Indian Oil Corporation Limited (IOCL) has signed a long-term supply agreement with Air Products in which the latter will build, own, and operate a new industrial gas complex in Bihar that will supply hydrogen, nitrogen, and steam to IOCL’s Barauni refinery. The new industrial gas complex for IOCL is expected to be operational in 2024.
Reportedly, the new industrial gas complex will help IOCL expand its capacity at its Barauni complex from six million tonnes per year to nine million tonnes per year, producing Euro-VI or BS-VI compliant gasoline and diesel. The industrial gas complex will contain a multi-feed hydrogen production facility capable of producing 70,000 Nm3 per hour of hydrogen and steam, as well as a high-efficiency air separation unit producing 4,000 Nm3 per hour of nitrogen.
Air Products is a leading supplier of liquefied natural gas process technology and equipment globally. The company develops, engineers, builds, owns and operates industrial gas projects. These include gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals; carbon capture projects; and low- and zero-carbon hydrogen projects supporting global transportation and the energy transition.