The point is money is limited and wasting it on oil refineries which will already end up with massive over capacity if we one day decide to stop killing a million Indians every year. We can simply buy refined petroleum from a *censored*load of sellers all desperate to sell it. Imagine $44 billion being spent on building 40000 hydrogen stations across the country or building 40GW of clean nuclear energy or even advancing battery technology. That we have so much pollution with just a million first world hosers is all the more reason to wean off from polluting fossils (and renewables) before we get to a billion jobbers.
Indian Economy : News,Discussions & Updates
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Had this discussion elsewhere.
We already import oil, we can't import refined petroleum also. Who's gonna pay hundreds of billions in forex?
We can import only if someone is ready to take INR.
Only the oil import bill is expected to be $87.7B this year.
India's oil import bill to jump by 25% in FY18
IIRC, the highest it has been is $140B.
IIRC, our petroleum exports are about $26B today. Now you want us to import petrol, diesel etc.
Our mantra is to import oil and export excess production of petroleum.
What you are talking about is something we can do only after 2030. We need oil until 2040.
You are saying impractical things. Give me example of one country which has invested $44 billion in hydrogen fuel cell ? The tech is not mature enough and the preliminary research is already going on in India as well.
Your post only shows your lack of understanding about your country.
Stop fiddling around and source the hundreds of billions of dollars that will be spent on refined oil imports by stopping new refineries.
Dude, I can't prove common sense. Just look up how much the new refineries will refine and then convert that to dollars.
Also my figure includes crude oil imports also, not just petroleum.
Oil products are India's biggest merchandise export.We import crude oil and then export value added products.It is net benefit for India and cannot be changed for next 15-20 years.
In 5 years, passenger traffic has doubled in almost all major airports except Mumbai. Very soon all airports will be choked and forced to relocated out of city limits and that will drastically increase travel duration. As of now I don't see any plans by government to tackle this issue.
Bangalore's airport will double capacity. They are building a second runway and terminal.
They are building a new airport for Mumbai in Navi Mumbai.
Delhi is getting a second airport. The approvals came last year.
Bangalore and Hyderabad can manage because these are already outside city and can easily increase their capacity. But Mumbai's second airport has land for only 2 runways and will saturate within 10-15 years. They should have planned for a location which can accommodate at least 4 runways. Delhi airport's capacity can be expanded till 100 million and beyond that a new airport will be required. Again that will be far off from city center and will add to overall travel time.
Apart from these I don't see any planning for other cities where air traffic is literally exploding!! Patna and Bhubaneswar grew by almost 50% and 40% respectively !!
So the problem that you are pointing out is the airport themselves or the time it takes to travel to one?
Both. Most airports cannot manage current air traffic and will have a tough time handling this sort of explosive growth. Within next 5-10 years these airports will move out of city limits and travel time will be a pain in the butt. Both scenarios adversely affect growth in businesses. No business person would like to waste 6 hr travel time for a 1 hr flight.
UDAN is a good scheme to improve air connectivity to tier 3 cities. But at the same time government should also plan for fast and affordable connectivity to airport itself!! Bangalore and Hyderabad airports started exactly 10 years back and still there is no metro connection.
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Hydrogen fuel cell automobiles will never be practical, but one powered by methanol might just do it. Hydrogen is too costly to produce, difficult to handle, store and transport but methanol doesn't have such issues. One other feedstock which can be used to produce methanol is Biomass like agricultural waste and algae. Methanol has a low energy density but it burns clean and can be carbon neutral with the right production structure.
Nitiayog had looked at methanol, don't know what happened to that. I personally feel methanol can help India get pretty close to being energy independent, also it can be used in gas turbine power plants.. GE has turbines that can run on methanol to produce electricity but you need twice the methanol to run them since it's energy density is low.
I would like to know the economics of a methanol produced from biomass that is used to generate electricity through a combined cycle powerplant which inturn can be used to desalinate salt water for human and animal consumption, water crisis will be a nation breaker. The above sounds impractical noting the energy invested to the energy generated but what a site it would be to see it happen..
Nitiayog had looked at methanol, don't know what happened to that. I personally feel methanol can help India get pretty close to being energy independent, also it can be used in gas turbine power plants.. GE has turbines that can run on methanol to produce electricity but you need twice the methanol to run them since it's energy density is low.
I would like to know the economics of a methanol produced from biomass that is used to generate electricity through a combined cycle powerplant which inturn can be used to desalinate salt water for human and animal consumption, water crisis will be a nation breaker. The above sounds impractical noting the energy invested to the energy generated but what a site it would be to see it happen..
Anything. Because you suffer from Acute Rectal Logorrhea Syndrome.
18 minutes of googling and behold
Diesel and petrol margins slide in Singapore as China floods Asia with exports
Hain ji. E toh Kamal ho gaya.
The actual cost of fuel
'hundreds of billions of dollars'
India Imports Petrol, Diesel From China
Mr Pradhan said that in the first nine months of the current fiscal year, the UAE toppled Singapore to become the India's biggest supplier of petrol at 2,43,000 tonnes. Singapore supplied 1,69,000 tonnes of petrol.
The UEA was also the top supplier of diesel at 3,80,000 tonnes.
In the full fiscal year 2015-16, Singapore had supplied 6,41,000 tonnes of petrol while the UAE had sold 1,83,000 tonnes of petrol and 1,22,000 tonnes of diesel.
"In order to improve the domestic production of petrol and diesel, refineries are implementing refinery process improvement projects," he added.
India has capacity to refining crude oil and produce fuel in excess of its demand against an installed refining capacity of 230.1 million tonnes, while the total fuel demand in 2015-16 was 184.7 million tonnes. In April-January period of 2016-17, the fuel demand stood at 161.4 million tonnes as compared to refineries producing 202 million tonnes of fuel.
Interval
As can be seen, net value added by refiners is low enough to not make a very massive difference in import price as claimed by you and shouldn't drastically reduce re-export income. Let others sink their capital in refining operations. For us it's a stop gap as people here say - 2040 when we reach peak oil. What will the $44 billion refinery do after that? There is already massive over capacity for other petroleum products. Its better to invest money in future energy storage medium and sources now. They won't pop out of the sky come circa 2040. Otherwise we will yet again be stuck with imports.
Anything. Because you suffer from Acute Rectal Logorrhea Syndrome.
18 minutes of googling and behold
Diesel and petrol margins slide in Singapore as China floods Asia with exports
Hain ji. E toh Kamal ho gaya.
The actual cost of fuel
'hundreds of billions of dollars'
India Imports Petrol, Diesel From China
Mr Pradhan said that in the first nine months of the current fiscal year, the UAE toppled Singapore to become the India's biggest supplier of petrol at 2,43,000 tonnes. Singapore supplied 1,69,000 tonnes of petrol.
The UEA was also the top supplier of diesel at 3,80,000 tonnes.
In the full fiscal year 2015-16, Singapore had supplied 6,41,000 tonnes of petrol while the UAE had sold 1,83,000 tonnes of petrol and 1,22,000 tonnes of diesel.
"In order to improve the domestic production of petrol and diesel, refineries are implementing refinery process improvement projects," he added.
India has capacity to refining crude oil and produce fuel in excess of its demand against an installed refining capacity of 230.1 million tonnes, while the total fuel demand in 2015-16 was 184.7 million tonnes. In April-January period of 2016-17, the fuel demand stood at 161.4 million tonnes as compared to refineries producing 202 million tonnes of fuel.
Interval
As can be seen, net value added by refiners is low enough to not make a very massive difference in import price as claimed by you and shouldn't drastically reduce re-export income. Let others sink their capital in refining operations. For us it's a stop gap as people here say - 2040 when we reach peak oil. What will the $44 billion refinery do after that? There is already massive over capacity for other petroleum products. Its better to invest money in future energy storage medium and sources now. They won't pop out of the sky come circa 2040. Otherwise we will yet again be stuck with imports.
So you want to import crude oil and then import refined fuels too?
Someone give this guy a cookie.
What you want ain't gonna happen, so you can sing to the clouds all you want, it will rain when it wants to rain.
Taiwan to open trade office in India
Taiwan will next month open a trade office in New Delhi, part of its efforts to expand business ties with Asia's third largest economy amid China's insistence on One China policy, a senior Taiwanese trade official said on Tuesday.
India's bilateral trade with the island-nation is expanding steadily touching $6.3 billion in 2017, up a quarter on the previous year.
Since 2000, Taiwanese companies have invested just $287 million in India. But India expects this to go up once Taiwan's Foxconn, electronics manufacturer and a key supplier to Apple Inc, puts an earlier announced $5 billion investment into India.
Taiwan will next month open a trade office in New Delhi, part of its efforts to expand business ties with Asia's third largest economy amid China's insistence on One China policy, a senior Taiwanese trade official said on Tuesday.
India's bilateral trade with the island-nation is expanding steadily touching $6.3 billion in 2017, up a quarter on the previous year.
Since 2000, Taiwanese companies have invested just $287 million in India. But India expects this to go up once Taiwan's Foxconn, electronics manufacturer and a key supplier to Apple Inc, puts an earlier announced $5 billion investment into India.