The country’s second largest national oil marketer Bharat Petroleum Corp Ltd has developed a novel technology to test the quality of crude oil at a fraction of the cost and time that it takes now through the lengthy lab tests.
The technology, which has a number of patents including those from the US and the EU, is a ‘crude horoscope predictor tool’ called BPMarrk, which can optimise varied properties from the crude.
The company is also in talks with leading international players in the crude assaying industry like Aspen, the largest in the segment, Honeywell, and Emerson, R Ramachandran, Director (Refineries), at BPCL said.
“The traditional way of assaying takes 30-45 days for a complete testing and the cost averages at Rs 25 lakh. But the BPMarrk takes around 30 minutes for a four-stage test. We can offer it at a fraction of the present cost but we haven’t decided on the pricing part yet,” he told PTI.
Ramachandran also said the company is planning to use the technology as an advance control product for product optimisation and is going to apply for patents for this as well.
On talks with American bodies, he said, “we have made presentations to Aspen, Emerson and Honeywell but no deal has been finalised yet”. BPCL has been developing the technology since FY16 and reached commercial production stage two years ago.
Since then, it has made a detailed presentation to the American Petroleum Institute which is the global body that codifies the testing standards for the industry.
The institute was keen to develop this tool as an alternate standard, provided BPCL shared the entire details, but the company refused, a source at the company said.