ONGC to earn Rs 77 lakh in carbon credits

Oil and Natural Gas Corporation will earn Rs 77 lakh annually as it's flare gas recovery project at Hazira in Gujarat has received United Nations' approval for earning carbon credits.

The project entails installation of a tail gas recovery system that recycles all tail gases (sourced from control valves, pressure safety valves, fuel gas purge points, seal purge gas released from compressors and expanders and vessels) — which were hitherto led to the flare system — to put them back into the system to recover the The Asia-Pacific region made up slightly more than 15 per cent of the company's revenues of $315.5 million (Rs 1,260 crore) for the first quarter of 2008.

Growth in India is primarily driven by the rising demand for consumer electronics as the purchasing power of middle class continues to increase.

Start-ups, government programmes, new fabs, solar applications and electro-mechanical solutions will all contribute to Synopsys' global revenues from India. valuable hydrocarbons and thereby reduce the flaring to zero.

The expected annual accruable Certified Emission Reduction is 8,793 for a period of 10 years.

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