Air Products agrees to build industrial gas complex for IOCL

Air Products, the industrial gases leader has announced the signing of a long-term supply agreement with Indian Oil Corporation Limited (IOCL), India’s flagship national oil company.

As part of the agreement, Air Products will build, own and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India.

The industrial gas complex for IOCL to come onstream in 2024.

Once completed, the new Barauni project will become Air Products’ second BOO project in India after the Kochi industrial gas complex at BPCL’s Kochi refinery in Kerala.

The new industrial gas complex will aid Barauni capacity expansion from six to nine million tonnes per annum producing Euro-VI or BS-VI compliant petrol and diesel.