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JSPL Welcomes Coal Gasification Reforms

Coal News - Published on Mon, 18 May 2020

Image Source: Coal Gasification
Jindal Steel and Power Limited chairman Mr Naveen Jindal has welcomed the economic reform measures announced by Union Finance Minister Nirmala Sitharaman. Appreciating the Finance Minister's announcement that Coal Gasification Process would be incentivised through rebate in revenue share, Mr Jindal said that the CGP process would definitely help steel makers in producing steel using indigenous coal truly leading towards AtmaNirbhar Bharat. He said "India has third largest reserves of coal in the world. Its gasification can help our country overcome the perennial shortage of oil, gas, methanol, ammonia and urea.”

JSPL Managing Director V R Sharma said that India has coal reserves for another 300 years and the time is ripe to use the reserve. He said Coal can be converted into syngas which can be used for producing petrol, diesel and other petroleum products, which can reduce dependence on crude oil imports.”

JSPL is already using the technology at its Angul plant in Odisha

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Posted By : Yogender Pancholi on Mon, 18 May 2020
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