Sunday, May 22, 2022

Govt organising Investors’ Meet on launch of closed CIL mines, coal gasification

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  • During the forenoon session of the Investor’s Meet, presentations and talks will be held on showcasing the opportunities in the launch of closed/discontinued coal mines 
  • Pralhad Joshi will be chairing the session with a view to understand the expectations of the private sector to join the efforts of the government in achieving 100 MT coal gasification by 2030 

New Delhi: Union Minister of Coal Pralhad Joshi will launch a high-level Investors’ Meet in Mumbai on May 6, focussed on the topics of “Launching of closed/discontinued coal mines of Coal India Ltd (CIL) on revenue sharing mode” and “Coal Gasification: Way Forward.” To be organised by the Ministry of Coal in association with CIL and FICCI, the Investor’s Meet will also be addressed by Minister of State (MoS) for Coal Raosaheb Patil Danve, said the Coal Ministry on Wednesday.

Coal Secretary Dr Anil Kumar Jain and other senior functionaries of the ministry, Coal India Ltd and experts from the industry sector will also attend the one-day meet.

Coal sector Investors’ Meet: What’s on the agenda?

During the forenoon session of the Investor’s Meet, presentations and talks will be held on showcasing the opportunities in the launch of closed/discontinued coal mines and aspects pertaining to its revenue sharing model. Screening of short film on closed/discontinued mines of Coal India will be another highlight.

For effective implementation of coal gasification projects in India and to ensure ease of doing business in coal gasification, the afternoon session will be marked by addresses by both the ministers. Joshi will be chairing the session with a view to understand the expectations of the private sector to join the efforts of the government in achieving 100 MT coal gasification by 2030. He will be launching two reports of the Coal Ministry — Technology Roadmap for Coal Sector and Roadmap for Coal to Hydrogen.

Background

India has a reserve of 307 Billion Tonnes of thermal coal and about 80 percent of coal produced is used in thermal power plants. With environment concerns, the government has prepared a mission document for coal gasification of 100 MT by 2030 since gasification of coal is considered as a cleaner option compared to burning of coal. Gasification facilitates utilisation of the chemical properties of coal. Syn gas produced from coal can be used to produce gaseous fuels such as Hydrogen (Blue coupled with CCUS), Substitute Natural Gas (SNG or Methane), Di-Methyl Ether (DME), Liquid Fuels such as Methanol, Ethanol, Synthetic diesel and Chemical like Methanol derivatives, Olefins, Propylene, Mono-Ethylene Glycol (MEG), nitrogenous fertilizers including Ammonia, DRI, Industrial Chemicals along with Power Generation. These products will help move towards self-sufficiency under Atmanirbhar Bharat Abhiyaan. In line with the above objective, Ministry of Coal has taken initiative for utilising coal through coal gasification and has prepared the National Mission document to achieve 100 MT coal gasification by year 2030.

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