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State-owned <keyword id="20039950" type="General" weightage="20" keywordseo="Bharat-Petroleum-Corporation" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharat Petroleum Corporation" meta.hostid="153" meta.entityid="Bharat Petroleum Corporation">Bharat Petroleum Corporation</keyword> plans to invest Rs 1.7 lakh crore over the next five years to grow its core oil refining and fuel marketing business as well as in 'future big bets' of <keyword id="20115883" type="General" weightage="20" keywordseo="petrochemicals" source="keywords">petrochemicals</keyword> and <keyword id="19895435" type="General" weightage="20" keywordseo="green-energy" source="keywords">green energy</keyword>, its chairman G Krishnakumar has said. At present, Bharat Petroleum Corporation Ltd (<keyword id="19908646" type="General" weightage="100" keywordseo="BPCL" source="keywords" meta.keywordsubtype="org" meta.entityname="BPCL" meta.hostid="153" meta.entityid="BPCL">BPCL</keyword>) owns about 14 per cent of India's oil <keyword id="20064251" type="General" weightage="20" keywordseo="refining-capacity" source="keywords">refining capacity</keyword> and about a quarter of the fuel retailing network. It plans to grow these businesses while foraying into newer areas. <br /><br />The firm is now implementing the first phase of a multi-decade aspirational journey in the form of '<keyword id="22826627" type="General" weightage="20" keywordseo="project-Aspire" source="keywords">Project Aspire</keyword>' - its five-year strategic framework that is based on two fundamental pillars - 'Nurturing the Core' and 'Investing in Future Big Bets', he said in the company's latest annual report. <br /><br />"Our mid-term strategy is on a continuum. While we remain committed to growing our core businesses, which include refining and marketing <keyword id="20037698" type="General" weightage="20" keywordseo="petroleum-products" source="keywords">petroleum products</keyword> and upstream, we are equally focused on our big bets comprising petrochemicals, gas, green energy, non-fuel retail, and digital. <br /><br />"Project Aspire, with a planned capex outlay of around Rs 1.70 lakh crore over five years, will enable us to create long-term value for our stakeholders while preserving our planet for future generations," he said. <br /><br />"A cornerstone of our long-term strategy, Project Aspire, with a Rs 1.70 trillion investment, marks the initial phase of our multi-decade odyssey to shape the energy of tomorrow. This, coupled with our robust balance sheet, fuels our ambition to lead the <keyword id="19951336" type="General" weightage="20" keywordseo="energy-transition" source="keywords">energy transition</keyword>." <br /><br />The company is targeting net zero carbon emissions from its operations by 2040. <br /><br />"BPCL has drawn a net-zero roadmap, which encompasses renewable power, green hydrogen, compressed biogas, carbon capture, utilisation, and storage (CCUS), efficiency improvement and the offsets procurements. This would require a phased capital outlay of approximately Rs 1 lakh crore till 2040, and the company is geared for the same," he said. <br /><br />The firm's bet on continuing investing in core businesses is based on the premise that India's booming economy will drive a 4-5 per cent annual increase in energy demand and petroleum product consumption. Also, the demand for major petrochemical products is expected to rise by 7-8 per cent annually. <br /><br />"This presents a strategic opportunity to expand refining capacity alongside the development of integrated petrochemical complexes," he said. <br /><br />BPCL is implementing new petrochemical projects at two of its three oil refineries. A Rs 49,000 crore ethylene cracker project is being implemented at the Bina refinery in Madhya Pradesh, alongside raising oil refining capacity from the current 7.8 million tonnes to 11 million tonnes annually by 2029. A polypropylene project is being set up at Kochi refinery in Kerala by 2027. <br /><br />"To meet the anticipated demand beyond our planned expansions in Bina and Kochi, we are actively evaluating options for setting up additional integrated refining and petrochemical capacities within the next 5-7 years," Krishnakumar said without disclosing either the investments or the location of such a project. <br /><br />Andhra Pradesh is being speculated as the likely site after Prime Minister Narendra Modi's BJP and regional party TDP stormed to power in the state in recently concluded assembly elections. TDP has been demanding the implementation of a refinery-cum-petrochemical complex that was promised as part of the package when the state was split more than a decade back. <br /><br />"Our investment in the petrochemical project is consistent with our aspiration of becoming a dominant player in India's petrochemical growth story," Krishnakumar said. <br /><br />On energy transition, he said BPCL is targeting to build 2 gigawatts (GW) of <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> capacity by 2025 and 10 GW by 2035. <br /><br />"We are investing nearly Rs 1,000 crore to establish two 50 MW captive wind power plants in Maharashtra and Madhya Pradesh, which will support our refineries in Mumbai and Bina." <br /><br />The firm is also investing around Rs 300 crore in 72 MWp of solar project in Prayagraj, Uttar Pradesh. <br /><br />"Concomitantly, we are executing green hydrogen projects aligned with the National Green Hydrogen Mission. These projects include a 5 MW electrolyser plant at Bina refinery and a green hydrogen refuelling station with an indigenously developed electrolyser at Kochi," he noted. <br /><br />BPCL, he said, is committed to supporting the transition to electric mobility through a robust and accessible charging infrastructure. <br /><br />The company has installed over 3,000 charging stations, including fast chargers for cars and two-wheelers. 900 fast chargers are installed across 120 highway corridors, which helps address the range, discovery and time anxiety of electric vehicle (EV) owners. <br /><br />"Over the next five years, we aim to install 4-wheeler fast chargers at approximately 6,000 retail outlets across 400 highway corridors, prioritising high-traffic corridors like the Golden Quadrilateral and N-S/E-W highways," he said. <br /><br />On biofuels, he said BPCL sells petrol with 20 per cent ethanol blend at 4,279 out of its over 22,000 petrol pumps. <br /><br />It is also building compressed biogas plants using municipal solid waste to make gas that can be used as CNG in automobiles. <br /><br />The firm is also exploring partnerships in the arena. <br /><br />"These combined efforts, along with the upcoming commissioning of a bio-ethanol refinery, positions BPCL as a key player in India's transition to a greener fuel mix, creating a robust ecosystem for the adoption of cleaner fuels across the country," he added. <br /><br />BPCL is establishing a corporate venture capital fund to invest directly in promising startups. <br /><br />"In order to thrive in this complex and challenging business landscape, we will leverage our agility and focus on operational excellence to ensure continued success. Safety and reliability will remain our top priorities, guiding all our actions. We are committed to upholding the highest standards of corporate governance," he added. <br /><br />He said the energy sector of India stands at an inflection point. <br /><br />"The nation has an ambitious vision of becoming a USD 30 trillion developed economy by 2047. 'Viksit Bharat @2047' will necessitate an almost fourfold increase in primary energy demand." <br /><br />India's exponential growth trajectory will propel it to a pivotal role in the global energy market, accounting for roughly 12 per cent of world energy consumption by 2047. <br /><br />"The key strategic objectives for India in the energy sector will entail significant expansion in refining capacities, raising the share of gas in the energy basket from about 6 per cent to 15 per cent, establishing leadership in petrochemical exports, and sharply reducing energy imports from current levels of 47 per cent to below 25 per cent by 2030 and to zero by 2047," he said. <br /><br />India is targeting 500 GW of non-fossil fuel energy capacity, sourcing half of its energy needs from renewables, reducing carbon emissions by 1 billion tonnes and lowering carbon intensity by 45 per cent by 2030 with the ultimate goal of net-zero emissions by 2070. <br /><br />"Building on its strong Indian energy presence, BPCL aspires to meet 7-10 per cent of the nation's primary energy demand by 2047," he said.

BPCL planning Rs 1.7 lakh crore spend to expand core business, new energy foray over next five years

Mumbai, Jan 23 () Engineering firm Tata Projects on Thursday said it has bagged four contracts worth Rs 6,000 crore in the oil and gas refinery sector in Odisha and Rajasthan.
<p> Of the four orders, three are from state-owned HPCL Rajasthan Refinery Ltd (HRRL) and one from Bharat Petroleum Corporation Ltd (BPCL), the company said in a statement.
</p><p> BPCL's order is for its 2G bio-ethanol project in Bargarh, Odisha, with a proposed production capacity of 100 kilolitres per day of second-generation ethanol.
</p><p> The other three orders pertain to HRRL's upcoming greenfield refinery-cum-petrochemical complex in Rajasthan.
</p><p> The scope of these contracts includes work for crude and vacuum distillation unit (CDU-VDU), delayed coker unit with unsaturated LPG treating unit and vacuum gas oil hydrotreating unit and refinery.
</p><p> "As a leading engineering and technology company, we have a specialised division that executes construction of environmentally beneficial and challenging projects. Hence, we seek to undertake projects that improve the lives of communities and support national developmental objectives at the same time," Tata Projects Managing Director Vinayak Deshpande said.
</p><p> Tata Projects provides end-to-end solutions to set up power generation plants, power transmission and distribution systems, fully integrated rail and metro systems, commercial buildings and airports, chemical process plants, water and waste water management solutions, complete mining and metal purification systems.
</p> "Energy is an area wherein every country needs to focus since it directly affects the economic growth and welfare of citizens. As a company, we are certain that these projects will further strengthen India's energy security while providing an impetus to national development," Tata Projects Chief Operating Officer (Industrial Systems) Satyanarayana K said.  PSK  HRS

Tata Projects bags Rs 6,000-crore orders in oil, gas refinery sector

<p>The World Bank just published its <em><a href="http://blogs.worldbank.org/prospects/node/1342">Commodity Market Outlook</a></em>.</p>
<p>"Most commodity prices are expected to ease marginally in 2013," they write. "[C]rude oil will average US$102/bbl in 2013, just 3 percent lower than in 2012. Agricultural commodity prices are also forecast to decline: <keyword id="6181" type="COMPANY" weightage="60" keywordseo="Food">food</keyword> by 3.2 percent, beverages by 4.7 percent, and raw materials by 2.2 percent. Metal prices are expected to rise slightly but still average 14 percent lower than in 2011. Fertilizer prices are set to decline 2.9 percent, while precious metal prices will increase almost 2 percent."</p>
<p>Among other things, the report also examines what has driven food inflation, which has been on a tear in the last decade.</p>
<p>According to their econometric models, rising oil prices were the biggest driver followed by the stocks-to-use ratio, which is a measure of the supply-demand balance.</p>
<p>Other significant factors include protectionist trading policies, financial institutions adding commodities to their portfolios, weather, and diversion to biofuels (e.g. ethanol).</p>
<p>The World Bank's warning: most of the conditions that have driven food inflation are still in place.</p>
<p>Here's a complete breakdown.  Note the far right column, which indicates whether the factor has been a headwind or tailwind to prices.</p>
<p></p>

The 'Perfect Storm' Of Conditions That Has Worldwide Food Prices Surging, Itemized

<p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div><ul><li><strong>There's a lot to know when it comes to buying, ordering, and drinking gin.</strong></li><li><strong>Business Insider visited Bombay Sapphire's Laverstoke Mill distillery to get some answers.</strong></li><li><strong>We spoke to Senior Brand Ambassador Sam Carter, who has 22 years of experience in the drinks industry.</strong></li><li><strong>Here are all the mistakes people make when it comes to gin - and what to do instead.</strong></li></ul><p><br>Whether you've been a fan for years or have only recently picked up on the craze, there's no denying that gin has taken the drinks world by storm.</br></p><p>However, from knowing what to buy to ordering the right thing at the bar, there's a lot to know about the juniper-based spirit.</p><p>To get some answers, Business Insider visited Bombay Sapphire's Senior Ambassador Sam Carter at the brand's <a href="http://distillery.bombaysapphire.com/" target="_blank" rel="noopener">Laverstoke Mill distillery</a> just outside of London, where all of the Bombay Sapphire in the world is made.</p><p>With 22 years of experience in the drinks industry, Carter has been a wine sommelier, a restaurant manager, and a bar manager in locations all over the world. But since 2009 he has been ambassador for Bombay Sapphire.</p><p>Working out of the distillery's Empire Room, he teaches bartenders, distributors, and press everything they need to know about gin, and trains other ambassadors around the world.</p><p>"My job is really to drink gin and talk about gin," he told Business Insider.</p><p>With all of that experience, he also knows what not to do when it comes to the spirit.</p><p>Here are the mistakes people make when buying, ordering, and drinking gin, according to Carter.</p><h2>1. Drinking from the wrong glass - or using a straw</h2><p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div><p>To make the most of a gin and tonic, you should be serving your drink in a balloon glass, according to Carter - and you shouldn't use a straw.</p><p>"In the UK, they're not the easiest thing to store in bars - under the shelves, they're quite big - so you can also use a burgundy red wine glass," he added.</p><p>Both glasses work because they channel the aroma towards the nose.</p><p>"90 to 95% of taste comes from what we smell," Carter said. "So much flavour comes from the aroma. That's why these glasses work so well - your nose is right in there."</p><p>He added that the company has banned straws from its drinks - mostly because of sustainability, but also because when you use a straw, your nose is so far away from the top of the glass you can't smell it.</p><h2>2. Adding lemon or lime slices to a G&amp;T</h2><p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div><p>When you go to a bar and ask for a gin and tonic, they'll usually put a slice of lemon or lime in your drink - but more often than not, they've been sat around in water for some time, according to Carter.</p><p>"They're left for like a day and have gone brown on the edges and it just adds a real fusty, mustiness to it," he said. "What is that even adding?</p><p>"Just because we did it 10, 20, 30 years ago and our parents did it, doesn't mean we have to do it."</p><p>He said Bombay don't use lime or lemon in their gin. Instead, the drinks come with a fresh mint sprig and a ginger slice. "These two flavours pull on two of the botanicals in the gin," he said.</p><p>Last season, the company even used watercress in their gin and tonic.</p><p>"It's all about using local - it's what chefs have been doing for years and years, [so] there's no reason why we can't do it in the drinks industry."</p><h2>3. Assuming London Dry Gin comes from London</h2><p>"A big misconception is people think London Dry Gin is made in London - why would you not think that?" Carter said.</p><p>However, he explained that it's more of a style of gin - and the vast majority of London Dry Gins are made outside of London.</p><p>"A lot of it is on the label," he said. "It doesn't legally have to be made in London, it can literally be made anywhere in the world.</p><p>"The key point of difference is you're not allowed to add artificial flavourings or essences before, during, or after distillation.</p><p>"Distillation has to be clear, colourless... [it has to] start with the highest quality alcohol at 96% ABV and above, you're only allowed 5mg of methanol per hectalitre, and you're only allowed to add up to 0.1g of sugar per litre of alcohol (although you don't have to)."</p><h2>4. Avoiding a gin just because it's cheap</h2><p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div><p>"I'd never say there's anything wrong with [supermarket gin], because you had to start with at least 96% ABV ethanol alcohol," Carter said. "That's food-grade, it's safe. They may have added artificial flavourings and essences afterwards, but they're not harmful."</p><p>He added that supermarket own-brand gins are what is called "cold-compounded gin," made in a stainless steel tank using alcohol with added natural or artifical flavourings and essences. It's stirred, infused for a few days, then water is added before it's bottled.</p><p>"It's very easy to make a lot of it," he said, adding that if a litre bottle is £14 at the store, £12.30 of that is tax.</p><p>"If that's your everyday gin and tonic kind of gin, I'm not going to say anything bad about that. There's not going to be a huge amount of complexity to the flavour, [which is why you] pay more money to go up the spectrum a bit."</p><h2>5. Not being specific with your order at a bar</h2><p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div><p>Carter says people should treat ordering a gin and tonic like they would a martini. "If you like drinking martinis, you'll order it with this gin, with this vermouth, stirred 29.5 times or whatever, with 2.5 olives - people are very specific. I think you'll see a lot more of that coming through [with gin]."</p><h2>6. Thinking too much ice will dilute your drink</h2><p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div><p>"The mistake I see a lot, all day, every day, is that people don't put enough ice in their gin and tonic," Carter said. "There's a massive misconception that people don't want too much dilution, so they put one or two ice cubes in there, and they melt really quickly."</p><p>However, he said it's actually the opposite if you want your drink to stay cold, because if there's more ice in the glass, it melts more slowly.</p><p>"The more ice the better," he said.</p><h2>7. Not buying good tonic...</h2><p>Many people who think they don't like gin have only tried it in a gin and tonic, according to Carter - and it's the tonic that they don't like.</p><p>"Tonic is bitter - that's enough to but a lot of people off," he said, adding: "They think it's the gin. When they try gin as a cocktail, they say they didn't realise they liked gin."</p><p>Carter uses Fever Tree tonic - because it's local, "very good quality," and uses natural flavours - but says he favours a number of other brands as well, including Schweppes Cucumber Tonic.</p><p>If all else fails, you can try gin with ginger ale, which has no bitterness and is set to be the next trend, according to Carter.</p><h2>8. ...or buying litre bottles</h2><p>Another big tip on tonic from Carter? "The temptation is to go for a litre bottle for value for money," he said. "If you're serving a crowd, totally go for a litre bottle, but if it's just you and a partner drinking one gin and tonic per night, by the third night it's going to be flat.</p><p>"You're better off biting the bullet and going for smaller, more expensive cans," he said, adding that you'll be able to keep your tonic fresh by online opening one per day.</p><h2>9. Getting the balance wrong</h2><p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div><p>When you're making a cocktail - whether it's with gin or another spirit, you should keep an old bartender's rhyme, in mind, according to Carter: sour, sweet, strong, weak.</p><p>"One part sweet, two parts sour, three parts alcohol, four parts lengthener or effervescent," he said. "Generally you'll create a perfectly balanced cocktail, with twice as much sourness as sweetness - something like a Tom Collins, a long refreshing drink."</p><p>He added: "Cocktails shouldn't be that overpowering with the alcohol, they should be perfectly balanced."</p><div>    </div>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/wall-street-bull-explains-trade-war-trade-war-fears-overblown-2018-4">Wall Street's biggest bull explains why trade war fears are way overblown</a></h3>        <div>                    </div>    </div></hr>

The 9 mistakes people making when buying, ordering, and drinking gin - and what to do instead

<p></p><div class="KonaFilter image-container float_right"><div class="image on-image"></div><p></p></div>An aide to Wisconsin Gov. Scott Walker's (R) likely presidential campaign&#xa0;<a href="http://hosted.ap.org/dynamic/stories/U/US_GOP_2016_WALKER_IOWA?SITE=AP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT&amp;CTIME=2015-03-18-00-02-57">resigned late Tuesday</a>&#xa0;night just a day after her hire was announced.&#xa0;<p>Liz Mair, who was a digital strategist for Walker, came under a storm of criticism for her advocacy for some relatively liberal policy positions and colorful tweets that critics claimed were insulting to Iowans.&#xa0;</p><p>"In other news, I see Iowa is once again embarrassing itself, and the GOP, this morning. Thanks, guys," Mair wrote about a January event hosted by conservative Rep. Steve King (R-Iowa), <a href="http://hosted.ap.org/dynamic/stories/U/US_GOP_2016_WALKER_IOWA?SITE=AP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT&amp;CTIME=2015-03-18-00-02-57">according to the Associated Press</a>. "The sooner we remove Iowa's front-running status, the better off American <keyword id="6358883" type="PERSON" weightage="100" keywordseo="Politics">politics</keyword> and policy will be."</p><p>Some conservatives were not pleased with her hire. The chairman of the Iowa Republican Party, Jeff Kaufmann, called on Walker to dismiss Mair and the right-leaning site Breitbart News <a href="http://www.breitbart.com/big-government/2015/03/16/honeymoon-over-scott-walker-under-fire-for-new-open-borders-amnesty-advocate-staffer-who-mocks-iowa/">ran a sharply critical story</a> about her support for immigration "amnesty."</p><p>"Walker made another massive misstep on Monday, hiring Liz Mair," the Breitbart story read. "Mair's support for amnesty for illegal aliens ... is sure to dog Walker in Iowa, South Carolina, and other early presidential states."&#xa0;</p><p>After she left Walker's campaign, Mair fired off about 40 tweets that clarified her positions on issues like ethanol subsidies and reiterated her criticism of King. She insisted she is actually a big fan of Iowa but has questions about its status as the first state to weigh in on the presidential process. Mair also praised Iowa Gov.&#xa0;Terry Branstad (R) and Sen. Joni Ernst (R-Iowa) using still more colorful language.&#xa0;</p><p>"I don't know everything about Branstad's record, but my general impression is that he's stayed true to himself and his beliefs while running.&#xa0;That takes some balls. And yes, this means I've just been tweeting about Terry Branstad's balls. There, something new to be offended about!" she wrote. "I also think given the lack of prevalence of mustaches among candidates and elected officials, Branstad deserves some credit for keeping his."</p><p>Reached for comment, a strategist for Walker's Our American Rival PAC told Business Insider that campaigns must have "absolute respect" for the voters.&#xa0;</p><p>"We accept those who have a variety of viewpoints on issues but what we ultimately must have is absolute respect for people across the country," the strategist, Rick Wiley, said in a statement. "Our American Revival is an organization formed to promote bold reforms across the country and we're going to continue advocating for those ideals."</p><p>View Mair's full tweetstorm below:</p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"></p><div><div></div></div><p class="embed-spacer"><em>Updated (12:00 p.m.): With a statement from Walker's PAC.</em></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/drunk-driving-checkpoint-regulation-hack-2015-2">A lawyer in Florida has come up with an ingenious way for drivers to evade drunken-driving checkpoints</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="EwZXE5czqobpJLXsPUCBDsxSm8XxaRw0" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

You Searched For "2G ethanol" and got 7 results

BPCL planning Rs 1.7 lakh crore spend to expand core business, new energy foray over next five years

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