Page 140 - CW E-Magazine (10-9-2024)

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BUSINESS STRATEGY
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L&T establishes new renewable business vertical

Larsen & Toubro (L&T) has formed rapid technology development in
a new business vertical dedicated to renewable generation has facilitated this
Renewable Engineering, Procurement, trend,” L& T said in a press release.
and Construction (EPC), separating it The renewable energy sector, particu-
from its Power Transmission & Dis- larly solar and wind, has seen rapid Mastering formulation success
tribution unit within the Infrastructure advancements in technology, con-
Projects segment. This move, effective tributing to its increasing share in the
September 1, comes as the global shift global energy mix, the company added. with Azentio ONEERP
towards clean energy gains momentum, “The variability of renewable energy
driven by the need for decarbonised Vice President at Larsen & Toubro, sources has necessitated a hybrid
electricity to combat climate change. has been appointed to lead this new approach, combining different energy
business unit. sources and incorporating energy stor-
The creation of the Renewable EPC age systems to ensure a consistent and
business vertical is aimed at enhancing “Clean energy transition has reliable power supply. As the sector
management visibility and ensuring accelerated in recent years with decar- evolves, innovative market structures
seamless integration of resources and bonized electricity being central to like capacity and fl exibility markets Optimizing chemical formulation recipes is vital
capabilities. Mr. A. Ravindran, Senior the fi ght against climate change. The are also emerging,” it added.
for improving product quality and efficiency,
CHANGE IN RULES
leading to enhanced customer satisfaction and
Government lifts cap on sugar diversion for ethanol
competitive advantage. Azentio ONEERP provides
production starting in November 2024
The Union government has made Heavy molasses and C-Heavy molasses lion metric tons of rice from the Food a comprehensive suite of tools to support this
a notable policy shift, allowing sugar for ethanol production. According to the Corporation of India specifi cally for ethanol optimization process.
mills to use cane juice or syrup to pro- Ministry of Consumer Affairs, Food and production. These measures are aimed at
duce ethanol for the upcoming Ethanol Public Distribution, “Sugar mills and boosting ethanol output and supporting
Supply Year (ESY) 2024-25, starting distilleries are allowed to produce etha- the broader strategy of blending ethanol
November 1, 2024. This update, nol from sugarcane juice/sugar syrup, with fuels. To ensure the policy does not Scan the QR code and book your demo today!
announced in a notifi cation on August B-Heavy molasses as well as C-Heavy disrupt domestic sugar availability, the
29, 2024, removes the previous cap on molasses during ESY 2024-25 as per the Department of Food and Public Dis-
sugar diversion for ethanol production. agreement with OMCs.” tribution (DFPD) and the Ministry of
Petroleum and Natural Gas (MoPNG) will
In addition to cane juice and syrup, The government has also authorised collaborate to monitor and review the
the new policy permits the use of B- distilleries to purchase up to 2.3-mil- diversion of sugar to ethanol production.

BPCL in talks for $3.8-bn loan for refi nery

Bharat Petroleum Corporation Ltd. ®
(BPCL) is in talks with lenders to raise refi ners at a time when the country is
$3.8-bn), a Bloomberg report said boosting its petrochemical capacity. ONEERP
quoting unnamed sources. The state- The loan will be used for the company’s
run oil company is said to have already expansion of its Bina refi nery in contactus@azentio.com | azentio.com
received expressions of interest, with Madhya Pradesh. BPCL is investing
the nation’s largest lender, State Bank The proposed deal would help the Rs. 490-bn to build an ethylene cracker
of India, set to lead the transaction. expansion of one of India’s biggest plant at the refi nery.

140 Chemical Weekly September 10, 2024

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