Page 140 - CW E-Magazine (13-8-2024)

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COLLABORATION

Coal India and GAIL form JV for coal-to-synthetic

natural gas project

State-owned Coal India Ltd. (CIL)
has entered into a joint venture agree-
ment with GAIL (India) Ltd. to set up
a coal-to-synthetic natural gas project
in West Bengal, utilising the surface
coal gasifi cation (SCG) technology
route. While CIL will have 51 percent
shareholding in the joint venture, GAIL
will have 49 per cent. The joint venture
will be incorporated as a private limi-
ted company. The initial paid-up share
capital is Rs. 1-lakh, CIL said in a stock
market fi ling.

The registered offi ce of the joint
venture will be in West Bengal and CIL
and GAIL each will have the right to
nominate three executives as directors Nm /hr of synthetic natural gas (SNG). Committee on Economic Affairs had
3
of the jv. The annual production is slated at approved setting up a coal-to-synthetic
633.6 million Nm3, requiring 1.9-million natural gas project through a joint
This collaboration is a part of the tonnes of coal, which CIL will supply. venture between CIL and GAIL, and
National Coal Gasifi cation Mission, a coal-to-ammonium nitrate project
which facilitates the utilisation of the SNG is a fuel gas predominantly through a venture between CIL and
chemical properties of coal. consisting of methane, a feedstock for BHEL.
production of various chemicals and
The plant to come up in the fertilisers. CIL will set up two coal gasifi cation
Raniganj area of CIL subsidiary, Eastern plants as part of efforts to achieve the
Coalfi elds Ltd., will produce 80000 Earlier this year, the Cabinet target of 100-mt coal gasifi cation by 2030.

LEADERSHIP CHANGE
Nitta Gelatin gets new Managing Director

Mr. Praveen Venkataramanan has since April 2014. He had Nitta Gelatin India Ltd.,
taken over as the Managing Director of retired on March 31, 2022 a joint venture between the
Kerala-based Nitta Gelatin India Ltd. but had to rejoin the com- Kerala State Industrial Deve-
with effect from August 5. A cost ac- pany in June last year as his lopment Corporation and
countant and an alumnus of the Indian successor abruptly quit to the Osaka headquartered
School of Business, Mr. Venkataramanan join a competitor. “I am ex- Nitta Gelatin Group. The
was the CEO of the spices business at cited to join this company Rs. 220-crore expansion pro-
Kerala-based spice extracts major, Syn- which has over time built ject was committed during
thite, before joining Nitta Gelatin. a strong foundation and is the visit of Chief Minister
all set to embark on a ma- Mr. Praveen Pinnarayi Vijayan to Japan
He takes over from Mr. Sajiv K. jor expansion project,” said Venkataramanan but the project was delayed
Menon who was the Managing Director Mr. Venkataramanan. due to the onset of the COVID pandemic.

140 Chemical Weekly August 13, 2024

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