Indian Oil, U.S. Trade Agency To Jointly Explore Cleaner Fuels
By IANS
NEW DELHI: State-run oil marketer, Indian Oil Corporation (IOC), and the U.S. Trade and Development Agency (USTDA), have signed an agreement to jointly explore cleaner fuels, said IOC on September 26.
"The USTDA awarded a grant to the Indian Oil Corporationso that they analyze options for optimizing its refining operations to produce cleaner fuels," India's largest refiner said in a release at New Delhi.
Indian Oil and USTDA will analyze options for optimizing its refining options to produce cleaner fuels, which will help the company improve efficiencies and reduce emissions at its refineries, as well as meet environmental standards, IOC said.
"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 fuels," it said.
"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," the statement added.
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