In the PETROTECH-2016, 11 Memorandum of Understanding (MoU) were signed among various companies. 
●    The PETROTECH meet was held in the month of December 2016.
●    Among these 11 MoUs, a consortium agreement was signed between IOCL, BPCL and HPCL to set up India’s biggest oil refinery cum petrochemical complex with around 60 MMTPA capacity along the western Coast of India in Maharashtra.
●    MoU with IIT, Guwahati for supporting OIL’s start up initiative
●    MoU with IIT, Mumbai for supporting ONGC’s Start-Up Initiative
●    MoU between ONGC and Halliburton
●    MoU between ONGC and Schlumberger
●    Binding MOU (Cost sharing Agreement) for development of Ligno-Cellulosic Ethanol Plants
●    Binding MOU (Cost sharing Agreement) for development of Ligno-Cellulosic Ethanol Plants.
●    MoU between BPCL and Institute of Chemical Technology
●    MoU for Technology Transfer for setting up of 2G Biomass Ethanol Bio-refinery at Bina, M.P.
●    MoU for Technology Transfer for setting up of 2G Biomass Ethanol Bio-refinery at Bargarh, Odisha
●    MoU for setting up 2nd Generation Ethanol Bio-refinery
●    MoU with Technology provider for 2nd Generation Ethanol Bio-refinery

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