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11 MoUs signed during PETROTECH 2016

11 MoUs signed during PETROTECH 2016
08 December 2016 Current Affairs: In the PETROTECH-2016, 11 Memorandum of Understanding (MoU) were signed among various companies. The PETROTECH meet was held in the month of December 2016.

Among these 11 MoUs, a consortium agreement was signed between IOCL, BPCL and HPCL to set up India’s biggest oil refinery cum petrochemical complex with around 60 MMTPA capacity along the western Coast of India in Maharashtra.

List of the MoUs































































MoU signed between MoU Title Purpose
IOCL, BPCL and HPCL Consortium Agreement  between Indian Oil Corporation as Lead Member and HPCL & BPCL in relation to pre-project activities for establishment of West Coast Refinery and Petrochemicals Project through creating a joint venture company amongst the Parties This intends to set up India’s biggest oil refinery cum petrochemical complex with around 60 MMTPA capacity along the western Coast of India in Maharashtra. The parties will enter into a Consortium Agreement with Indian Oil as Lead Member and HPCL & BPCL as other partners.
Oil India Limited and Technology Incubation Centre, IIT Guwahati MoU with IIT, Guwahati for supporting OIL’s start up initiative Under this MoU, Technology Incubation Centre (TIC) of IIT-G will serve as an incubator with respect to housing and mentoring start-ups as per Oil India Limited Start-Up Initiative.
ONGC and IIT Mumbai MoU with IIT, Mumbai for supporting ONGC’s Start-Up Initiative This MoU intends to prepare a Roadmap for ONGC’s Start Up Initiative which will work on problems related to the energy sector and for enhancing the operational capabilities of ONGC.
ONGC and Halliburton SoU between ONGC and Halliburton The purpose of this Summary of Understanding (SoU) is for Production Enhancement Contract in Kalol field in Gujarat.
ONGC and Schlumberger SoU between ONGC and Schlumberger The purpose of this SoU is for Production Enhancement Contract in Geleki field in Assam. The terms are primarily governed by suggested Hydrocarbon Vision 2030 for North East India.
IOCL and Praj Industries Ltd Binding MOU for development of Ligno-Cellulosic Ethanol Plants.

 
This is a Cost Sharing Agreement between IOCL and Praj Industries Ltd. IOCL is planning to set up a 2G biomass to ethanol plant at Dahej, Gujarat with a capacity of 100 KL/day.
IOCL and Praj Industries Ltd Binding MOU() for development of Ligno-Cellulosic Ethanol Plants. This is also a Cost sharing Agreement between IOCL and Praj Industries Ltd. Under this, IOCL is planning to set up a 2G Biomass to Ethanol plant at Panipat, Haryana of 100 KL per day capacity.
BPCL and Institute of Chemical Technology MoU for Technology Transfer for setting up of 2G Biomass Ethanol Bio-refinery at Bina, M.P. BPCL is setting-up 2G Biomass Ethanol Bio-refinery in Bina, MP with a capacity to process 400 tonnes/day of Biomass. The plant will provide an indirect employment to 1000 people and the plant is expected to be commissioned in December 2018.
BPCL and Praj Industries Ltd MoU for Technology Transfer for setting up of 2G Biomass Ethanol Bio-refinery at Bargarh, Odisha

 
BPCL is setting-up 2G Biomass Ethanol Bio-refinery in Bargarh, Odisha with a capacity to process 400 tonnes/day of Biomass. The plant is expected to be commissioned in December 2018.
HPCL and Department of Investment Promotion, Govt. of Punjab MoU for setting up 2ndGeneration Ethanol Bio-refinery A 100 KL per day capacity Second Generation Ethanol plant is proposed to be set up by HPCL in Bhatinda, Punjab. The plant will help in abatement of environmental concerns due to burning of Biomass in state.
HPCL and Institute of Chemical Technology MoU with Technology provider for 2nd Generation Ethanol Bio-refinery This purpose of this MoU is to explore technology tie-up for the proposed  Second Generation Ethanol plant at Bhatinda.

 



 


March 2017 Current affairs
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