Inox also sees exciting opportunities in both traditional and emerging applications for air separation gases such as oxygen, nitrogen and argon.
Industrial gases major Inox Air Products is planning a significant thrust on the uses of hydrogen, going forward. The company also sees exciting opportunities in both traditional and emerging applications for air separation gases such as oxygen, nitrogen and argon, despite the slowdown in the economy.
On hydrogen, Siddharth Jain, director, Inox Air Products, told DNA, “Hydrogen is used as a chemical for oil refining, as well as a transportation fuel, and Inox Air Products will participate strongly in this space. As India’s refinery capacity grows and the need for cleaner fuels arises, the requirement for hydrogen will only continue to increase.”
India is one of the fastest growing vehicle markets in the world. Jain said, “Inox Air sees significant opportunities for hydrogen as a clean fuel and we are working with the government of India, major Indian companies and international organisations to help establish infrastructure, safety measures and technology necessary to utilise this fuel.”
In fact, working with its partner, US-based Air Products, Inox Air had provided India’s first hydrogen fuelling station to Indian Oil Corp in 2005.
The company also announced last week a partnership with the UN Industrial Development Organisation (Unido) for the demonstration of a hydrogen fuel-based three-wheeler programme in Delhi. On the consumption scenario, Jain said India continues to demonstrate higher growth for industrial gases than most other economies. “Inox Air has not shelved any investments and we continue to explore and commit to new opportunities,” he said.
The company sees great potential in India’s overall energy space -refining fuels, gasification and photovoltaic projects - for industrial gas usage.
Jain said, “Many of our customers are planning multi-billion dollar investments in these areas, of which our products are but a portion. Although the current economic slowdown may cause a few months’ delays in some of these, we want to invest and work with our customers to make their plans successful.”
Having recently commissioned its 1,250 tpd air separation plant for Steel Authority of India Ltd (SAIL) at Bokaro in Jharkhand, Inox Air now has four major air separation on-site facilities serving the country’s steel sector.
Inox Air is a 50:50 joint venture between the Inox Group and Air Products, a $100-billion global company with operations across 40 countries.
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