In a bid to curb stubble burning that has been one of the reasons for dense smog in the country’s northern States, the Punjab government has decided to set up 400 processing plants before next year’s paddy season to convert paddy straw into bio-energy. “The plants will become operational before the next paddy season, thus preventing recurrence of the environmental hazard triggered by stubble burning,” an official spokesperson said in a statement.The MoU was signed on behalf of the Punjab government by R.K. Verma, CEO, Punjab Bureau of Investment Promotion, and K. Iyyapan, MD of NEWAY, a Chennai-based company. “Plants will be set up by NEWAY Engineers MSW Private Limited with a total investment of ₹10,000 crore over the next 10 months,” added the spokesperson.The spokesperson said the company would use its breakthrough and patented pollution-free zero residue technology to ensure that there was no residue at the end of the process, thus preventing any land filling. “The technology will provide a sustainable solution to the environmental problems caused by burning of paddy residue in the State.” Under the agreement, the company will set up 400 cluster units for the 20 million tonnes of paddy straw expected to be generated in the State in a season. Each unit will have the capacity to process 50,000 tonnes through the year, or 150-175 tonnes per day per unit.
MOST READ Pacquiao happy with conditioning 1 month before fight2.6K viewsSportsVentuno Web Player 4.51 Mayweather, 40, hasn’t fought since announcing his retirement in Sept. 2015 but the former pound-for-pound king has been rumored to fight MMA star Conor McGregor.Fernandez: Team Pacquiao likes a challenge4.3K viewsNewsVentuno Web Player 4.51 Like Shaun Livingston, JaVale McGee perfect fit on Warriors Roach: Pacquiao is the most skilled fighter in the world2.6K viewsSportsVentuno Web Player 4.51 “It’s still the most disappointing day of my life,” said Roach on Tuesday during the PSA Forum.READ: Pacquiao teases Mayweather rematchFEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSMalditas save PH from shutoutSPORTSPrivate companies step in to help SEA Games hostingPacquiao dropped a 116-112, 116-112, 118-110 decision to Mayweather, who retired unbeaten later that year going 49-0, and the Hall-of-Fame trainer feels the Filipino ring superstar wasn’t at his best during the fight.“I know Manny can do much better than he did on that fight,” he said. Pacquiao sparring partner predicts 7th round KO for Manny4.1K viewsSportsVentuno Web Player 4.51 Sports Related Videospowered by AdSparcRead Next Pagasa: Storm intensifies as it nears PAR BREAKING: Cop killed, 11 hurt in Misamis Oriental grenade blast LATEST STORIES Lacson: SEA Games fund put in foundation like ‘Napoles case’ Palace: Duterte to hear out security execs on alleged China control of NGCP Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Every 18 seconds someone is diagnosed with HIV View comments BREAKING: Cop killed, 11 hurt in Misamis Oriental grenade blast Cayetano dares Lacson, Drilon to take lie-detector test: Wala akong kinita sa SEA Games Trainer Freddie Roach(l)and Boxer Manny Pacquiao of the Philippines(R), talk during a news conference with Jessie Vargas, USA, at The Wynn Las Vegas, November 2, 2016.Pacquiao will challenge Vargas for the WBO Welterweight Championship Saturday, November 5, 2016 at the Thomas & Mack Center in Las Vegas. / AFP PHOTO / John GURZINSKIThe loss to Floyd Mayweather Jr. two years ago still lingers as far as Freddie Roach is concerned.Mayweather beat Manny Pacquiao by unanimous decision in a fight no matter how uneventful still stands as the richest in boxing history.ADVERTISEMENT READ: ‘Feeling young’ Pacquiao eager for MayweatherPacquiao did reveal he fought Mayweather with an injured right shoulder and immediately went under the knife to repair a torn rotator cuff.Roach likes to see a second installment between the two rivals but he admitted he’s uncertain if it will happen.“Would I love to see a rematch with Mayweather? Yes. But will it happen? I’m not sure,” Roach said.READ: Mayweather invite stirs speculation of second fightADVERTISEMENT Don’t miss out on the latest news and information. BSP survey: PH banks see bright horizon amid dark global recession clouds
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zoom Mumbai-based company Mercator Limited has decided to sell two of its Panamax bulk carriers for a total of USD 13.2 million, according to data provided by VesselsValue.The 2006-built bulkers, with around 82,400 dwt, were sold to an undisclosed Chinese shipowner for USD 6.6 million each.Sri Prem Varsha and Sri Prem Vidya, featuring a length of 229 meters and a width of 32.3 meters, were built by Japan’s shipbuilder Tsuneishi Zosen.With a capacity of 97,000 m3, the vessels’ market value stands at USD 9.2 million a piece, VesselsValue data shows.The 10-year-old bulkers were a part of Merkator Ltd’s fleet of 12 vessels, five of which were bulk carriers.In late September 2016, the company sold its 74,400 dwt Panamax bulker Garv Prem through an auction procedure. VesselsValue informed that the ship, which was laid up since March 2016, was sold for USD 4 million.World Maritime News Staff