The US Trade and Development Agency has awarded a grant to state-owned Indian Oil Corp ( IOC ) to support their refinery modernisation efforts.
The programme will help IOC analyse options for optimising its refining operations to produce cleaner fuels from its by-product streams, which will help the company improve efficiencies and reduce emissions at its refineries to meet Indian environmental standards.
This project follows IOC’s participation in a USTDA reverse trade mission that brought Indian energy officials to the United States for meetings and site visits with US companies focused on refinery modernisation solutions.
IOC is India’s biggest oil refiner.