Jindal Steel and Power in advance talks with three firms abroad for CTL project

Jindal Steel and Power (JSPL) is in advanced talks with three firms abroad for its ambitious $10 billion coal-to-liquid (CTL) project. So far, the company has discussed the technology tie up with companies such as UDHE, Siemens, Conocophilips, GE and KPR, among others. Naveen Jindal promoted company plans to commission this CTL project by 2019.

In the CTL project, liquids fuels such as methanol, petrol and diesel are produced from coal. Currently, the technology is commercially used in South Africa, China and the US and hence the company is in on lookout for a technical partner.

Back in 2009, Government allocated Ramchandi coal blocks in Odisha to the company for implementation of CTL project in the country. The project will produce 80000 barrels per day crude using environment friendly Indirect Coal Liquification technology developed by Lurgi of Germany for the first time in India.  Further, this project on completion will enhance energy security by reducing dependence on imported crude. However, the company is currently seeking regulatory clearances to explore Ramchandi coal block.

Courtesy: Indian-Commodity