Page 152 - CW E-Magazine (19-3-2024)

Hydrocarbons

DIVERSIFICATION
ONGC board approves JV with EverEnviro to set up

CBG plants

In a signifi cant move towards bol- India. These plants will utilize a variety has said that Uttar Pradesh (UP) is
stering India’s renewable energy capa- of feedstocks, including municipal solid poised to have 100 compressed bio-gas
bilities, the state-run Oil and Natural Gas waste (MSW), agro waste, and agro- plants (CBG) plants soon. At present,
Corporation (ONGC) has announced its industrial waste. Currently, ERMPL is the state has 10 CBG facilities.
partnership with EverEnviro Resource spearheading more than 20 CBG pro-
Management Pvt. Ltd. (ERMPL), a jects in Madhya Pradesh, Uttar Pradesh, Speaking at the inauguration of a
leader in the compressed biogas (CBG) Delhi, and Punjab, with an investment CBG plant set up by IOC at an invest-
sector, to establish CBG plants across close to Rs. 2,000-crore, expected to pro- ment of Rs. 165-crore, the minister high-
the nation. duce 320-tpd (tonnes per day) of CBG. lighted the signifi cance of CBG plants
and stressed their role in environmental
The ONGC board, in a recent meet- “Our vision is to attain a daily CBG conservation, augmenting farmers’
ing, has given in-principle approval for output of 1,000-tpd on a pan-India income, and promoting energy self-
the formation of JV companies with Ever- scale within the next fi ve years,” said suffi ciency.
Enviro and another undisclosed entity, Mr. Deepak Agarwal, Executive Direc-
aiming to set up 15 CBG plants. This tor, ERMPL, said. The plant will utilise 200-tpd of
strategic alliance is part of a broader ini- agricultural residue, 20-tpd of press
tiative to enhance domestic renewable UPsoon to have 100 CBG plants mud, and 10-tpd of cow dung to produce
energy production, with ERMPL plan- In another development, Union Petro- about 20-tpd of bio-gas and 125-tpd of
ning to establish over 100 CBG plants in leum Minister, Mr. Hardeep Singh Puri organic fertiliser.
SALES TRENDS
Domestic fuel demand rises 5.7% year-on-year

in Feb. on strong factory output

India’s fuel consumption rose 5.7% 2-mbpd mark for the fi rst time in his- bitumen, used for making roads, rose by
year-on-year in February, helped by tory,” he added. Sales of diesel, mainly 3.7% annually, while demand jumped
strong factory activity. Total consump- used by trucks and commercially run 14.4% on a monthly basis. Cooking gas,
tion, a proxy for oil demand, totalled passenger vehicles, rose by 6.2% year- or liquefi ed petroleum gas sales rose by
19.72-mt (4.98-million barrels per day) on-year to 7.44-mt in February. They 8.5% to 2.59-mt, while naphtha sales
in February, up from 18.66-mt last year, were up about 6.8% month-on-month jumped by 11.7% to about 1.19-mt,
data from the Petroleum Planning and to 1.88-mbpd on a per-day basis. Sales compared with last February, the data
Analysis Cell (PPAC) of the oil minis- of gasoline in February rose 8.9% from showed. Fuel oil use decreased by 11.2%
try showed. Demand was up about 5.1% the previous year to 3.02-mt. Sales of year-on-year in February.
from the 4.74-mbpd (20.04-mt) con-
sumed in January. L&T wins offshore order for hydrocarbon

“The increase month-on-month in business
fuel consumption is yet another tour de
force of the Indian economy, a sign of L&T’s hydrocarbon vertical, L&T ment, construction, installation, and
how strong demand growth has been in Energy Hydrocarbon (LTEH), has commissioning of new process gas
recent months,” said Mr. Viktor Katona, secured an order from ONGC for the compressor (PGC) modules at ONGC’s
lead crude analyst at Kpler. “Diesel MHN TCPP PGC BGC Project (MTPBP), Mumbai High & Tapti offshore loca-
demand is almost guaranteed to hit a new off the West Coast. The scope of tions along with the upgrade of existing
record this year (in June), surpassing the work includes engineering, procure- facilities to enhance production.

152 Chemical Weekly March 19, 2024

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