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Reliance Industries to transfer Jamnagar asset to subsidiary

Thursday, 25 Nov 2021
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Reliance Industries (RIL) will transfer its Jamnagar syngas project to a subsidiary it owns fully, referring to a mixture of gases used for energy production.

The transfer will help unlock the value of syngas and help the company’s transition to renewables as its primary source of energy.

Syngas is a combination of hydrogen, carbon monoxide and some carbon dioxide that is typically manufactured by gasifying a solid hydrocarbon fuel.

Syngas ensures reliability in fuel supply and helps reduce volatility in the energy costs. The mixture is used to produce hydrogen in the Jamnagar refinery.
 
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