Govt Quota Allocation Procedure for import of Calcined Pet Coke initiated

Govt Quota Allocation Procedure for import of Calcined Pet Coke initiated

Govt Quota Allocation Procedure for import of Calcined Pet Coke initiated

When?

    • On April 20, 2020

What?

    • Govt laid down procedure to allocate quota

For what?

    • To import calcined pet coke in the financial year 2020-21.

Notable points

    • Govt permitted imports of certain quantity of pet coke in order to use it as fuel in anode making. Earlier import of pet coke was banned
    • Import of petcoke was allowed only in lime kiln, cement, gasification and calcium carbide industries.
    • Now the Directorate General of Foreign Trade has invited applications for import of pet coke.
    • Pet Coke is mainly used in aluminium industry as raw material.

Pet Coke imports

    • India is the largest consumer of pet coke in the world. India imports over 27 million tonnes of pet coke from US alone. Pet coke emits over 11% more green house gases than coal.

What is Pet Coke?

    • Petroleum Coke is called Pet Coke
    • It is rich in carbon and is derived during oil refining
    • It has more than 80% of carbon.

Source: Economic Times

Leave a Reply

Your email address will not be published. Required fields are marked *