IOC to make fuel for Formula 1 - first by an Indian firm
Indian Oil Corporation Ltd (IOC) — the nation's top oil firm — will in three months start manufacturing fuel used in adrenaline-pumping Formula One or F1, motor racing as it looks to expand its basket of niche fuels. IOC, which already has three branded fuels, including high-selling XtraGreen diesel, on Wednesday unveiled 'Storm' petrol that it will supply for the Asian region motorcycle road racing championship.
«Today, we are partnering with FIM Asia Road Racing Championship for the supply of 'Storm'. We are the first company in India to manufacture fuel of specifications used in road racing,» IOC Chairman Shrikant Madhav Vaidya said.
IOC will supply fuel for all the motorcyclists from 15 countries that will participate in the FIM Asia Road Racing Championship.
«Our R&D (research and development) in two months will be able to produce Category-1 fuel and in three months Formula 1 fuel,» he said.
«Unless we go to F1, the journey is not complete.»
'Storm — Ultimate Racing Fuel' is different from regular commercial as well as premium gasoline or petrol (95-Octane XP95 and 100-Octane XP100) in fuel properties like density range, distillation range, vapour pressure (DVPE), and olefins.
And Formula 1 fuels are ones that deliver highly optimised peak performance.
Vaidya said current norms provide for 40 per cent of the F1 fuel coming from non-fossil sources, such as alcohol, algae or waste keeping in the sustainability angle.
IOC would also start manufacturing similar grade fuel and thereafter pitch to automobile
