Budget: Experts claim that 100 MT of coal gasification will boost end-use industries like steel.
Energyworld.com
India
02-02-2024
Share
Experts noted that increasing coal gasification and liquefaction capacity will boost the steel and other end-user industries, cut emissions, and lessen India's need for imports of essential commodities like natural gas. As she introduced the interim budget to the legislature on Thursday, Finance Minister Nirmala Sitharaman said, "Coal gasification and liquefaction capacity of 100 MT will be set up by 2030."
Coal is transformed into syngas, a liquid fuel used to produce steel, during the gasification process.
The action is in keeping with Aatmanirbhar Bharat's goal, according to Somesh Kumar, Partner & Leader-Power & Utilities, EY.