The U.S. Trade and Development Agency and India’s largest commercial organisation Indianoil will jointly work to explore cleaner fuels. The U.S. Trade and Development Agency awarded a grant IndianOil to analyse options for optimizing its refining operations to produce cleaner fuels, which will help the company improve efficiencies and reduce emissions at its refineries, as well as meet environmental standards. An agreement was signed by Mr. Sanjiv Singh, Director [ Refineries ], IndianOil and Mr John M McCaslin, Minister Counsellor for Commercial Affairs, Embassy of the United States of America today in Delhi.
The feasibility study will include market, technical, economic and financial analysis of advanced technologies in order to help IOCL identify solutions for converting refinery by-products into cleaner chemical products and / or fuels. This project follows IOCL’s participation in a USTDA reverse trade mission that brought Indian energy officials to the United States for meetings and site visits focused on refinery modernization.
IndianOil being largest refiner of the country has also been focussing through Research & Development to add value in production of environment – friendly fuels.