Air Products awarded long-term contract with Indian Oil Corp.

Air Products has announced the signing of a long-term supply agreement with Indian Oil Corporation Limited (IOCL), India’s flagship national oil company.  

Air Products will build, own and operate a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India. 

The new industrial gas complex will aid IOCL’s capacity expansion from six to nine million tons per year producing Euro-VI or BS-VI compliant gasoline and diesel at its Barauni complex.  

The industrial gas complex will include the latest generation multi-feed hydrogen production facility supplying 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 expects the new industrial gas complex for IOCL to come onstream in 2024. 

“We are honored to work with IOCL, the largest petroleum refining company and largest Public Sector Undertaking in India.  Air Products’ COO Samir J. Serhan 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. We look forward to reliably supplying IOCL’s industrial gas needs for decades to come.” 

Once completed, the Barauni project will be Air Products’ second Build Own Operate project in India, after the Kochi Industrial Gas complex at BPCL’s Kochi Refinery.