs. 5,700 down
Domestic fuel consumption hits record high slashed windfall gains tax on domesti- be effective June 1 2024, the Central from Rs. 8,400 per tonne. On April 16,
in May 2024 cally-produced crude to Rs. 5,200 per Board of Indirect Taxes and Customs the Centre raised the windfall tax
tonne from earlier Rs. 5,700 per tonne. (CBIC) said in a notifi cation.
on petroleum crude to Rs. 9,600 per
tonne from Rs. 6,800, after fi rming of
India’s petrol and diesel consump- growing demand for personal and com- by 2.4 percent year-on-year (y-o-y) and The export duty on petrol diesel On May 16, the government had crude oil prices in the international
tion broke all records in May 2024, aided mercial mobility. 6.3 percent month-on-month (m-o-m) in and aviation turbine fuel (ATF) will revised windfall tax on domestically market.
by higher demand for auto fuels due May, while petrol consumption was up
to campaigning and voting in the According to the Petroleum Planning 3 percent y-o-y and 6 percent m-o-m. Adani Total mulls more plants in India for LNG import
Lok Sabha elections and the beginning and Analysis Cell, diesel consumption In FY24, the consumption of diesel and
of summer vacations. rose to a record 8.4-million tonnes (mt) petrol, at 89.65-mt and 37.22-mt, respec- Adani Total Pvt. Ltd., the joint the growing demand for the cleaner Pal Singh was quoted as saying by
last month compared to the previous tively, was also an all-time high. The total venture between Adani Group and fuel. The company has a plan to dou- Reuters. He informed that the terminal
Besides, higher usage also refl ects record of 8.2-mt in May 2023. Petrol usage consumption of refi ned petroleum pro- France’s TotalEnergies, is considering ble the capacity of its 5-million metric is operating at about 52% capacity, but
the world’s third-largest crude oil im- rose to 3.5-mt against the previous high ducts in FY24 rose by 4.6 percent y-o-y building more plants in India to import tonnes-per-year Dhamra LNG termi- could operate at full capacity by 2026
porter’s expanding industrial base and of 3.4-mt in May 2023. Diesel usage rose to 233.276-mt, also an all-time high. liquefi ed natural gas (LNG) to meet nal in Eastern India, CEO Mr. Satinder or 2027.

154 Chemical Weekly June 11, 2024 Chemical Weekly June 11, 2024 155

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