The US Trade and Development Agency (USTDA) and India’s largest commercial organization Indian Oil will jointly work to explore cleaner fuels.
USTDA awarded a grant to Indian Oil to analyze 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 recently signed by Mr. Sanjiv Singh, Director (Refineries), Indian Oil and Mr John M McCaslin, Minister Counsellor for Commercial Affairs, Embassy of the United States of America in Delhi.
The feasibility study will include market, technical, economic and financial analysis of advanced technologies in order to help Indian Oil identify solutions for converting refinery by-products into cleaner chemical products and / or fuels. This project follows Indian Oil’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.