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Indian Oil eyes processing bio-naphtha for petrochemicals -chairman

May 19, 2023 at 05:43 am

NEW DELHI (Reuters) - Indian Oil Corp., the country's top refiner, said on Friday it is looking to decarbonise its petrochemical feedstocks by introducing bio-naphtha at its crackers.

Indian Oil eyes processing bio-naphtha for petrochemicals -chairman

"To attain sustainability, bio-based feedstocks such as bio-naphtha and bio-ethanol are being envisaged as the natural transition for the petrochemical industry," the company's Chairman Shrikant Madhav Vaidya said at Asia Petrochemical Industry Conference, without providing a timeline.

Bio-naphtha is typically obtained from hydro-treatment of used vegetable and cooking oils.

"It is under research and development at our Faridabad facility in northern India... we have kept the used cooking oil pathway open but we're trying to get it via bio-ethanol," the company's executive director of petrochemicals, A. S. Sahney, told Reuters on the sidelines of the event.

(Reporting by Mohi Narayan; Editing by Emelia Sithole-Matarise)

By Mohi Narayan

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
TOPIX INDEX	2,747 PTS	+0.54%	-0.31%	-
INDIAN OIL CORPORATION LIMITED	170.4 INR	+0.83%	+3.75%	28.08B
BRENT CRUDE OIL SPOT	82.56 USD	+0.54%	+3.89%	-
WTI	78.12 USD	0.00%	+3.88%	-
AC (AC) - CBR (FLOOR)/C1	1.09 USD	+0.83%	+7.50%	-

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