31 December 2016

29 October 2016

US based firm Stonetek Energy plans India's first coal-based urea plant worth Rs 6,000 crore in Chandrapur, Nagpur

The proposed plant will be first of its kind, which will produce urea from coal. Coal based fertilizer manufacturing with coal gasification technology is going to be implemented for the first time in the country, with lower production cost and minimal emission. This urea will be cheaper in cost and farmers will get  urea in less rates. This coal-urea is going to be available Rs 10,000 per tonne cheaper than present rates.

Maharashtra Government has already allotted a piece of land to the US based firm, and Western Coalfields Limited (WCL) has agreed for coal linkage to the proposed plant. Coal is available in abundance in Vidarbha Region.

Presently urea manufacturing units  are either gas based on naphtha based and both the process are costly than this new technology of producing urea from coal. The technology is eco-friendly and being implemented in Chandrapur as a pilot plant. Once it is successful, it could be replicated in other plants.

Hopefully the project would start producing urea in 36 months.

Stay tuned to the "Fertilizer News" for more news on Fertilizer sector

27 September 2016

Kribhco investing Rs 1000 crores to setup P&K plant in Andhra Pradesh

Urea producer, public sector giant Kribhco is all set to stablish a 6 lakh tonnes per annum P&K plant in Krishnapatnam, Andhra Pradesh with an investment of Rs 1000 crores. This project would be completed in next four years. The company would double it's capacity later on to make it 12 lakh tonnes per annum.

Presently Kribhco producing 22 lakh tonnes of urea per annum at Hazira Gujrat. It has one plant in Shahjahanpur U.P. in partnership with Shyam Group to produce urea. Capacity of this plant is 10 lakh tonnes per annum. Besides this Kribhco has one another plant in Oman in partnership with Iffco.

Kribhco wants to tap the incentives AP government offering to new enterant in the state. The government will provide power at Rs 1 per unit for next 10 years. VAT will also not to be charged for next 7 years. Besides this lots of other incentives are being offered by the state government. Kribhco has done the calculations and excepts Rs 500 crores savings by government incentives.

Stay tuned to the "Fertilizer News" for more news on Fertilizer sector.