Air Products established a long-term supply arrangement with Indian Oil Corporation Limited (IOCL), India’s premier state-owned oil corporation.
Air Products will construct, own, and operate (BOO) a new industrial gases complex that will provide hydrogen, nitrogen, and steam to the IOCL Barauni Refinery in Bihar, India.
The new industrial gas complex will enable IOCL’s expansion from six to nine million tonnes per year of Euro-VI or BS-VI compliant gasoline and diesel production at its Barauni facility. The industrial gas complex will contain a multi-feed hydrogen production facility of the most recent generation generating 70,000 normal cubic meters per hour (Nm3/hr) of hydrogen as well as steam, and a high-efficiency air separation unit producing 4,000 Nm3/hr of nitrogen.
Air Products anticipates the launch of the new industrial gas complex for IOCL in 2024.
Air Products’ chief operating officer Dr. Samir J. Serhan said, “We are honored to work with IOCL, the largest petroleum refining company and largest Public Sector Undertaking in India. As one of the fastest growing economies in the world, our latest strategic investment in India will provide an efficient combination of industrial gas production technologies, enabling IOCL to meet ever-increasing transportation fuel demand. We look forward to reliably supplying IOCL’s industrial gas needs for decades to come.”
Juan Gonzalez, vice president, Large Project Business Development, Air Products Middle East, Egypt, Turkey and India, said, “We are proud to work with IOCL as they look to significantly expand their operations at Barauni. We look forward to bringing our global expertise, experience and world-class engineering capabilities to this project.”
