Coal India & NTPC to Collaborate for Renewal of Two Gas-Based Fertilizer Plants
KOLKATA: Coal India which is
headquartered in Kolkata is world's leading coal miner, and NTPC headquartered
in New Delhi, which is India’s principal power generation company, have announced
their plans to collaborate and renew 2 gas-based fertilizer plants. The
companies plan to restart the Gorakhpur and Sindri plants of the Fertilizer
Corporation of India. It is estimated that over the next 4 years, the cost for
the revival of these plants would be around INR18,000 crores. Also, the gas for
these plants will be supplied via Jagdishpur-Haldia pipeline. For this purpose,
GAIL has been contacted in order to accelerate the construction work of the pipeline
from Jagdishpur in Uttar Pradesh to Haldia in West Bengal for providing
connectivity to urea plants at Gorakhpur in Uttar Pradesh and Sindri in
Jharkhand.
TechSci Research depicts that the plans for the revitalisation of the fertiliser plants are
expected to increase the production of urea in the country. Moreover, it is
also projected that the production of other chemicals associated with gas based
fertilizers would also increase. This would help in bridging the demand-supply
gap. This in turn would help in meeting country’s increasing domestic demand,
thereby reducing the dependence on imports.
According to TechSci
Research report “Global
Water Soluble Fertilizers Market By Type, By Composition, By Grade, By
Structure, By Application, By Crop, By Region, By Sales Channel, By Company
Forecast & Opportunities, 2011 - 2021”, the
global water soluble fertilizers market is projected to grow at a CAGR of over
5% during 2016-2021, on account of rising population, growing demand for food
grains, and rising concerns related to depleting ground water resources. Water
soluble fertilizers are also being extensively used in order to increase yield,
as they are easy to apply and require less amount of fertilizers and water
usage. Water soluble fertilizers dissolve faster, have a higher utilization
rate and are absorbed quickly as compared to conventional chemical fertilizers.