IndianOil is mulling a host of projects at Haldia refinery to decrease refinery flare, vent air emission and steam consumption as a measure to protect the environment, generate carbon credits and promote the captive use of waste energy.
As many as three CDM (clean development mechanism) projects worth Rs 24 crore are in different stages of mulling and implementation to generate carbon credits and savings in cost of production by more gainful use of energy. Refineries produce gas during the fluid catalytic cracking and crude distillation process. The project is hoped to generate 17,500 CER (certified emission reduction) units.
The project will bring home revenue of around Rs 2 crore a year via trading of carbon credits. This apart the company will also save on the use of the captured gas in boilers, replacing the costlier naphtha. Plans are now being firmed up to start another CDM project of Rs 12 crore for decrease of steam consumption. The refinery uses naphtha to generate steam.
As many as three CDM (clean development mechanism) projects worth Rs 24 crore are in different stages of mulling and implementation to generate carbon credits and savings in cost of production by more gainful use of energy. Refineries produce gas during the fluid catalytic cracking and crude distillation process. The project is hoped to generate 17,500 CER (certified emission reduction) units.
The project will bring home revenue of around Rs 2 crore a year via trading of carbon credits. This apart the company will also save on the use of the captured gas in boilers, replacing the costlier naphtha. Plans are now being firmed up to start another CDM project of Rs 12 crore for decrease of steam consumption. The refinery uses naphtha to generate steam.
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