India would reduce automobile pollution drastically by producing Bharat Stage VI-compliant fuel and skipping BS V by 2020, Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan said here on Thursday.
Inaugurating the three-day 21st refinery technology meet being attended by top representatives from the oil companies and organised jointly by the Centre for High Technology and HPCL, he said that the oil companies had already invested $14 billion in upgrading facilities for BS IV.
“BS VI compliance involves huge investment. Hence, our focus is on achieving the vision for New India finalised by Prime Minister Narendra Modi. We have to produce quality and affordable fuel and diversify into petrochemicals,” he said after handing over the Jawaharlal Nehru awards to the oil companies in recognition of their performance during 2015-16.
Mr. Pradhan said that the Indian refineries, with a production capacity of 230 million tonne, had a huge task ahead because of increasing requirement in the next three to four years.
Already, efforts were under way to add 70 million tonne in Greenfield and 124 million tonne in Brownfield refineries.
By 2040, the requirement would be three to four-fold more, he said and advised the delegates to discuss and find out solutions on pipeline network and consumer-friendly market. Read More…