Sesa Goa licences technology to US-based company
By Our Corporate Bureau | 18 Nov 2005
The Rs1,423.8-crore Sesa Goa Ltd has licensed its patented non-recovery coke making technology to the Delaware (US)-based XTnrgy LLC. Under the terms of the agreement, XT has an exclusive, non-transferable license to use Sesa's Indian patented technology for setting up non-recovery coke oven plants within North America, Central America, South America and the United Kingdom.
The technology ensures that the volatile organic compounds produced in the coke making process are fully combusted within the coke ovens, energy is recovered in the form of steam and the emissions are fully compliant with advanced global emission standards.
XT propose to adapt this technology for use in the US market to set up coke plants compliant with US EPA regulations along with co-generation power plants.
The Mitsui-owned Sesa Group is India's largest private sector exporter of iron ore. It also operates a 280,000-tonne metallurgical coke plant and a 220,000-tonne pig iron plant with mining operations in Goa, Karnataka and Orissa.