USA/India: Oil & Gas Industry Indian Oil and USTDA Sign Agreement to Promote Cleaner Fuels
The US Trade and Development Agency and India’s largest commercial organisation Indian Oil will jointly work to explore cleaner fuels.
New Delhi/India – The US Trade and Development Agency awarded a grant to Indian Oil 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 Director (Refineries), Indian Oil, Sanjiv Singh and Minister Counsellor for Commercial Affairs, Embassy of the United States of America in Delhi, John M McCaslin.
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. Indian Oil being the largest refiner of the country has also been focussing through Research & Development to add value in production of environment – friendly fuels.