Hydrogen is right choice as fuel for automobiles: Scientist

Agencies
October 9, 2017

Hyderabad, Oct 9: As India plans to give a robust push to promote use of electric vehicles, a top scientist says hydrogen-based system would be the right choice in the long run given its potential to become fuelof the next generation.

The Indian Space Research Organisation (ISRO) had come out with a demonstration vehicle using hydrogen itself as fuel, G Madhavan Nair, the former chairman of the space agency, said.

He was referring to a hydrogen-powered bus developed four years ago by Tata Motors and ISRO after several years of research.

"In the long run, I will say that hydrogen-based thing will be the right choice because hydrogen has to become the fuel of the next generation," Nair told PTI in an interview.

India is looking at having an all-electric car fleet by 2030 with an express objective of lowering the fuel import bill and the running cost of vehicles. The government is aggressively trying to push the sales and production of EVs in the country through schemes such as FAME India.

State-run Energy Efficiency Services Ltd (EESL) last month said it will procure 10,000 electric cars.

According to Piyush Goyal, who held power portfolio till recently, India aims to become 100 per cent e-vehicle nation by 2030.

Union transport minister Nitin Gadkari has earlier asked automobile manufacturers in the country to go for eco-friendly alternative fuels, else he would 'bulldoze' them.

"We should move towards alternative fuel... I am going to do this, whether you like it or not. And I am not going to ask you. I will bulldoze it. For pollution, for imports, my ideas are crystal clear. The government has a crystal-clear policy to reduce imports and curb pollution," Gadkari said. Nair said the hydrogen fuel cell that directly powers vehicles is "pretty expensive these days" and, so, one has to evolve a low-cost fuel cells technology, to make them viable.

"And how to generate hydrogen in an economical way and then how to make fuel cells...these are some of the technology challenges. We should mount a research and development programme in this regard," he said.

He is of the view that disposing of lithium-ion batteries (LiBs) after use in EVs is going to be "tough".

"Lithium, you cannot throw it around. That becomes the most polluting thing. There has to be an adequate mechanism for collection and reprocessing," Nair said.

LiB has a life of five to seven years, which can be stretched up to 10 years, according to him.

"Disposals (therafter)...when you have millions of (electric) cars like this (LiB-operated)...they should not get caught in the normal way and pollute the environment," Nair said.

The availability of lithium is scarce and that's why the cost of LiBs is high, he said.

"Secondly, handling (lithium) is difficult, you require moisture-free environment.

That's why I say for the long-run, one should look for (Hydrogen) fuel cell which is something like a battery-sized box but does this conversion of hydrogen into electricity. If you invest on that, I think we will have a much better opportunity," Nair said. According to industry officials, hydrogen fuel-cell powered vehicles are "non-polluting", and water vapour is the only emission.

In such vehicles, hydrogen is stored in compressed form, which combines with oxygen in the air to generate electricity, which is used to charge the fuel cells to power their motor, they noted.

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Agencies
July 19,2020

New Delhi, Jul 19: Indian equities will be driven by a host of factors like corporate earnings, coronavirus cases trend and geo-political developments this week, according to analysts.

Market participants will also keenly watch the progress of monsoon, with experts saying that the farm sector revival will play a key role in lifting the coronavirus-hit economy.

"With no major event, the ongoing earnings season and global cues will continue to dictate the market trend. Besides, the progress of monsoon will also be closely watched," Ajit Mishra, VP - Research, Religare Broking, said.

Globally, the rising coronavirus infections and geo-political tensions have created uncertainty on the economic recovery front.

With India's COVID-19 cases fast approaching the 11 lakh mark, the third-highest behind the US and Brazil, and the death toll nearing 27,000, participants are expected to tread cautiously going forward.

At global level, confirmed COVID-19 cases have crossed 1.4 crore and deaths totalled about 6 lakh.

Markets globally will closely follow developments on the trade and political level between the US and China, according to analysts.

"We would continue witnessing stock-specific action as the earnings season unfold. Though the near-term momentum looks positive, we would advise traders to be cautious, given flaring US-China trade relations, persistent rise in virus cases and implementation of fresh lockdowns in parts of the country," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

HDFC Bank will remain in focus on Monday after having announced its June quarter earnings on Saturday.

The lender reported 19.6 per cent rise in its standalone net profit at Rs 6,658.62 crore for April-June 2020; while its income rose to Rs 34,453.28 crore during the quarter.

Other major companies to announce their quarterly results this week are Axis Bank, Bajaj Finance, Hindustan Unilever Limited, Bajaj Auto and ITC.

"Going ahead market participants will closely track the development related to covid vaccine, the rising infection of coronavirus, development on economic activities, corporate earnings and US-China relationship," said Sumeet Bagadia, Executive Director, Choice Broking.

On weekly basis, the Sensex gathered 425.81 points or 1.16 per cent, and the Nifty gained 133.65 points or 1.24 per cent.

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Agencies
June 13,2020

The Brazilian government said that the Amazon rainforest witnessed deforestation of a record 829 sq km in May, the highest monthly level since 2015.

On Friday, the National Institute for Space Research (INPE) said that deforestation in the Amazon increased by 91 sq km compared to the same period last year, reports Xinhua news agency.

Between January and April, destruction of the forest by illegal loggers and ranchers rose 55 per cent, or a total of 1,202 sq km was wiped out, it said.

The Real-time Deforestation Detection system, a federal project created to monitor human activity in the Amazon, alerted authorities to the increase in the rate of destruction of the rainforest.

A recent study by the Amazon Environmental Research Institute (IPAM) warned that deforestation in 2020 could reach 11,900 sq km if the pace of May, June, and July follows the historical average.

Deforestation in the region has soared since President Jair Bolsonaro took office last year, according to conservation groups.

He has argued that more farming and mining in protected areas of the forest were the only way to lift the region out of poverty.

Bolsonaro's environmental policies have been widely condemned but he has rejected the criticism, saying Brazil remains an example for conservation.

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Agencies
February 26,2020

New Delhi, Feb 26: With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said.

According to highly placed sources, the Group has held internal rounds of deliberations on whether or not to submit an Expression of Interest (EoI) and the discussions are still in the preliminary stage.

If the company actually submits an EoI, it would be a major move towards further diversification of the company which has business interests across sectors right from edible oil, food to mining and minerals. 

It also entered into airport operations and maintenance business and won bids for privatisation of six airports, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru in 2019. 

On being contacted by IANS, the company did not comment on the matter.

Air India is one of the most important divestment proposals for the current fiscal to reach the huge Rs 2.1 lakh crore target.

The government in January restarted the divestment process of the airline and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Ltd. and 50 per cent in Air India SATS Airport Services Private Ltd.

After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake. In 2018, it had offered to sell its 76 per cent stake in the airline.

Of the total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286 crore.

Air India, along with its subsidiary Air India Express, has a total operational fleet of 146 aeroplanes.

Further, the disinvestment department has extended the last date for submission of written queries on the Performance Information Memorandum and Share Purchase Agreement to March 6.

The last date for submission of written queries on PIM and SPA was originally set for February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued 20 clarifications on the queries raised and expected.

Any delay in the tentatively rolled out timeline would also delay DIPAM's plan to identify the pre-qualified bidders by March 31 and the financial bids invitation as well. It is expected to take more than two months after the selection of the pre-qualified bidders to complete Air India's sale.

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