India’s largest fuel retailer IndianOil, has signed an MoU with the National Petroleum Authority (NPA) of Ghana to provide assistance and technical expertise in the implementation of Ghana’s National LPG Promotion Policy.
India has emerged as a world leader in the provision of clean energy to its people through the expanding network of LPG. India will help Ghana to promote to safe, clean, and environmentally friendly LPG for increased domestic, commercial and industrial usage.
As per agreed terms IndianOil would extend support to the NPA of Ghana in several areas such as development of Health, Safety, Security and Environment (HSSE) Standards, development of economics for LPG bottling plant, development of Licensing, permit and legal framework, pricing structure, and communication strategy.
As per MoU, IndianOil will also support in areas of infrastructure development for the new LPG Value chain, help for upgrading capacities of institutions along with policy development and review. Support will be extended to NPA for successful implementation of the Re-circulation Model (CRM) of LPG.
The major investments and expansions news by IndianOil are featured below.
- January 2020: Indian Oil Corporation (IOC), plans to expand its India’s Gujarat refinery to 18 million tonne per annum (mmtpa) from 13.7 mmtpa currently. The expansion will include the facelift of existing hydrogen generation unit for production of syngas and hydrogen, a new n-butanol processing unit, and a revamp of liner alkyl benzamine (LAB) unit.
- January 2020: IndianOil announced an agreement with Cummins Technologies for bulk dispensing of IndianOil’s Diesel Exhaust Fluid (DEF) in their advanced engines with SCR ( Selective Catalytic Reduction) systems. As per agreement the technical knowledge of Cummins combined with the bulk dispensing expertise of IndianOil shall help offer a world-class product to the customers across the country. India will shift to BS-VI auto fuel emission norms from April 2020. The automobile companies are effecting several technical changes in diesel vehicles such as provision for fitting diesel particulate filter and selective catalytic reduction (SCR).
- September 2019: IndianOil inaugurated its Biomethanation Plant at Faridabad, Haryana in India. The new plant will convert organic waste to energy with the help of two-stage Biomethanation Technology. The Biomethanation is an environment friendly process for conversion of organic waste such as food & vegetable waste, organic fraction of municipal solid waste, and crop residue to energy.
- September 2019: Indian Oil announced plans to set-up the second R&D centre in Faridabad, Haryana. The new R&D centre will hire more than 400 scientists, and the completion of the second campus would take the strength to 1,000 scientists. The new centre will research alternative & renewable energy, petrochemicals, industrial bio-technology, nanotechnology, refining technology, applied metallurgy, pipeline research, catalytic interventions for clean energy processes and carbon nanotube & batteries.
About Indian Oil Corporation Limited:
Indian Oil Corporation (IOC) is a leading integrated energy company headquartered in New Delhi, India. It is India’s largest fuel retailer and oil refining company owned by Indian government. The company has workforce of more than 33000 people across the country. IOC is involved in oil refining, distribution & marketing infrastructure and advanced R&D facilities. IndianOil has a presence in almost all the streams of crude oil & gas, petrochemicals, gas marketing, alternative energy sources and globalization of downstream operations. IOC has subsidiaries in Sweden, Sri Lanka, Mauritius, the UAE, Singapore, USA, and The Netherlands.