Oil companies have invested nearly $14 billion to upgrade facilities and help implement Bharat Stage IV (BS-IV) , according to Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan.
Indian refineries with a production capacity of 230 million tonne had a daunting task ahead to meet the increasing requirements in the next 3-4 years. Efforts are under way to add 70 million tonnes through greenfield and 124 million tonne through brownfield refineries, the Minister said while inaugurating the three-day, 21st refinery technology meet here on Thursday. The meeting is being organised jointly by the Centre for High Technology and HPCL. Pradhan said, India will reduce automobile pollution drastically by producing Bharat Stage-VI compliant fuel skipping BS-V by 2020. Read more