Gas | 14 August 2020
GAIL quarterly profit, sales drop due to lower volumes, to improve capex
Sales declined 7.53% to Rs 388.90 crore in the quarter.
Sales declined 7.53% to Rs 388.90 crore in the quarter.
This decline in throughput was due to partial and full shutdown of a number of industries, refineries, power plants etc. which reduced their off-take of natural gas as the demand of their respective products decreased.
Through the partnership, the two companies will jointly support and develop Carbon Capture Utilisation and Storage (CCUS) projects on a build-own-operate model.
The plan for biogas follows a move to mix ethanol extracted from sugarcane with petrol and doping diesel with biodiesel extracted from non-edible oil.
The European Clean Hydrogen Alliance aims at an ambitious deployment of hydrogen technologies by 2030, bringing together renewable and low-carbon hydrogen production, demand in industry, mobility and other sectors, as well as hydrogen transmission and distribution.
The MoU builds new energy capability and capacity in the UK and represents a significant strategic step in Petrofac’s continued expansion into new and renewable energy.
Each of the four new LNG process units, the largest LNG production trains in the world, will have a production capacity of 7.8 million metric tons per year (m.t./yr).
The approved funding for the project, starting on 1 August 2020, amounts to EUR 30 million and the overall project has a total budget of EUR 89 million.
Shipping JV will be responsible for transporting LPG cargoes and other petroleum products, sourced from the ADNOC Group and global suppliers, to Wanhua Group’s manufacturing bases in China and around the world.
As per the contract, tpgroup will qualify the design concepts, build and test a prototype system to manage hydrogen during emergency shutdown procedures more safely and reliably than existing methods.
Sales dropped by 50.2% YoY and stood at Rs 248.13 crore in June 2020.
Siemens Energy will supply the required 20 compression trains. Ten trains will be built for the injection portion of the plant, and another 10 trains will be used for the withdrawal portion of the plant.
Decline due to lower production in domestic business post closure of Panna Mukta and D1D3 fields and lower prices.
Adjusted earnings per share were $1.90, 4% above prior year, or 8% higher when excluding negative currency translation effects.
Sales stood at EUR10.27 billion in the first half of the year, from EUR10.95 billion in the same period last year.
Built and operated by Linde's joint venture Linde LienHwa (LLH), the project will support a multi-billion-dollar wafer fab expansion in Tainan Science Park, Taiwan.
The amount of the initial investment would be approximately 8.5 billion South African Rand (440 million euros).
The hydrogen refueling station will have a capacity of around 1,600 kg of hydrogen per day, making it one of the largest hydrogen stations in terms of nameplate capacity ever built.
UOP’s acid gas removal technology, which includes UOP’s MemGuard and Separex technologies and adsorbents to remove contaminants such as carbon dioxide, hydrogen sulfide and mercury from natural gas, will be used at the facility.
The project will help move forward in maturing the technology for green hydrogen production and turn it into a solution for efficient decarbonization in the medium term, both for the industry that uses it as a raw material and for processes that are difficult to decarbonize.
Subscribe To Our Newsletter & Stay Updated
