Oil Ministry laid out the foundation stone of Octomax unit at Mathura

Posted on:08 Mar 2016 09:10:45

Oil Ministry laid out the foundation stone of Octomax unit at Mathura
08 March 2016 Current Affairs GK: Mathura, March 6 (PTI) Union minister Dharmendra Pradhan laid the foundation stone of country’s first-of-its-kind Octomax unit at the Mathura refinery that will help in the production of high-octane gasoline.Octomax, a "novel technology" developed in-house by Research and Development Centre of Indian Oil, involves conversion of cracked C4 streams to high-octane gasoline blending stock for production of Euro-IV/V equivalent gasoline.The refinery will setup a plant of 55 KTA capacity at an estimated cost of Rs 43 cr and is expected to be completed by October 2017."The unit at Mathura refinery will be the first-of-its- kind in India addressing the emerging scenario in petroleum refining," an official statement said.The unit on Octomax technology has been conceptualised and designed based on indigenous efforts.Mathura refinery will play major role in meeting governments target of introducing BS-VI standards in petrol and diesel by 2020.The plan is to further increase the capacity of Mathura Refinery to 11.0 MMT/yr at a cost of Rs 5,000 crore but it depends on Uttar Pradesh government facilitating the refinery by withdrawing five per cent entry tax.

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