23 April 2008 20:56 [Source: ICIS news]
NEW DELHI (ICIS news)--?xml:namespace>
The Indian Rupees(Rs)2.15bn ($54m) project would include an 80,000 tonnes/year carbon black plant and a 16-megawatt power plant. The power plant would use waste gases generated by the carbon black plant.
The grant of CDM status to the project would help the company earn additional revenue from sale of underlying carbon credits in the global market.
The company plans to commission the project in the first quarter of 2009, pending environmental clearance by the Indian government.
($1 = Rs39.92)
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