Places in News Current Affairs - 2019

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Australia’s Vivid Sydney enters Guinness World Records for Maximum Number of light installations

The World’s largest festival of light, music and ideas, Vivid Sydney has entered into Guinness World Book of Records. The Guinness World Record have given the Vivid Sydney installation Dreamscape the title for the ‘Largest interactive lighting display’.

Vivid Sydney installation Dreamscape has been made up of 124,128 lights and links the entire Circular Quay precinct beginning from the Sydney Opera House to the Sydney Harbour Bridge into one cohesive canvas of light. Moreover, 3D interactive modelling present in the control room in Circular Quay allows the participants to change the color, texture and pattern of the lighting across the cityscape.With this record, the Vivid Sydney has trumped its own 2016 predecessor, Dress circle that Circular Quay. This year the Vivid Sydney had added an additional one km of lights to achieve the record.

With this record, the Vivid Sydney has trumped its own 2016 predecessor, Dress Circle which also illuminated the Circular Quay. This year the Vivid Sydney had added an additional one km of lights to achieve this record.

Vivid Sydney

Vivid Sydney is an annual outdoor lighting festival held in Sydney city of Australia. The festival includes immersive light installations and projections as well as performances from local and international musicians. The festival takes place over a period of three weeks in the winter months of May and June. The highlight of the festival are the light sculptures and multimedia interactive works that will transform various buildings and landmarks around the Sydney Central Business District such as Opera House, Harbour Bridge into a cohesive canvas of light.

 

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IOC, BPCL, HPCL Sign Agreement to set World’s Largest Refinery

The Public Sector Oil Marketing Companies, Indian Oil, Bharat Petroleum and Hindustan Petroleum has have signed the joint venture agreement to jointly set up the world’s largest refinery and petrochemical complex in Ratnagiri district of Maharashtra.

Salient Highlights

Indian Oil Corp (IOC) will hold 50% stake and the Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) will each hold a stake of 25% each in the new complex.

The refinery is expected to be set up at an estimated cost of Rs 3 lakh crore. The new complex is expected to be completed by 2022.

The new complex will have a 60 million tonnes refining capacity. The complex would come up at Babulwadi, Rajapur in Ratnagiri district of Maharashtra located very close to the West coast. Being on the West coast will be helpful in easily sourcing the crude oil from the Middle-East, Africa and South America.

The refinery complex will have three crude units of 20 million tonnes each. The refinery will produce petrol, diesel, LPG, ATF and feedstock for making petrochemical.

The refinery complex will have an accompanying mega petrochemical plant which will include an aromatic complex, naphtha cracker and polymer complex.

Background

Although India is world’s third largest energy consumer after US and China, the per capita energy consumption in the country is one-fourth of the world average. However, according to the International Energy Agency (EA) the domestic oil demand in the country will increase to 458 million tonnes by 2040. Against this, the domestic refining capacity remains 230-235 million tonnes, which exceeds the demand of 194.2 million tonnes in 2016-17 fiscal. The new refinery complex is being set up keeping in mind the future fuel demand and the export potential of the country.
At present, IOC has 11 refineries with a total capacity of 81.2 million tonnes. BPCL has 4 refineries with a total capacity of 33.4 million tonnes. HPCL has 3 refineries with a total capacity of 24.8 million tonnes.

Month: Categories: Governance & Politics

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