Financial Daily from THE HINDU group of publications
Friday, Apr 15, 2005
Financial Daily from THE HINDU group of publications Friday, Apr 15, 2005 |
|
|
|
|
|
Industry & Economy
-
Non-conventional Energy Team Sustain to set up biodiesel plant in Kochi Our Bureau
Kochi , April 14 THE Kochi-based Team Sustain, the company that is into renewable and alternative sources of energy, plans to set up a 30,000-litre-a-day biodiesel plant here in association with Biodiesel Industries of the US. The plant will not only cater to the fuel requirements of India, but would eventually supply the needs of several South-East Asian countries as well, Mr Ravi Shankar, Head of Marketing, told a news conference. The plant will have a capacity to produce energy from cheap organic fats and oils such as oil of palm kernel, rubber oil, and fish oil. The product will be available at prices less than half of that of diesel, Mr Shankar said. Biodiesel Industries would supply the technology and hold a sizeable portion of the equity. Of the project cost, as much as 50 per cent is to be invested by Biodiesel and venture capital funds have been tied up for funding 40 per cent of the rest. The remaining 10 per cent is going to be taken up by Team Sustain. Such bio-diesel projects are already running successfully in the US, Australia and Singapore. Now similar projects are to be executed in China and India as well. The project that is expected to cost between Rs 16 - 20 crore would be commissioned in Kochi within one year, Mr Shankar said. Team Sustain has also bid for setting up sewage treatment system for trains of Indian Railways. The system which is currently in force in some European countries do not expel the waste but is stored and treated with bio-enzymes that converts it into a odourless solid waste with one-fourth the volume. This can then be pumped out at the major stations into big tanks. The company has also proposed to the Kerala Tourism Development Corporation to set up centralised waste and sewage treatment facility for houseboats on Kerala's backwaters. This will be on a floating platform on to which five houseboats can be attached at the same time.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|