Indian Oil Corporation is planning to
invest around Rs.12,000 crore to upgrade its refining facilities to handle high
sulphur crude oil.
By 2010, the company is expected to
upgrade five of its refineries at Mathura, Panipat, Barauni, Koyali and Haldia,
enhancing the heavy crude oil, or high sulphur crude oil, handling capacity to
66.85 million tpa.
The refinery-wise plan includes:
- Setting up a residue upgrade plant
with an investment of Rs.3,940 crore at the Koyali refinery near Baroda in
Gujarat, which will also enable the plant to absorb the indigenous Gujarat
crude oil output - 2.3 million tpa from south Gujarat and 3.5 million tpa
from north Gujarat.
- Setting up a heavy crude oil
maximisation project at Barauni with a high sulphur processing coker revamp
at a cost of Rs.790 crore.
- Setting up a crude oil blending
plant for Panipat refinery and a storage facility are being set up at Mundra
port for pumping crude oil through the Mundra-Panipat crude oil pipeline at
a cost of Rs.1,011 crore. Work on expanding the refining capacity to 15
mmtpa is already underway with an investment of Rs.4,165 crore.
- At Haldia, IOC is setting up a
hydro cracker unit to improve yield and distillate quality at a cost of
Rs.1,876 crore.
- At Mathura, the company is
considering enhancing the heavy crude oil processing capacity to 65 per cent
from 57 per cent and setting up a diesel quality improvement project. An
additional sulphur recovery unit is also expected to come up, along with an
upgrade of the bitumen technology.
Also See:
IOC
to invest Rs.5,000 crore in Panipat refinery (11-Oct-06)