Oil Ministry laid out the foundation stone of Octomax unit at Mathura

Union Minister Dharmendra Pradhan laid out the foundation stone for Octomax unit in the oil refinery at Mathura.

Flash points

• Octomax unit is the country’s first high octane gasoline production unit
• It is a part of the oil refinery at Mathura
• Octomax, a “novel technology” is developed in-house by Research and Development Centre of Indian Oil
• The technology involves the conversion of cracked C4 streams to high-octane gasoline blending stock for production of Euro-IV/V equivalent gasoline
• The refinery will setup a plant of 55 KTA capacity at an estimated cost of Rs 43 crores
• It is expected to be completed by October 2017
• It is an indigeneously designed plant under the Make in India mission
• It will meet the target of introducing BS-VI standards in petrol and diesel by 2020 told Pradhan
• It is planned to increase the capacity of Mathura Refinery to 0 MMT/yr at a cost of Rs 5,000 crore in the future
• It is to be noted that the UP government have imposed a 5% entry tax for the refinery