{"id":877,"date":"2009-01-20T04:00:00","date_gmt":"2009-01-20T04:00:00","guid":{"rendered":"http:\/\/oilgae.com\/blog\/?p=877"},"modified":"2009-01-20T04:00:00","modified_gmt":"2009-01-20T04:00:00","slug":"indian-oil-corporation-plans-to-invest","status":"publish","type":"post","link":"http:\/\/www.oilgae.com\/blog\/2009\/01\/indian-oil-corporation-plans-to-invest.html","title":{"rendered":"Indian Oil Corporation Plans To Invest In Algae"},"content":{"rendered":"<p>You are at: <b><a href=\"http:\/\/www.oilgae.com\/blog\/\">Oilgae Blog<\/a><\/b>.<\/p>\n<div style=\"text-align: justify;\">Despite the sharp fall in crude oil prices globally, government-owned oil companies are not scaling back their research and development (R&amp;D) spends on alternative and renewable energy. They have, in fact, been aggressively increasing their outlays for such programmes.<\/p>\n<p>For instance, Indian Oil Corporation, the nation\u2019s biggest marketer and refiner, doubled its R&amp;D spend from Rs 30 crore to Rs 60 crore this year. The company is conducting research in areas like biodegradable lubricants and oil refining technology. The company will shortly commission a pilot at its Faridabad centre, where it will install technology for coal gassification and production of ethanol from biomass.<\/p>\n<p>\u201cWe are bullish on investing in forms of alternative and renewable energy. At our R&amp;D centre, we are looking at developing eco-friendly lubricants and producing diesel from algae. We are also looking at tying up with international energy institutes,\u201d said Anand Kumar, director, R&amp;D, IOC. The company has recruited five scientists from international universities for its laboratories.<\/p>\n<p><a href=\"http:\/\/www.business-standard.com\/india\/news\/psus-upbeatalternative-energy\/00\/04\/346421\/\">See more<\/a><\/div>\n<p>By the way, have you <a href=\"http:\/\/www.oilgae.com\/blog\/feed\/rss.xml\">subscribed to the Oilgae Blog?<\/a>; How about <a href=\"http:\/\/oilgae.com\/mlist\/user\/subscribe.php\">joining the Oilgae mailing list?<\/a>; and <a href=\"http:\/\/www.oilgae.com\/forum\">our forum to discuss on with others<\/a>?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You are at: Oilgae Blog. Despite the sharp fall in crude oil prices globally, government-owned oil companies are not scaling back their research and development (R&amp;D) spends on alternative and renewable energy. They have, in fact, been aggressively increasing their outlays for such programmes. For instance, Indian Oil Corporation, the nation\u2019s biggest marketer and refiner, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,6],"tags":[],"class_list":["post-877","post","type-post","status-publish","format-standard","hentry","category-algae-energy-companies","category-algae-energy-investments"],"_links":{"self":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/posts\/877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/comments?post=877"}],"version-history":[{"count":0,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/posts\/877\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/media?parent=877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/categories?post=877"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/tags?post=877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}