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Air Products Signs Long-term Supply Agreement with IOCL

US-based Air Products, an industrial gases company, has signed a long-term supply agreement with Indian Oil Corporation Ltd. (IOCL).

As per this agreement, Air Products will set up an industrial gases complex to supply Hydrogen, Nitrogen and steam to IOCL’s Barauni refinery in Bihar. This complex will be developed on a Build-Own-Operate (BOO) basis and is expected to be operational in 2024.

Air Product’s upcoming industrial gas complex will include a hydrogen production facility supplying 70,000 normal cubic meters per hour (Nm3/hr) of hydrogen as well as steam, and an air separation unit producing 4,000 Nm3/hr of nitrogen.