Honeywell arm, IOC team up
New Delhi   04-Apr-2010

UOP LLC, a wholly owned subsidiary of Honeywell International Inc. has entered into a memorandum of understanding with Indian Oil Corporation Ltd (IOC) to work together on bio fuels projects in India. According to a statement issued by UOP, "The two companies will collaborate on research and development for a range of bio fuel technologies and projects in India." They would evaluate installation of a demonstration-scale unit to produce green transportation fuels at an existing Indian Oil site using non-food feedstocks available within the country. The two companies would also examine the viability of pyrolysis oil technology to covert lignocellulosic materials, or plant biomass, into renewable power and heat. IOC would also focus on research and development for the production of algal oil for use as a feedstock in the green fuels production.