Polish companies plan 400-600 mln euros coal gasification project

21/04/2017 10:14 Coal

news

Polish state-controlled companies Tauron Polska Energia and Grupa Azoty signed a letter of intent concerning cooperation over a scheduled coal gasification project valued at 400-600 million euros ($430 million-$645 million), according to Azoty on Thursday.

The parties had determined that natural gas presently employed for nitrogen-based fertilizers production can be partially substituted with syngas obtained via coal gasification. This might generate new opportunities for the mining industry and aid advance low emissions technology, increasing Poland’s energy security.


The letter of intent illustrates Grupa Azoty’s entry into the business of producing chemicals which have by now been either imported (methanol) or made from externally sourced natural gas (ammonia).  


Azoty declared that the project is aimed at reducing the negative influence which coal and chemical industries pose for the environment.


Tauron Group, one of the biggest business organisations in Poland, ranks as the leading distributor and second-major producer and provider of electricity, with its operations covering 18% of the country.
 

UK - first coal-power free day in over a century, according to National Grid

24/04/2017 16:29:00

Britain is set for its first day without electricity production from coal-fired power stations since the country's industrial revolution in the 19th century, as stated by power grid operator National Grid on Friday.

<READ MORE

Russia: Novatek will increase gas resources to preserve output, stabilize market share

24/04/2017 11:09:00

Novatek, Russia's biggest non-state natural gas producer, is seeking to increase its resource base to keep gas production and maintain stable its domestic market share, as stated on Friday by Leonid Mikhelson, the manager of the company.

READ MORE

Daily (24.04.2017): U.S. crude settled below $50 for first time in 2 weeks

24/04/2017 10:27:00

Oil prices fell over 2 percent on Friday, marking the biggest weekly drop in over a month on rising proof that U.S. production and inventory growth were counterbalancing OPEC's efforts to limit the global crude glut. Brent futures settled down $1.03, or 2%, at $51.96 a barrel. U.S. crude futures ended the session down 2.2 %, or $1.09 at $49.62 a barrel.

READ MORE