MONEY MAKERS

 
Published: Saturday 04 July 2015

-- ECO-FRIENDLY INCINERATOR: To combat the growing pollution in Chennai, an eco-friendly incinerator for combustion of non-compostable garbage has been commissioned at the Akash Colony in Anna Nagar West as part of its Zero Garbage Plant project. Anaerobic composting is already being carried out in the colony with kitchen waste. The metal incinerator has a furnace suitably insulated inside and connected to an eight-foot long chimney for releasing the fumes into the atmosphere. It also has a provision for LPG connection. The entire equipment, costing around Rs 20,000, has been donated to the colony by Indaid Engineers.

NEW PRODUCTS: The Honda Motor Company is all set to launch an entire range of new power products in India. Earlier, Honda Siel used to market its product under the brand name of Shriram Honda Power Equipment Limited. The new product range to be launched in the country is in the field of portable generators, general purpose engines, water pump sets, motors for fishing boats and agri appliances like tillers and reapers. Apart from these, the Honda will also launch portable water pumpsets in the range of 1.5 to 3 horsepower.

WATER CONDITIONING DEAL: The environmental service group and the French utility company, Suez Lyonnaise des Eaux, acquired the US-based water conditioning company, Calgon. The move comes after an announcement that a consortium led by Suez had been awarded the US $957 million partial privatisation of the water utility serving the population of Santiago, the Chilean capital. "This gives us direct entry in the US market, in keeping with our expansion goals in the country," said Gerard Mestrallet, the Suez chief executive.

MID-SIZE CAR: Hyundai Motor Co will launch its new mid-size car, code-named LC in Seoul, South Korea. The car will be called 'Accent' in the international market. According to the head of the company's international business division, N M Kim, the car will be launched in India around the first week of October. 'Accent' which will be available in three-door, four-door and five-door version, will be provided with high safety standards such as side-impact bars and a stronger and more rigid body.

LIQUID FUELS: In a major tie-up, US-based oil group Chevron and South African petrochemicals and synthetic fuel producer Sasol, have agreed to form a global alliance to implement projects for turning gas into liquid fuels. They plan to establish a US $one billion plant in Nigeria to convert natural gas into 30,000 barrels of synthetic crude oil, which will then be further processed into diesel, naptha and other liquids for exports. The companies expect to get a boost in their reputation as they will now produce relatively clean liquid fuels.

POWER PROJECT: Mitsubishi Co and the Indian Oil Corporation (IOC) have signed a Rs 1,900-crore power plant in Gujarat. The two companies entered a memorandum of understanding for jointly promoting the 500-megawatt project. It is based on the vacuum residue fuel of IOC Gujarat refinery. According to an IOC spokesperson, the project incorporates appropriate technology that would enable it to conform to the highest standard in environmental protection. The two companies will hold a 26 per cent stake each in the project while the rest of the shares will be offered to public sector undertakings and financial institutions.

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