The News Review:
- Daily Times – Site Edition
- Tata Steel weighs pellet plant
- ICRA assigns IP Grade 3 to BGR Energy Systems` IP
- Tetra Point Fuels to begin ethanol production in Denton using expired…
- Can a bold new “eco-city” clear the air in China?
Daily Times – Site Edition
Daily Times – Nov 25, 2007
NIP has exercised its mandate by initiating its first project Korangi Creek Industrial Park on 240 acres of land in Karachi. NIP has been entrusted to carryout the infrastructure development work market and operationalised the industrial park. Former Prime Minister has launched the project on July 29 2006 the construction work on the site has commenced and infrastructure development work is expected to be completed by the mid of 2008. All the infrastructure development cost would be received by NIP. Government of Sindh and PIDC will equally share the proceeds from the cost of undeveloped land as per agreement signed between NIP and PIDC. While developing the land into industrial park in Master Plan 38 percent of the land has been set aside for infrastructure development right of way and essential utilities including effluent treatment plant and power plant… All the infrastructure development cost would be received by NIP. Government of Sindh and PIDC will equally share the proceeds from the cost of undeveloped land as per agreement signed between NIP and PIDC. While developing the land into industrial park in Master Plan 38 percent of the land has been set aside for infrastructure development right of way and essential utilities including effluent treatment plant and power plant. The revenue accounted by the company for the park are based on the saleable land of 148 acres i. 62 percent of the total undeveloped area. To meet the requirements of customers it has also been decided to explore the development of captive power generation facilities on a Build perate and Transfer (BT) basis for which areas have been allocated in the park and a dedicated Effluent Treatment Plant.
Tata Steel weighs pellet plant
Calcutta Telegraph – Nov 25, 2007
Picture by Kishor Roy Chowdhury Calcutta Nov. 24: Tata Steel plans to set up an 8-million-tonne pellet-making plant at an investment of over Rs 1000 crore. The plant will come up at Jharkhand or rissa where the company has iron ore mines. In 2004 the company had announced that it would set up a 4mt pellet plant to ensure a steady supply of feedstock for its proposed steel unit in Bangladesh after the controversy over iron ore exports from the country. Speaking at a two-day global steel seminar Tata Steel adviser Amit Chatterjee said the company would set up the pellet facility near its iron ore mines to make use of the fines generated during the extraction of ore lumps. After washing out impurities iron ore fines are glued with additives such as limestone and coal to form pellets that can be directly fed into furnaces to make steel… As a pre-emptive measure Tata Steel is tying up with different engineering colleges and universities to ensure that it doesn’t face a scarcity of skilled manpower. “We have tied up with IIT Kharagpur. The institute will offer a four-year engineering course exclusively on iron and steel for graduates beginning next year. The first batch will start with 60 students. We will also talk to the University of Holland” Chatterjee added.
ICRA assigns IP Grade 3 to BGR Energy Systems` IP
Myiris.com – Nov 25, 2007
ICRA assigns IP gradings on a scale of IP Grade 5 through to IP Grade 1 with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. IP Grade 3 represents average fundamentals. The IP Grade 3 assigned by ICRA reflects BGR`s established track record in implementing BP contracts for power projects its inhouse design engineering capabilities and its strong order book position besides the favourable prospects for its business in the power sector. BGR`s technical collaborations with foreign licensors have enabled the company absorb the technology required for design engineering and manufacturing of products such as air-fin coolers deareators water treatment systems and oil and gas equipment over the past few years. The company`s products business although currently small in terms of contribution to overall revenues offer considerable growth potential and also support its competitive advantage in power project contracts. These strengths along with buoyant investment in the power generation segment have led to BGR reporting a revenue growth of 80% (annualised) in 2006-07. The grading also takes due note of the fact that despite moderate profit margins BGR`s returns on capital employed and on net worth have remained strong (24… 3% respectively in 2006-07) because of the low fixed-capital intensity of its business. The grading is however constrained by the increasing competitive pressures from both domestic and international players in all of BGR`s business segments the company`s high working capital intensity and the sensitivity of its operating profits to fluctuations in the prices of basic raw materials and bought-out components (given the fixed-price nature of contracts in the project business). ICRA further notes that BGR does not have facilities for manufacture of critical plant equipments such as boilers turbines and generators (BTG). This makes it critical for the company to be able to tie up with EMs for sourcing of BTG while bidding for the entire portion of EPC contracts for power projects. * Q – Quote N – News C – Chart F – Financials. smallText1:link {font-size:10px; color:#b22a00;padding:3px;text-decoration:none}.
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Tetra Point Fuels to begin ethanol production in Denton using expired…
Denton Record-Chronicle – Denton Record Chronicle – Nov 25, 2007
Packaging like plastic aluminum and glass are then recycled at the plant. The drained liquid is moved to another big tank similar to microbrewery tanks where yeast is added and fermentation begins. Unlike other breweries this plant doesn’t care what the brew tastes like. It optimizes the process for speed and alcohol content. “It’s a very very nasty beer” company Vice President Ball said. “It would undoubtedly make you ill. ” In complying with a federal denaturing process the plant will ensure the product is unfit for human consumption by adding 2 percent to 5 percent gasoline to the alcohol before it can be transported… Through an agreement with the University of North Texas environmental sciences program the company will learn how to build a wetland with the nutrient-rich wastewater and place plants that will consume the nutrients and leave clean water. Geiger who specializes in project management and Ball a chemical engineer said it was important to get involved with universities. They will work with the University of North Texas environmental sciences department research services and Texas A&M University’s chemical engineering department design services. Kevin Stevens the UNT lead researcher on the project for Tetra said his team would look at wetland plants that can remove high-concentration compounds and potentially grow a plant in the wastewater. “We are the first to start doing this” Misty Wellner research assistant said. “It is a new idea to use plants to clean wastewater.
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Can a bold new “eco-city” clear the air in China?
Seattle Times – Nov 25, 2007
Behind them is a coal-burning plant. “China desperately needs help in cleaning up its environment” says Tam one of the earliest employees of Seattle health non-profit PATH… “China desperately needs help in cleaning up its environment not only for its own sake but for the world” said Patrick Tam a former employee of the Seattle global-health nonprofit PATH who now works for the first venture-capital firm in China focused on environmental business. The scale and ambition of Dongtan exceeds anything Gary Lawrence took on in his former jobs as Seattle’s planning director or Redmond’s city manager. Lawrence directs urban-sustainability strategies for the engineering and design firm Arup which was hired to create the eco-city by the for-profit investment arm of the Shanghai government. London-based Arup also engineered China’s lympic stadium national aquatics center and other high-profile projects in Beijing. “There needs to be an example for all of China of what ecological design actually means” said Lawrence. Chinese leaders “have to find a way to grow cities to accommodate population increases and movement of people without exacerbating their water shortages and their energy shortages. But elsewhere around Shanghai there’s evidence that eco-projects started with the best of intentions can fall victim to cost-cutting and local apathy.