[av_heading heading=’Adani‘s Australian unit was not immediately available for comment. NAIF was set up by the Australian government last year to promote the economic development of Australia’s north by offering loans for infrastructure projects including airports ports and railroads.’ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’1′ color=” custom_font=”][/av_heading]
[av_textblock size=” font_color=” color=”][/av_textblock]
[av_hr class=’custom’ height=’50’ shadow=’no-shadow’ position=’center’ custom_border=’av-border-thin’ custom_width=’50px’ custom_border_color=” custom_margin_top=’1px’ custom_margin_bottom=’1px’ icon_select=’yes’ custom_icon_color=” icon=’ue811′ font=’entypo-fontello’]
[av_textblock size=” font_color=” color=”]
| Adani’s Australian unit was not immediately available for comment. NAIF was set up by the Australian government last year to promote the economic development of Australia’s north by offering loans for infrastructure projects including airports ports and railroads.
Adani, which has secured the major state and federal government approvals it needs for Carmichael, has still to announce funding for the project. Environmentalists have lobbied banks not to provide loans and a number, including Germany’s Deutsche Bank and Commonwealth Bank of Australia, have stated they will not participate in the project. The Indian company wants to start construction in the middle of this year, Adani Australia chief executive Jeyakumar Janakaraj told reporters in December, when he announced an agreement with the Queensland state government to hire local workers. Comprising six open-cut pits, five underground collieries and the rail line, to the Queensland coast, environmentalists also fear the mine will produce so much coal for export to India that it will require a mega-port expansion into the Great Barrier Reef World Heritage Area. Adani has said the project would not threaten the reef, while creating thousands of jobs and providing India with cleaner burning coal only found in Australia. Source – business-standard.com |
|
[/av_textblock]
[av_social_share title=’Share this entry’ style=” buttons=”]
[av_comments_list]
[av_heading tag=’h3′ padding=’1′ heading=’Sustainable steel making for “Make In India” and achieving Paris climate deal targets’ color=” style=’blockquote modern-quote’ custom_font=” size=” subheading_active=’subheading_below’ subheading_size=’15’ custom_class=”]
ND Rao, PMAI
[/av_heading]
[av_textblock size=” font_color=” color=”]
Exclusive
26 September 2016
[/av_textblock]
[av_hr class=’custom’ height=’50’ shadow=’no-shadow’ position=’center’ custom_border=’av-border-thin’ custom_width=’50px’ custom_border_color=” custom_margin_top=’1px’ custom_margin_bottom=’1px’ icon_select=’yes’ custom_icon_color=” icon=’ue811′ font=’entypo-fontello’]
[av_textblock size=” font_color=” color=”]
|
India blessed with around 30 billion tons of Iron Ore Resource base (as on 2015), 20% High Grade, 30% Medium Grade & balance 50% Low Grade ore. All medium & low grade ores require to be processed through washing & beneficiation plants to enrich ore quality for use in Steel making. Iron ore beneficiation & pelletisation plants with total capacity around 116 MTPA & 85 MTPA respectively have come up in the country to use these low grade iron ore fines. It is expected the steel consumption will increase to around 150 kg/person/yr from existing level of 60 by 2030, which amounts around 200 million tons steel production. It is estimated by 2060, India will be a develop country with a population of 1600 million & highest in the world. Considering present 100 million Tons Steel production & 85 million Tons of Pellet production per year, following CO2 emissions can be reduced per year for sustainable steel making. Mining – As per FIMI, around 100 million tons of iron ore fines stocks are available in our country. Existing Iron ore Beneficiation units shall use these fines’ dumps, which in turn reduce further mining & reduction in CO2 emission by 0.09 Mil. Tons (0.9 KgCO2/t X 100 Mil. Tons) Pipeline – Around 24 MTPA Iron ore slurry is being transported through underground pipeline from various Beneficiation Plants to respective Pellet Plants. It reduces CO2 emission by 0.8112 Mil. Tons (33.8) Kg CO2/t X 24mil. Tons) per annum comparing to road transport Agglomeration – 85 MTPA Iron ore pellet production will reduce CO2 emission by 19.55 Mil. Tons ((230) Kg CO2/t X 85 Mil. Tons) per annum comparing to sintering process. Iron & Steel Making – By use of 85 MTPA Iron ore pellets for iron & steel making will reduce CO2 emission by 26.7 Mil. Tonnes ((1255-941) Kg CO2/t X 85 Mil. Tonnes) per annum comparing to the use of sinters. In total; around 47.15 Million Tons of CO2 emission per year can be reduced by changing to sustainable technology in Steel making value chain. In order to ratify Paris climate deal, Steel makers have to reduce carbon foot print to achieve the below target set in Paris Climate deal * CAPPING TEMP RISE < 2 deg C * 35% REDUCTION IN EMISSION LEVELS BY 2030 FROM 2015 LEVEL * $2.5 Trillion ESTIMATED INVESTMENT REQUIRED * 40% OF OVERALL ENERGY MUST BE NON-FOSSIL FUEL BASED BY 2030 * ABOVE 25 Yrs OLD COAL BASED POWER PLANTS TO BE SHUTDOWN * 34,278 Mw TO BE CLOSED. * TOTAL COAL BASED CAPACITY 211,640 Mw (2015 CEA) |
|
[/av_textblock]
[av_social_share title=’Share this entry’ style=” buttons=”]
[av_comments_list]