INDIA - SECOND TO NONE IN THE FIELD
OF TECHNOLOGY: RAM NAIK
INDIAN
OIL ENTERS THE SELECT CLUB OF GLOBAL PROVIDERS OF HYDROCARBON
TECHNOLOGY
Shri Ram Naik, Minister
of Petroleum & Natural Gas, has said that technology and its
utilisation has assumed a new meaning and great significance in
recent times ever since the Indian Petroleum industry implemented
a series of process modifications. The Oil PSUs have already invested
Rs. 10,000 crore in their refineries to produce the upgraded quality
fuels. A further Rs. 30,000 crore are to be spent to bring fuels
to Euro-III standards by the year 2010 as per Dr. Mashelkar Committee
Report. Shri Naik said this while he was formally launching the
IndianOil Technologies Limited, a subsidiary of Indian Oil Corporation
Limited (IOCL) at a function held here today.
Lauding the pioneering
works done by the Indian Oil R&D Centre, Shri Naik called
for developing indigenous marker system to check the scourge of
adulteration of fuels. Oil industry is relying on Abloy locks
imported from Europe and markers from Australia and US to curb
adulteration of fuels. He emphasised the importance of research
in this area as fuel adulteration is almost unknown in Europe,
USA and other developed countries. Shri Naik pointed out that
administrative actions like strengthening law or setting up of
Anti Adulteration Cell can be successful only upto a point and
the technology has to take over from there.
Smt. Sumitra Mahajan,
Minister of State for Petroleum & Natural Gas, emphasised
the need of developing new technologies and continuous R&D
efforts to excel. She called for developing an environment where
India is positioned to provide technological consultancy services
to other countries in different sectors of industries including
manufacturing. The launch of a specialised subsidiary by IOC today
heralded an important chapter for Indian Oil to market technologies
developed indigenously.
Speaking on the occasion,
Petroleum Secretary Shri B.K. Chaturvedi, said that the Government
is encouraging and exploring the possibilities of extracting petrol
and diesel from coal. He said that the Petroleum Ministry is ready
to fund innovative activities in the field of hydrocarbon. Dr.
R.A. Mashelkar, Chairman CSIR in his key address summed up that
India has large potential of IT knowledge and he termed "IT" as
Indian Talent. Though India is a land of ideas it lacks in opportunities
as compared to US, he felt. He hoped that the newly launched IndianOil
Technologies Limited will grow5-10 years and it will not be IndianOil
Technologies Limited any more but will be IndianOil Technologies
Unlimited.
Having an initial
capital support of Rs. 2 crore, the IndianOil Technologies Limited
has a vision of evolving into a leader in technology provider
through excellence in management of knowledge, technology and
innovation. With this, Indian Oil enters the select club of global
providers of Hydrocarbon technology and process formulations developed
by the Indian Oil R&D Centre located at Faridabad (Haryana).
It aims to add value to Indian Oil’s intellectual property through
Consultancy, Licensing and providing specialized services by commercially
exploiting indigenous cutting-edge technologies. To begin with
some of the technologies offered by the new Subsidiary include
INDMAX (a Technology for Residue Upgradation & LPG/Light Olefins
Maximization), OiliVorous-S (Technology for Disposal of Oily Sludge
for Bio-remediation), Material Engineering Services, SERVO-DS
(Novel Stabilizer for Distillate Fuels), INNOVA-LI (Diesel Fuel
Lubricity Improver), etc. The proven technologies of Indian Oil’s
R&D Centre will be offered to the refineries of India as well
as to the petroleum companies of the Middle East, South East Asia
and African markets.
Set up in 1972, the
Indian Oil R&D Centre has acquired the ISO-9000 and ISO-14000
Certification and is the only one of its kind in Asia. It has
developed over 2,000 formulations since its inception, which include
450 grades of lubricants and greases. The Centre has accumulated
111 patents including 28 from the United States alone.
