Indian Oil Corporation has lined up investments of over Rs 2,200 crore in Tamil Nadu in the next two years towards taking up major grassroots and expansion projects in the state.
The projects include ‘grass-roots terminal’ at Asanur village is located in Ulundurpettai taluka of Viluppuram district in Tamil Nadu, and
Vallur in Tiruvallur District to manufacture ‘captive petroleum’ project, oil and lubricant-LPG jetty at Kamarajar port among others, according to Indian Oil Corporation executive director and Tamil Nadu State Head.V C Asokan
He added The company has achieved 10 per cent ethanol blending with petrol in Tamil Nadu and Puducherry and was working towards increasing it to 20 per cent in line with the Union government mandate.
The company would also take up the work for setting up the integrated lube complex at Ammulaivoyyal village on the outskirts of Chennai, apart from the ongoing projects in the Ennore-Tiruvallur sector, Bengaluru-Puducherry-Nagapattinam-Madurai-Turicorin gas pipeline and augmentation of Chennai-Tiruchirappali-Madurai pipeline projects.
The team was here to review and deliberate on the LPG Bottling plant near Kinathukadavu a town panchayat suburb of Coimbatore city and taluk in Coimbatore district about its LPG storage and distribution infrastructure.
The joint venture with Israel technology company Phinergy to manufacture and commercialise aluminium-air technology as an alternative of Lithium battery would be ready in another six months and a tripartite agreement was recently inked.
The project with its research and development team for production of aluminium plates for aluminium-air batteries, and recycling of aluminium after use in these batteries were progressing fast.
Aluminium–air batteries (Al–air batteries) produce electricity from the reaction of oxygen in the air with aluminium. They have one of the highest energy densities of all batteries, but they are not widely used because of problems with high anode cost and byproduct removal when using traditional electrolytes.
This has restricted their use to mainly military applications. However, an electric vehicle with aluminium batteries has the potential for up to eight times the range of a lithium-ion battery with a significantly lower total weight.
