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Print[Ferro-Alloys.com]The Guardian reported that Adani’s Coal to PVC toxic project i an attempt to find a second life for thermal coal at a time when the world was moving away from fossil fuels. Adani Enterprises, which owns the Carmichael coalmine, said in submissions to Indian authorities the plant will use 3.1 million tonnes of coal a year at the plant to make PVC. The plant would use a highly complex process to produce two million tonnes of polyvinyl chloride a year.
Bravus said “India will be a foundation customer for the Carmichael project and is the fourth-largest global user of electricity as well as the source of the biggest growth in global energy demand. We have already secured the market for the 10 million tonne per annum of coal produced at the Carmichael mine. The coal will be sold at index pricing and we will not be engaging in transfer pricing practice, which means that all of our taxes and royalties will be paid here in Australia.”
In a follow-up statement Bravus said “Carmichael coal, like any other traditional thermal coal, is not suitable for use in plastics. It is suitable for use in energy and electricity generation and has always been intended for that use. The planning document for the proposed PVC business refers to sourcing suitable thermal, coking, or petcoke from Australia, Russia and other countries. The PVC facility will require a blend of coals of different specifications which are outside the Carmichael mine production plan.”
Adani, which has rebranded in Australia to Bravus Mining and Resources, has begun construction on its Carmichael thermal coalmine in Queensland’s Galilee basin. The divisive mine has been one of the most controversial resources projects in Australian history.
source：SteelGuru Business News
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