Indore based Green Earth Innovations (GEI),
today staked claim that its Indian patented technology for extraction
of fuel from plastic waste, is ready for commercialisation. "We have
reversed the chemistry to extract fuel from plastics. Plastic is
by-product of hydrocarbon, our innovation has reversed the
process-thermal de-polymerisation-to manufacture oil from plastic using a
catalyst," claimed Manoj Sharma, promoter of the company. "The Indian
Institute of Petroleum, Dehradun has certified our technology, and we
have been granted an Indian patent for it," he claimed. "Using this low
cost technology all grades of plastic can be used to extract fuel,
barring PVC and pet bottles," Sharma said adding that conversion cost by
the plant works out to be Rs 7 per one kg of plastic waste. "The fuel
extracted from plastic waste using our technology can be used to run
Bharat stage-II vehicles and also for industrial purposes like running
DG sets, heavy pumps, hot mix plants," he claimed, while demonstrating
the technology. "The extracted fuel from plastic waste is equivalent to
diesel," Sharma claimed. "The plant for extraction can be set up with
capacity ranging from 1 metric tonne (MT) to 30 MT per day and 1,000
litres of oil can be extracted from 1 MT plastic waste on daily basis,"
he claimed adding that one 1 MT capacity plant can produce 1,000 litres
of oil in three hours. The company, a joint venture between Jadavpur
University Kolkata ex-professor Nilachal Bhattacharya, and Sharma, has
set up a plant of 10 metric tonne (MT) capacity based on this
technology, on the outskirts of Indore in Madhya Pradesh. The company
is now offering technology on franchise model, claiming it to be an
environment friendly solution for the disposal of plastic.
Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee falls below the 53.0-53.50 mark vis-a-vis the USD, expect a mini meltdown atleast in the equity markets. In that case, the 2250 level (on Nifty) will be breached easily to form a new low. The possibility of that low being below the 2000 levels on the Nifty spot is fairly high,” he says. Bhambwani supports his outlook by comparing the value of rupee at the time of October lows. “The October 2008 lows were made with the INR at 51.20 - 51.40 band. The rupee has breached the 52 level since then. Clearly the nation’s ‘share price’ (currency) indicates weakness. The curency market is a far more accurate barometer of the nation’s health compared to the equity indices. Whether you like it or not, we are under siege. Had it not been March (NAV ...
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