Coal gasification industry seeks assured buyers, cheaper financing to unlock investments
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- ✓India’s coal gasification industry seeks cheaper financing and assured buyers to boost investments.
- ✓At the Gasification India 2026 conference on October 22, Amrit Lal Meena said, "Coal gasification projects need long-term financing with repayment moratoria, credit guarantees and predictable disbursal of government incentives." The government targets gasifying 100 million tonnes annually.
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
India's coal gasification industry has called for easier access to long-term financing, assured buyers and faster project clearances to make investments commercially viable, as the government steps up efforts to gasify 100 million tonnes of coal annually by 2030. Coal gasification converts coal into synthesis gas, or syngas, which can be processed into products such as methanol, ammonia, fertilisers and synthetic natural gas. The government is promoting the technology to increase the value derived from domestic coal and reduce import dependence.
Amrit Lal Meena, chairman of the Gasification Technologies & Research Council of India (GTRC-India) and former coal secretary, said investors needed greater certainty on financing, feedstock availability and sales of products manufactured through coal gasification.
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