Is polluting furnace oil taking the sheen off natural gas?
CGD Companies lose 20% of industrial market in 2 years to cheaper FO The City Gas Distribution (CGD) Companies in India have been hard hit as industrial users have opted for the cheaper but more polluting Furnace Oil (FO). The CGD Companies have lost about 20 percent of the industrial segment business over the past two years to FO.Sales of seven (7) leading companies declined from 458 MMSCM in 2013-14 to 362.38 MMSCM, a decline of 20 percent. Apart from the loss to the companies, increased FO usage means increased pollution and damage to environment
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