Indian Oil Corp., the nation’s largest oil refiner, has teamed up with startup Phinergy Ltd. to develop the Israeli company’s aluminum-air battery. “Lithium is scarce in the country and we started scouting for an element which is abundantly available as a natural resource," said Indian Oil R&D Director S.S.V. If there’s enough demand, Indian Oil and Phinergy plan to set up a gigawatt-scale facility to make the batteries in India, Ramakumar said. Indian Oil is the the nation’s biggest importer of crude oil. We want to emerge as an energy player, supplying all forms of energy," Ramakumar said.

Source: Mint July 01, 2021 21:56 UTC