A US trade body has announced grant funding to the Indian Oil Corporation’s (IOC) carbon capture, utilisation and storage capacity in the Koyali refinery in Gujarat.
The US Trade and Development Agency’s (USTDA) funding will support state-owned IOC’s evaluation of technologies to capture and utilise carbon dioxide produced during refinery operations, presenting a novel and cost-effective environmental strategy that can be expanded to other refineries in India, according to a statement on Wednesday.
“This project is an ideal example of the groundbreaking work (the) USTDA supports and makes possible,” said Chief Operating Officer, USTDA, Todd Abrajano.
