The Hindustan Petroleum Corporation (HPCL) has signed a long-term agreement with HPCL-Mittal Energy (HMEL) to operate and maintain its newly-commissioned bitumen terminal.
HMEL a JV between HPCL and Mittal Energy Investments-- runs a nine million tpa capacity refinery at Bathinda in Punjab.
HMEL recently set up a bitumen blowing unit (BBU) of capacity 62.5 TPH or 550 tpa of different grades of Bitumen at its Guru Gobind Singh Refinery, Bathinda. For storing, handling and dispatching the product, HMEL has set up a marketing terminal to be handled by HPCL, a company statement said.
HPCL separately has a long-term product off-take agreement with HMEL for its entire production.