Sign In
Learn bits
World Affairs
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 

More Related Current Affairs View All

10 Jan

Rural landowners in Delhi want repeal of Sections 33 and 81 of Delhi Land Reforms Act

'Both sections dealing with the use and sale of agricultural land have come under the spotlight ahead of the Delhi Assembly elections.' This can only be done by the Central gove

Read More

10 Jan

Pravasi Bharatiya Diwas

'Prime Minister Narendra Modi inaugurated the 18th edition of the Pravasi Bharatiya Diwas  in Bhubaneswar.' The event is held once every two years to “honour the cont

Read More

10 Jan

Deciphering the Indus script

'Recently, Tamil Nadu Chief Minister M.K. Stalin announced a $1-million prize for experts or organisations in the event of their success in deciphering the scripts of the Indus Val

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps