CASE Group is taking the lead in India's push for energy sufficiency and is poised to bring about a paradigm shift in the nation's balance of payments.
CASE Group is at the forefront of India's endeavors to attain energy self-sufficiency, aiming to catalyze a substantial shift in the nation's balance of payments. Despite a population exceeding 1.5 billion, India's per capita energy consumption stands at a mere 631 kg of oil equivalent. In contrast, China boasts a per capita energy consumption of over 2224 kg, while the USA's figure surpasses 6800 kg.
At present, India boasts the world's 5th largest economy,
with a GDP reaching approximately 3.5 trillion dollars. Yet, aspiring to ascend
to the position of the 3rd largest economy entails substantial energy demands
for the nation. This poses a conundrum. Should India persist in its heavy
dependence on crude oil as the primary energy source, the consequence would be
a further deterioration of its balance of payments and a depreciation of the
Indian Rupee against the US Dollar. This not only amplifies the cost of India's
imports but also sustains reliance on other nations for crude oil imports.
To tackle this challenge, Roger Kumar has proactively
pinpointed a solution. He advocates for the adoption of coal gasification
technology to mitigate India's reliance on crude oil imports by generating
hydrogen, methanol, and various chemicals such as ammonia and ammonium nitrate.
This has the potential to revolutionize India's energy landscape. The nation
possesses vast coal reserves exceeding 300 billion metric tons, ready to be
tapped. Leveraging the technology at the disposal of CASE Group, India can
utilize coal gasification to produce hydrogen and a range of chemicals,
including diesel and DME.
Presently, the production of green hydrogen, integral for
sustainable energy, is cost-intensive through electrolysis. However, opting for
the coal gasification route will render hydrogen more cost-effective, enabling
its widespread use as a primary fuel in industries and vehicles. This shift has
the potential to make India entirely self-sufficient in energy. Moreover, the
process allows for the capture of all CO2 emissions, which can be utilized in
the production of methanol, dry ice, and various other chemicals. Implementing
Carbon Capture, Utilization, and Storage (CCUS) can enable India to
realistically attain its goal of carbon neutrality by 2070, as outlined by the
Honourable Prime Minister. By achieving energy independence and carbon
neutrality, India can position itself as a global leader.
Currently, conventional thermal power projects in India
generate electricity through direct coal combustion. However, this outdated
method presents challenges in effectively managing emissions such as SPM
(suspended particulate matter), SOx (sulphur oxides), and NOx (nitrogen
oxides). To address these environmental concerns, these power plants can
undergo a transformation to adopt Gasification technology. Gasifiers can employ
cleaner processes to convert coal into syngas or hydrogen, subsequently
powering gas turbines for electricity generation. Termed as integrated
gasification combined cycle (IGCC), this innovative approach ensures enhanced
environmental performance, increased efficiency, and the capability to capture
greenhouse gases.
Furthermore, India has set a target to gasify 100 million
metric tons of coal by 2030, as outlined by the Honourable Prime Minister. This
ambitious objective can be readily accomplished through the gasification route.
Moreover, India can leverage its coal reserves not only for power generation
but also for the production of chemicals and synthetic natural gas (SNG). These
commodities can be exported to other nations at competitive prices, fostering a
positive impact on India's balance of payments and enhancing its geopolitical
influence. This strategic move would make India's interests a compelling force
on the global stage, difficult for other countries to overlook.
Moreover, CASE Group is contemplating the application of
this technology to establish plants in African nations. These countries possess
abundant coal resources but face challenges in terms of technology and
finances. By introducing gasification technology, these African plants can not
only manufacture chemicals but also integrate Carbon Capture, Utilization, and
Storage (CCUS) solutions. This makes them eligible for CCUS funding from the
USA and Europe. Additionally, India's Import Export Bank actively supports
these initiatives by providing financial aid to foreign projects aligned with
India's objectives. This creates opportunities for implementing Build Own and
Operate (BOO) projects in other countries, allowing India to earn foreign
currency regularly.
Roger Kumar, the founder and Managing Director of CASE
Group, founded the company in January 1993. He holds a degree in mechanical
engineering from NIT Kurukshetra and has played a pivotal role in the success
of various segments within CASE Group. His contributions extend to coal
gasification, Scale-Ban (a non-chemical water treatment equipment), water
cooling towers, air pollution control equipment, and turnkey steel projects.
Roger Kumar is also certified as an Independent Director
(ID) by the Indian Institution of Corporate Affairs (IICA) under the aegis of
the Ministry of Corporate Affairs, Government of India.
CASE
Group remarkable journey and achievements are now featured in Forbes Magazine We're thrilled to share this recognition and milestone with our
incredible community.
Discover how CASE Group is spearheading energy self-sufficiency and leading the way in [Coal Gasification technology].
Read the full article in Forbes Magazine