Public-sector refining firms Indian Oil Corp. Ltd. (IOC), Bharat Petroleum Corp. Ltd. (BPC), and Hindustan Petroleum Corp. Ltd. (HPC) are advancing a previously announced plan to jointly invest in construction of a grassroots 60 million-tonne/year integrated refining and petrochemical complex in India’s Maharashtra state (OGJ Online, Jan. 29, 2016).
IOC, BPC, and HPC have enlisted fellow partner Engineers India Ltd. (EIL) to carry out a detailed feasibility study for the complex, with the site selection for the project already under way in consultation with the government of Maharashtra, India’s Minister of Petroleum and Natural Gas (MPNG) Shri Dharmendra Pradhan said in an Apr. 25 notice to the Lok Sabha, the lower house of India’s Parliament.
The project partners plan to make decisions regarding equity structure and financing for the project once site selection and the detailed feasibility study have been completed, Pradhan said.
Implementation for the proposed project likely would be 7 years following acquisition of a land site, Pradhan added, without disclosing a firm timeframe.
To be built in two phases, the complex would produce gasoline, diesel, LPG, and jet fuel, as well as other feedstock for Maharashtra’s petrochemical industry.
Phase 1 of the refinery would include a crude processing capacity of 40 million tpy, with an additional 20 million tpy of capacity to be commissioned following completion of Phase 2.
In late January, MPNG and the government of Maharashtra agreed to work closely both to expedite identification of land for the complex, as well as to finalize other unidentified project details.