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IndianOil’s Paradip and Panipat Refineries have achieved a significant milestone by introducing ‘Reference Gasoline and Diesel Fuels,’ a historic first for India. Shri Hardeep Singh Puri, Minister of Petroleum & Natural Gas and Housing & Urban Affairs, commended this groundbreaking achievement during a momentous event.
Fostering Indigenous Technical Prowess
The launch of these reference fuels underscores India’s indigenous technical capabilities and reinforces the Make in India mission. Shri Puri emphasized that this achievement aligns with the AtmaNirbhar Bharat vision, showcasing India’s dedication to self-reliance and innovation.
Shri Puri noted that the production of reference gasoline and diesel fuels within the country, meeting international benchmarks, is a testament to IndianOil’s brilliance and relentless hard work. This accomplishment not only reduces India’s dependence on fuel imports but also positions India as a significant player in the global energy industry, equipped with exclusive competencies.
India’s Energy Security Strategy
The Minister shed light on the four-pronged energy security strategy adopted by the Ministry of Petroleum & Natural Gas, guided by Prime Minister Shri Narendra Modi’s vision of transforming India into an ‘energy-independent’ nation by 2047. The strategy encompasses diversification of energy supplies, expanding exploration and production, transitioning to alternate energy sources, and embracing green hydrogen and electric vehicles.
Shri Puri praised oil companies for their strides in fulfilling national goals and commitments, emphasizing clean energy initiatives, the transition to BS-VI fuels, and the introduction of EV charging stations, Compressed Bio-Gas (CBG), Sustainable Aviation Fuel, Ethanol blending, and hydrogen fuels. These efforts are pivotal in India’s journey towards a more sustainable and eco-friendly future.
Panipat and Paradip Refineries Leading the Way
Shri Puri acknowledged Panipat Refinery & Petrochemicals Complex and Paradip Refinery for their pivotal roles in advancing IndianOil’s green agenda. He highlighted Panipat’s upcoming 10 KTA green hydrogen plant, a significant milestone in India’s transition to green energy. Paradip Refinery, known as one of India’s most modern and complex refineries, also marked achievements in its recent operations.
The Minister commended IndianOil’s Research & Development Centre for surpassing the milestone of filing 1500 patents, showcasing decades of pioneering work. He recognized the center’s contribution, along with Paradip and Panipat refineries, to the successful production of reference fuels.
A Sustainable and Innovative Future
Shri Hardeep Singh Puri emphasized India’s strides in reducing emissions, expediting fuel blending, and introducing green hydrogen fuel cell buses in Delhi. These initiatives demonstrate the nation’s commitment to eco-friendly alternatives and sustainable practices.
Acknowledging India’s position as the world’s 5th largest economy, the Minister emphasized India’s optimal utilization of its potential in the global energy market while maintaining equilibrium in crude oil prices. India stands as a coveted player in the global energy landscape.
The Importance of Innovation in the Energy Sector
Shri Puri congratulated oil companies for their consistent innovation in processes and technologies, enhancing product offerings for customers. He stressed the significance of innovation in the gas and energy sector, highlighting the sector’s dedication to delivering improved solutions and services.
The launch of ‘Reference Gasoline and Diesel Fuels’ by IndianOil’s Paradip and Panipat Refineries marks a historic achievement, emphasizing India’s technical prowess and commitment to self-reliance. This groundbreaking step aligns with the Make in India initiative and positions India as a key player in the global energy industry. The Minister’s address underscores the significance of these developments in advancing India’s energy security and sustainability.
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