RIL gets US govt's Rs 2.8 crore grant for liquid fuel project
21 Dec 2008, 1449 hrs IST, PTI
economictimes.indiatimes.com
WASHINGTON: India's top corporate Reliance Industries, led by the country's richest person Mukesh Ambani, has received a grant of 600,000 dollars
(less than Rs 3 crore) for its proposed coal-to-liquid fuel project.
The domestic petrochemicals giant itself is contributing 391,305 dollars (less than Rs 2 crore) to fund the feasibility study for the project, while another US company Headwaters CTL LLC is also putting in 120,000 dollars.
The grant has been provided by the US Trade and Development Agency (USTDA) and has been disclosed in the '2008 National Export Strategy' report from the US government's Trade Promotion Coordinating Committee (TPCC).
"USTDA and the Department of Energy are supporting the US-India Energy Dialogue. The Dialogue promotes increased trade and investment in the energy sector by working with the public and private sectors to further identify areas of collaboration," the report said, while listing out seven funding activities approved by the USTDA this year, which includes the one for RIL.
The grant to RIL is to "partially fund a feasibility study for a lignite/petroleum residue-to-synthetic liquid fuel project. The study will consider the application of advanced proprietary coal-to-liquids technology from Headwaters CTL, LLC, a US firm based in Utah, with laboratories in New Jersey.
"Reliance is contributing an additional 391,305 dollars and Headwaters an additional 120,000 dollars," TPCC said. |
