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Gold/Mining/Energy : Gasification Technologies

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To: Dennis Roth who wrote (813)	10/4/2007 2:08:50 PM
From: Dennis Roth	Read Replies (2) of 1740

RIL to make synthetic fuel from petcoke myiris.com Reliance Industries is planning to set up a 4,000 tons a day petroleum coke (petcoke) plant, reports Business Line. Petcoke is a low-value residue produced while refining crude oil and is used for producing fuels such as diesel and naphtha. As Reliance (Q, N,C,F)* produces about 2.5 million tons of this residue per annum this venture looks very profitable, with crude oil prices touching new highs. The company for this venture may enter into a technological collaboration with Germany-based coal conversion technologies major Lurgi. Shares of the company closed up Rs 104.20, or 4.55%, at Rs 2,393.55. The total volume of shares traded at the BSE was 2,393,003. (Wednesday)

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