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Gold/Mining/Energy : Gasification Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (1017)	10/12/2007 9:50:25 AM
From: Dennis Roth	Respond to of 1740

Reliance Industries to invest 8-9 bln usd in Jamnagar over next 3-4 yrs UPDATE 10.12.07, 9:54 AM ET forbes.com (updates to add chairman's quotes, further details on Jamnagar site) MUMBAI (Thomson Financial) - Reliance Industries Ltd, India's largest private sector company, said the expansion of its Jamnagar petrochemical refinery in the western Indian state of Gujarat would be completed ahead of schedule and at around half the capital cost of international refineries of similar size. At the company's annual general meeting, chairman and managing director Mukesh Ambani told shareholders that Reliance will build the world's largest integrated combined cycle coke gasification complex at Jamnagar by the year 2012. The complex will have an annual capacity of 6 mln tonnes per year. Over the next three to four years, Reliance will invest 8 to 9 bln usd in the Jamnagar site, which the company said has 'considerable profitability potential'. The Jamnagar refinery, the world's third largest, is currently undergoing expansion, aimed at doubling its capacity to 1.2 mln bbl per day and is scheduled for commissioning in 2008. The refinery was commissioned in 1999 with an installed capacity of 661,000 bbl per day. Reliance said it invested over 2 bln usd and is committed to investing about 4 bln usd of risk capital in the coming years to realise the hydrocarbon potential of India. Ambani told shareholders that the company would pursue both organic and inorganic growth opportunities going forward. The company is also looking at expanding its petrochemical businesses in other regions like Egypt and Russia, he added. Reliance, Ambani added, was forging new partnerships, unlike its traditional growth system where it has grew by owning businesses 100 pct, barring a few exceptions. 'With globalisation and the constant quest for new initiatives, this approach may be inadequate across all product, market and technology contexts,' Ambani said in reference to the company's traditional strategy. Ambani said the first gas discoveries in Krishna Godavari basin are expected to be in production in the second half of 2008-09. Reliance sees production of 80 mln cubic metres per day of gas from Dhirubhai 1 and 3 gas fields within the first year of operations, which will double India's current indigenous gas production, the company said. The appreciating rupee might be biting into revenues, but it also brings down the cost of imports for Reliance, said Ambani 'We have large amount of loans which are in dollars. So on one hand we lose but on the other we gain,' Ambani said, adding the company was managing the rise of the rupee. Concluding the AGM, Ambani hinted that second quarter results due Oct 18 would make shareholders 'happy'. TFN.newsdesk@thomson.com ami/ndi/ssa/bsd

To: Dennis Roth who wrote (1017)	1/14/2008 5:04:43 AM
From: Dennis Roth	Read Replies (4) \| Respond to of 1740

RIL in $6-8 b coal-to-oil project Jyoti Mukul Monday, 14 January , 2008, 09:19 Last Updated: Monday, 14 January , 2008, 09:38 sify.com New Delhi: Reliance Industries Ltd (RIL) is venturing into synthetic fuels through a $6-8 billion project that will turn coal into oil. Globally, this is called coal-to-liquid, or CTL, technology. RIL aims to produce about 80,000 barrels of oil per day through the process. The Rs 30,000 crore project will consume about 30 million tonnes of coal annually. India has 248 billion tonnes of coal reserves of which 93 billion tonnes are proven reserves. Coal-to-liquids technology converts synthesis gas into hydrocarbons, which can be converted into petrol, diesel, naphtha, chemicals and even electricity. RIL has tied up with two American companies - Texas-based KBR and Utah-based Headwaters CTL, LLC - for technology. Sources said RIL has sought three coal blocks from the government for the CTL project. The company is likely to make a presentation to the Union ministry of coal next week. An RIL spokesperson refused to comment. Since the project requires large quantities of coal and involves open-cast mining, RIL is simultaneously pursuing underground coal gasification (UGC) projects, which are more feasible, according to a source. For this, India's biggest private-sector refiner is in talks with British oil giant BP plc. RIL has already reached an understanding with the governments of Gujarat and Rajasthan and was also pursuing UGC projects in Madhya Pradesh, where it has been awarded blocks for coal bed methane. Sources said RIL has sought allocation of three blocks from the government - Bankhui, Sakhigopal B and Alaknanda in the Talcher district of Orissa, which contain about 1,600 million tonnes of geological reserves. The Union Budget had last year increased the ambit of captive coal mining to include both coal gassification and liquefaction, which allowed private companies to seek coal blocks for such projects. Before that, only power, steel & iron and cement industries were allowed entry. Globally, such projects are not unusual. South Africa, the world?s leading coal miner, has produced coal-derived fuels since the 1950s. The country currently meets nearly one-third of its gasoline and diesel needs through coal. Sasol, the South African petrochemicals giant, announced in October 2007 that it is considering investing $6 billion for CTL projects in Assam.