Chennai Petroleum Corporation (CPCL), a group company of Indian Oil Corporation, plans to set up a refinery and petrochemical complex at Ennore with an estimated investment of around Rs.30,000-Rs.35,000 crore.

The project will be set up in association with Indian Oil and a strategic partner, K K Acharya. CPCL has sought 3,000 acres of land from the Tamil Nadu government for the project. Experts from CPCL and IOC are jointly conducting a feasibility study for refinery configuration, petrochemical configuration including other factors and is likely to submit the report by June-July 2007. This will be followed by a market survey.

CPCL is implementing various projects worth Rs.6000 crore. The projects include a sea water desalination project worth Rs.231.34 crore and a 20 MW gas turbine in Manali refinery at a cost of Rs.158 crore. These two will be completed by December 2007. It is also executing the debottlenecking of one of the refinery units at Manali to raise the total capacity to 10.5 million tpa from 9.5 million tpa is to be completed by March 2009 at Rs.134 crore.

Work on the project is expected to start by 2008-09 and will be completed by 2014-15.

Also See:

IOC, CPCL plan refinery-cum-cracker complex (03-Aug-06)