News Release Details
IndianOil bags `Frost & Sullivan Award for Industry Innovation and Advancement’
New Delhi 13-Aug-2007
IndianOil has been chosen as the recipient of the `Frost & Sullivan Award for Industry Innovation and Advancement’ in the Indian Bio-fuels industry for the breakthrough research in the area of alternative energy options. The Frost & Sullivan Award for Industry Innovation and Advancement is bestowed each year upon a company that has proven to be a leader in the industry and that through its pioneering technology, sound business strategy, and research efforts, has been successful in moving the state of the industry forward. This Award recognizes a company for its broader, more comprehensive participation in the industry and for its contributions to the advancement of the market. IndianOil’s excellence in research coupled with sustainability and its integrated plan for the entire value chain of Bio-diesel — from plantation to blending and marketing makes the company a worthy recipient of `Frost & Sullivan’s Industry Innovation and Advancement Award’. IndianOil’s efforts at promoting Bio-diesel come at a time when there is an urgent need for increasing energy security in the country. The R&D Center of IndianOil is proactive in conducting research in the areas of alternative energy options. It was the first to demonstrate the feasibility of producing Bio-diesel from non-edible oils and to develop quality control methods for it. Further work is in progress for developing a continuous process for production of Bio-diesel, including a solid catalyst. Founded in 1961 in US, Frost & Sullivan has 26 global offices with more than 1500 industry consultants, market research analysts, technology analysts and economists. The company’s mission is to research and analyze new market opportunities for corporate growth. They are engaged in growth consulting and integrated areas of technology research, market research, economic research, corporate best practices, training, customer research, competitive intelligence and corporate strategy.
New Delhi 13-Aug-2007
IndianOil has been chosen as the recipient of the `Frost & Sullivan Award for Industry Innovation and Advancement’ in the Indian Bio-fuels industry for the breakthrough research in the area of alternative energy options. The Frost & Sullivan Award for Industry Innovation and Advancement is bestowed each year upon a company that has proven to be a leader in the industry and that through its pioneering technology, sound business strategy, and research efforts, has been successful in moving the state of the industry forward. This Award recognizes a company for its broader, more comprehensive participation in the industry and for its contributions to the advancement of the market. IndianOil’s excellence in research coupled with sustainability and its integrated plan for the entire value chain of Bio-diesel — from plantation to blending and marketing makes the company a worthy recipient of `Frost & Sullivan’s Industry Innovation and Advancement Award’. IndianOil’s efforts at promoting Bio-diesel come at a time when there is an urgent need for increasing energy security in the country. The R&D Center of IndianOil is proactive in conducting research in the areas of alternative energy options. It was the first to demonstrate the feasibility of producing Bio-diesel from non-edible oils and to develop quality control methods for it. Further work is in progress for developing a continuous process for production of Bio-diesel, including a solid catalyst. Founded in 1961 in US, Frost & Sullivan has 26 global offices with more than 1500 industry consultants, market research analysts, technology analysts and economists. The company’s mission is to research and analyze new market opportunities for corporate growth. They are engaged in growth consulting and integrated areas of technology research, market research, economic research, corporate best practices, training, customer research, competitive intelligence and corporate strategy.