Page 46 - Plastics News April 2020

Indian Oil refineries records major BPCL in talks with MNC's for commercial tie-
achievements in fiscal 2019-20 ups for its novel technology

ndian Oil refineries notched
PCL is in talks with
Iup an excellent performance
Bleading international
a c r o s s m a j o r p h y s i c a l
parameters during 2019-20. players in the crude
This includes the processing of assaying industry like
69.4 Million Metric Tonnes of Aspen, the largest in the
c r u d e , a m i d s t m e g a
segment, Honeywell, and
constructions within operating
E m e r s o n .
refineries & major shutdowns & revamps of units. Mr.
Shrikant Madhav Vaidya, Director (Refineries), Indian R. Ramachandran, Director (Refineries), at BPCL said
Oil, said “It was a herculean task, and I congratulate “Bharat Petroleum Corp Ltd has developed a novel
Team Refineries for playing a pivotal role in this historic technology to test the quality of crude oil at a fraction
achievement.”Mr. Vaidya elaborated of the innovative
of the cost and time that it takes now through the
energy solutions offered by Indian Oil to key
lengthy lab tests. The technology, which has a number
stakeholders like supply of winter grade diesel for
people residing in high altitude areas like Leh; world- of patents including those from the US and the EU, is a
class NATO grade diesel to the Indian Navy; supply of 'crude horoscope predictor tool' called BP Marrk,
IMO, the low sulphur marine fuel for the shipping which can optimize varied properties from the crude.”
industry, supplied much before the January 1, 2020
Also he told PTI, "The traditional way of assaying takes
deadline given by the International Maritime
30-45 days for a complete testing and the cost
Organsiation, thus becoming the first Indian company
averages at Rs. 25 lakh. But the BP Marrk takes around
to do so. During the last fiscal, Mr. Vaidya added that
Indian Oil inked agreements with ONGC &Oil India Ltd. 30 minutes for a four-stage test. We can offer it at a
for Carbon Capture & Utilisation (CCU) for Enhanced fraction of the present cost but we haven't decided on
Oil Recovery (EOR). This will help increase domestic oil
the pricing part yet." Moreover the Government has
production while reducing India's greenhouse gas
extended the deadline for submission of expression of
emission intensity, as a commitment towards
interest (EoI) for privatization of Bharat Petroleum
sustainable business practice. FY 2019-20 has been a
landmark year for Indian Oil, which became the first Oil Corp. Ltd (BPCL) by more than a month to 13 June
PSU to accomplish BS-VI auto fuel quality compliance amid lockdowns in many countries including India due
from its nine refineries to fuel 27500 filling stations of to the covid-19 outbreak and slump in global crude oil
IOC across the country. Aimed at bringing down
prices. Interested bidders can now submit preliminary
vehicular emissions & playing our part in breathing a
information memorandum (PIM) by 16 May instead of 4
cleaner air, the feat was achieved a fortnight before
the mandated date of April 1, 2020. Director April earlier and EoIs by 13 June instead of 2 May
(Refineries) of India's largest refiner also expressed his notified earlier. “The above changes are in view of the
deep appreciation for the Indian Oil teams working on requests received from the Interested Bidders (IBs)
the frontline, round-the-clock, for ensuring
and the prevailing situation arising out of COVID-19.
uninterrupted supply of crucial petroleum products
DIPAM said in a notification.
across the country, despite the lockdown.

APRIL 2020 43 Plastics News