Dharmendra Pradhan, the Union Minister for Petroleum and Natural Gases laid the foundation stone of Country’s 1st its of kind Octomax unit at Mathura refinery. It will help in the production of high octane gasoline.
Octomax, a “novel technology” developed in-house by Research and Development Center of Indian Oil, involves conversion of cracked C4 streams to high-octane gasoline blending stock for production of Euro-IV/V equivalent gasoline.
The cost of this project will be around 43 crore and is expected to be completed by October 2017. The capacity of the refinery plant will be of 55 KTA but it will increase later. The unit on Octomax technology has been conceptualized and designed based on indigenous efforts.
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. Mr. Pradhan said he would personally meet Uttar Pradesh Chief Minister Akhilesh Yadav on this issue.
Mr. Pradhan said this is in keeping with Prime Minister Narendra Modi’s ‘Make In India’ mission. According to Mr. Pradhan “Mathura refinery will play major role in meeting government’s target of introducing BS-VI standardizing petrol and diesel by 2020.”
So lets discuss some questions related to this article which can be asked in the upcoming exams :
1. Name the place where oil minister laid foundation stone of Octomax unit ?
2. Who is the minister for Petroleum and Natural Gases ?
3. For which year government is targeting of introducing BS- VI standardizing petrol and diesel by 2020 ?
Courtesy : Business Standard