Paradip, Dec 4: Indian Oil Corporation Limited commissioned its 4.17 MMTPA “INDMAX” unit at Paradip Refinery on 3rd December’ 15, thereby reaching a major milestone towards achieving full operational status. Mr. Ramjee Ram – Executive Director (In-charge) and Mr. Gouri Shankar Singh – Executive Director (T) were present on the proud occasion of ‘feed-in’ of the INDMAX unit and congratulated IOCL team, Consultants, Contractors and Equipment Vendors for their commendable contribution in realizing the dream of commissioning a major process unit based on Indigenous technology.
With the safe commissioning of “INDMAX” – a process unit based on a totally new technology, developed in-house, IOCL has demonstrated its capabilities in the field of technological innovation and in the field of operational expertise. IOCL is commercially offering the technology License for this technology to clients in association with M/s Lummus Technology Inc, USA (a CB&I Company).
INDMAX is a novel technology developed by Indian Oil Corporation Ltd (IOCL) for production of high yield of LPG, light olefins and high octane gasoline from various petroleum fractions. With successful commissioning of this unit, IOCL has entered the league of World Class Process Licensors, capable of providing technological know-how to the prospective refiners.
Till date, there are very few Indian companies, capable of developing and offering such high-level process technologies in the field of Petroleum Refining on commercial basis. Commissioning of the 4.17 MMTPA INDMAX Unit at Paradip Refinery marks a major landmark for Indian Petroleum Industry.
The biggest challenge for Refiners is to upgrade the residual petroleum hydrocarbon streams into high yields of light olefins such as ethylene, propylene, butylenes, LPG and high-octane gasoline for sustained improvements in Refinery profit margin. INDMAX – the innovative process technology of IOCL is the answer to increased profitability for Refiners.