Air Products signs supply agreement with Indian oil company

Allentown-based Air Products recently signed a long-term supply agreement with Indian Oil Corporation Limited (IOCL), India’s national oil company, to build, own, and operate an industrial gas complex supplying hydrogen, nitrogen, and steam to IOCL’s Barauni Refinery in Bihar, India.

“We are honored to work with IOCL, the largest petroleum refining company and largest public sector undertaking in India,” Dr. Samir J. Serhan, Air Products COO, said. “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.”

The industrial gas complex will include a multifeed hydrogen production facility supplying 70,000 normal cubic meters per hour of hydrogen and steam and a high-efficiency air separation unit. It will increase IOCL’s production capacity for Euro-VI or BS-VI compliant gasoline and diesel from six to nine million tons annually.

The industrial gas complex will become operational in 2024, Air Products estimates. This will be the company’s second project in India. It also owns and operates the Kochi Industrial Gas complex at BPCL’s Kochi Refinery.

Air Products is an industrial gas company serving energy, environment, and emerging markets in more than 50 countries.