-4.55 (-1.08%) Coal India (CIL) has signed three separate Memorandums of Understanding (MoU), one each, with three major PSUs of the country Bharat Heavy Electricals (BHEL), Indian Oil Corporation (IOCL) and GAIL (India), for setting up four large scale coal-to-chemical projects through surface coal gasification (SCG) route.
While CIL, the country’s largest energy producer, has identified SCG as one of its business diversification avenues, IOCL and GAIL bring to the table their decades of experience in taking up large-scale chemical and process plants.
BHEL has conducted pilot studies with their Pressurized Fluidized Bed Combustion technology and customized it to suit the requirements of high-ash Indian coal. The initiative of CIL and BHEL will lead to commercialization of home-grown coal gasification technology. The synergy and partnership of all the four corporate giants will enable a perfect launch of complex SCG projects.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.