Indian Oil Corporations (IndianOil) Research and Development Centre at Faridabad has reportedly filed its 1,001 st patent. IndianOil is the first among Indian oil & gas PSUs to do so, stated a release.
The R&D Centres 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, the firm said.
According to the release, IndianOils INDMAX technology patent, commercialised at Paradip Refinery, improves LPG yields by 40 per cent besides ensuring the highest propylene yields in its class.
Similarly, the Centres bio-methanation technology is best-in-class in methane yields and is being implemented at the Namakkal (Tamilnadu) plant for production of compressed bio-gas (CBG), it further said.