IndianOil and USTDA sign an agreement to promote cleaner fuels in India
The US Trade and Development Agency (USTDA) and India’s largest commercial organization IndianOil will jointly work to explore cleaner fuels. The USTDA awarded IndianOil a grant to analyze options for optimizing its refining operations to produce cleaner fuels, which will help the company improve efficiency and reduce emissions at its refineries, as well as meet environmental standards. An agreement was signed by Mr. Sanjiv Singh, Director of Refineries, IndianOil and Mr. John McCaslin, Minister Counsellor for Commercial Affairs, US Embassy today in Delhi.
The feasibility study will include market, technical, economic and financial analysis of advanced technologies to help IndianOil identify solutions for converting refinery by-products into cleaner chemical products or fuels. This project follows IndianOil’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.
IndianOil has also been focusing on research and development to add value in production of environment- friendly fuels.
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