State-run oil marketer Hindsutan Petroleum Corp Ltd (HPCL) has selected Honeywell’s technologies for the expansion and modernisation of its refinery at Visakhapatnam in Andhra Pradesh, according to the American software-industrial company.
Honeywell said in a statement here that the project includes licensing, basic engineering design and other associated services for a Penex isomerisation unit, which helps make “cleaner burning high-octane gasoline, and a Unicracking hydrocracking unit to produce cleaner burning diesel fuel”.
“Together, the two processes will significantly enhance HPCL’s ability to supply gasoline and diesel that meets the Indian government’s new Bharat Stage-VI clean fuels standard, and meets growing demand for those fuels. They also improve gross refining margins by converting low value feed stocks to high-value transportation fuels,” the statement said.
According to the company, India’s gross domestic product, currently growing at 7 to 8 per cent, is driving robust growth in demand for gasoline as automobile sales increase, and of diesel fuel, driven by growth in commercial and agricultural production. Read more
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