Tata Steel will set up a 3.6 million tonne per annum (mtpa) coal-to-liquid project in Orissa in partnership with Sasol Synfuels of South Africa.
The 50:50 joint venture will spend Rs 40,000-45,000 crore on the project, to be completed in eight years.
B Muthuraman, vice chairman, Tata Steel, and Ernst Oberholster, managing director, Sasol, met Orissa chief minister Naveen Patnaik on Tuesday to discuss the project.
“If materialised, the project would be the first of its kind in India and second in the world,” Muthuraman said after the meeting.
The location of the plant, which will require 3,000 acres of land, hasn’t been identified yet. However, coal, the primary raw material for the plant, will come from mines in the Talcher belt.
The project also envisages a beneficiation plant, a coal handling plant, and a 1600 mw power plant.
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