Indian Institute of Petroleum (IIP), Dehradun is looking for economic viable ways of conversion of plastic waste into petroleum products. IIP is looking for ways to make the technology cheaper and efficient. It’ll help the technology to become more useful as it’ll reach out to the masses.
Another feature of the technology is that liquid fuel produced i.e. gasoline and diesel, meets Euro-III fuel specifications and different products can be obtained from the same raw material by simply changing the catalysts and operating parameters.
“We have applied for a patent. We developed this after nearly a decade of intensive research. We are now planning to commercialise the technology although we are still engaged in the process of engineering to design heavy machinery and processes,” IIP Director M.O. Garg IIP Director M.O.
“The current prices of petrol, which is derived from crude hydrocarbons, range between Rs 70 to Rs 80 per litre. Petrol in this case costs Rs 30 to Rs 40 per litre, inclusive of the cost of plant, operations, manpower and land cost,” Garg said.