General Economic Updates

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Sindh gov's doing a superb Job with Thar coal
 
The Saudis are visiting Pakistan and Pakistan is in need for investment.

I pray to Allah, they don’t sell out the Reko-Diq copper and gold mine to them.

Many central banks are diversifying and acquiring gold over US Dollars. If Pakistan only held on to the mine and deposited the gold from it and the Baluchistan provincial share; reimbursing them in rupees, and kept the physical gold in the central bank, it would help stabilize the rupee quicker, and indirectly lead to more FDI in the long run.

Now is not the time to be penny wise and golden dollar foolish.
 
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Sindh gov's doing a superb Job with Thar coal

Coal gasification requires huge amounts of water. Good water management is necessary to allow an excess supply of water to be available to make gas.

Also, Pakistan would be better off building the coal fire plants near the mines and extending the electric grid to them. Then have as much run by electricity rather than making gas from the coal and transporting it.

Coal based gas is better than importing if we can make it economically and environmentally feasible.
 
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Sindh gov's doing a superb Job with Thar coal

This is potentially game changer for Pakistan, coal conversion in gas is basically green energy with variety of surplus chemical products needed for industries.
@Indos can share some details how Indonesia manage this kind of projects.
 
This is potentially game changer for Pakistan, coal conversion in gas is basically green energy with variety of surplus chemical products needed for industries.
@Indos can share some details how Indonesia manage this kind of projects.

KPC Finds Chinese Partner to Continue Coal Downstream Project​


By Editorial Team 05/06/2023



conveyor belt for processing coal


Summary


PT Bumi Resources Tbk (BUMI) subsidiary PT Kaltim Prima Coal (KPC) has secured an investment deal with a Chinese company to continue its coal downstream project in Bengalon, East Kalimantan.

This agreement fills the void left by the withdrawal of US-based Air Products and Chemicals Inc earlier in 2023.

Bumi Resources President Director Adika Nuraga Bakrie said that the new partnership with KPC would focus on producing ammonia instead of the initially planned methanol. The company aims to commence construction on the coal downstream project in 2024.

“The capital expenditure is currently under calculation, and the project capacity is reduced,” Adika said on Wednesday

 
This is potentially game changer for Pakistan, coal conversion in gas is basically green energy with variety of surplus chemical products needed for industries.
@Indos can share some details how Indonesia manage this kind of projects.
Chinese is the viable option for this coal downstreaming project as partner. US company previously made the MOU has backed down.
 

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