Hyderabad, Mar 11: The 1200 km-long Paradip-Hyderabad pipeline project (PHPL) being executed by IndianOil at an investment of over Rs 3,800 crore is at advanced stage of completion with some smaller segments to be patched up, said Mr R.Sravan S.Rao, Executive Director and State Head of IndianOil (Telangana and Andhra Pradesh) here on Wednesday.
Addressing the media on the BS-VI fuels here, Mr Sravan said the pipeline project from the Paradip Refinery in Odisha, would terminate in the new petroleum terminal of IndianOil at Malkapur in Nalagonda District in Telangana.
The Rs 611 crore storage terminal with a capacity of 180 thousands kilo litres is being developed at Malkapur on a 69.35-acre site and the work on the terminal has commenced and we expect this to be ready within 18-24 months,” he said.
The execution of the Paradip-Hyderabad pipeline would facilitate enhanced leverage in terms of fuel supplies for Indian Oil in Telangana, he said the pipeline project was planned to reduce transportation cost of petrol and diesel, and supply fuel to the consumers of the State and country at a lower price.
In addition to this, several other capacity augmentation initiatives have been taken up by IOCL, he said in order to meet the increase in LPG demand, additional LPG tankage of 2,400 tonnes in mounded storage is being envisaged at Cherlapally LPG plant at an investment of ₹36 crore.
Highlighting various initiatives taken by the IOC, he said the company is also into production of 3G Ethanol by conversion of hydrogen Off-gas produced at its refineries to ethanol using gas fermentation technology. The plant with an estimated cost of Rs 598 crore is being constructed at Panipat refinery in Haryana.
The gas compact reformer patented by IndianOil partially reforms natural gas to provide a hydrogen-CNG(HCNG) mixture consisting 18 per cent hydrogen, Mr Sravan said the fuel can then be compressed for direct use in motor vehicles.
On pilot basis, HCNG using in buses at Delhi , he said HCNG to reduce pollution.
While referring Battery Swap Technology, he said we are looking to set up a factory in the country to manufacture aluminium-air batteries for electric vehicles and stationary applications and facilitate development of eco-system for AI-Air technology based batteries.
This technology may be a suitable alternative for the present Lithium based batteries, he added.