IndianOil looks set to become IndMax licensor
New Delhi   22-Jan-2016

Country's leading PSU refinery firm Indian Oil (IOC) is expecting that it could also become a licensor for its IndMax technology besides being an OMC.

"IOC has developed the IndMax technology by its own R&D team seven or eight years ago. The technology aims at maximising LPG production and is being used at the Paradip refinery", IOC Director (refineries) Sanjiv Singh told visiting reporters here.

He said that IOC had tied up with Lummus of the US as a technical collarator, adding that many companies in India and Asian countries were showing interest is using the technology.

"If that be the case, then IOC will be a licensor for providing the technology " he said. Singh said that LPG, which would be produced at the Paradip plant would be targeted to increase penetration in the eastern part of the country. He said LPG was in short supply in the eastern region.