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Mahesh

18/08/22 06:10 AM IST

India buys discounted Venezuelan petroleum coke to replace coal

In News 
  • Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time.
  • India's growing appetite for Venezuela's petcoke - a byproduct from oil upgrading and an alternative to coal - is being driven by a scramble for inexpensive fuel to power industries as global coal prices have surged.
Pet Coke 
  • Petroleum coke (or pet coke) is a final carbon-rich solid material that derives from oil refining
  • A tonne of petcoke is more expensive than coal, but produces more energy when burnt. It is generally not used as fuel because of toxic emissions, but is widely used by the cement industry – its largest consumer, as sulphur dioxide emissions, are absorbed by limestone.
  • Uses: As fuel in Industries- Cement, Lime, Alumina etc.
  • Previously Supreme Court had banned the use of Petcoke in NCR areas (Delhi)
  • India, which counts the United States and Saudi Arabia as major petcoke suppliers, received its first-ever cargo from Venezuela at the beginning of 2022
Source- Business Standard 

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