New Delhi: Indian Oil Corporation Ltd (IOCL) achieved a milestone of sorts on Tuesday as it announced that its research and development centre at Faridabad has become the first public sector oil and gas company to cross the milestone of filing 1,000 patents. A statement released by IOCL said that the company had filed its 1,001st patent this week. "The R&D Centre's IP (Intellectual Property) portfolio comprises 794 active patents, of which 542 patents were granted abroad and 252 in India. The centre has also registered a healthy commercialisation rate for its patents, higher than the global average," it said.
Complementing the R&D team for lending a competitive edge to IndianOil's business through innovative products, processes and technologies, Sanjiv Singh, Chairman, Indian Oil, said that several quality upgradation projects implemented at Indian Oil refineries for the production of BS-VI fuels are based on deep desulphurisation, isomerisation and dimerisation technology patents developed in-house.
Indian Oil's internationally-awarded INDMAX technology patent, successfully commercialised at Paradip Refinery, improves LPG yields by 40 percent besides ensuring the highest propylene yields in its class. Similarly, the Centre's bio-methanation technology is best-in-class in methane yields and is being implemented at the Namakkal (Tamil Nadu) plant for the production of compressed bio-gas (CBG).