This gasification project at Jamnagar was set up to produce syngas to meet the energy requirements of RIL'S crude oil refinery. It, however, could be monetised for expanding the company's new energy business. “The gasification unit will no longer serve just the refinery, an RIL official told Business Standard.
The refinery off-gases produced from this project earlier served as fuel. They have now been repurposed into feedstock for the refinery off gas cracker (ROGC). “This enables production of olefins at competitive capital and operating costs. Syngas as a fuel ensures reliability of supply and helps reduce volatility in the energy costs. Syngas is also used to produce hydrogen for consumption in the Jamnagar refinery, RIL said in a statement late Wednesday.
According to Morgan Stanley, RIL's announcement to separate its pet coke gasifier assets is another step towards monetising the potential synergies between its existing energy infrastructure and new energy plans.
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