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ONGC signs MoU with Shell Bitumen

Thursday, 09 Feb 2006
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On 8 February 2006, ONGC signed an MoU with Shell Bitumen India to formalise the broad terms of manufacturing bituminous products and marketing, for the refinery to be established in India at East or West Coast.

The MoU has been signed to carry out a joint market research to evaluate India's bitumen and Value Added Bitumen (VAB) market potential over the next ten years and conduct an economic evaluation for the refinery.

The JV between ONGC and Shell will provide innovative solutions for building world class roads in India in urban areas, and will also enhance quality of rural roads.

Currently , MRPL a subsidiary of ONGC, owns and operates the refinery at Mangalore, with a current listed bitumen production capacity of 2.5 lakh tpa.

Also see:

Shell-ONGC plan bitumen refinery in south India (17-Oct-05)

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