Tuesday, September 28, 2010
Friday, September 24, 2010
Indian Oil to set up LPG terminal at Paradeep
Indian Oil to set up Rs 90-crore LPG terminal at Paradeep
23 Sep 2010 PETROLEUM BAZAAR
Indian Oil Corporation Limited (IOCL), the country's largest oil marketing company, plans to invest Rs 90 crore in setting up of an LPG (Liquefied Petroleum Gas) terminal and a bottling plant at the site of its proposed refinery cum petrochemical complex, five km south of Paradeep.
"Our LPG terminal cum bottling plant will come up at the site of the proposed refinery cum petrochemical complex at a cost of Rs 90 crore. This LPG terminal is expected to be operational by March 2010”, V Ramgopal, general manager (marketing) cum State Level Coordinator (Orissa) of IOCL told Business Standard. IOCL's 15 million tonne per annum (mtpa) refinery cum petrochemical complex being taken up at a cost of Rs 29,777 crore was expected to be commissioned by March 2012 and stabilized by December 2012.
The refinery cum petrochemical complex would come up on 3300 acres. It may be noted that IOCL is the anchor tenant for the PCPIR (Petroleum, Chemicals and Petrochemicals Investment Region) hub to be spread over Jagatsinghpur and Kendrapara districts an area of 274.15 sq km.
IOCL has targeted to add 63,000 new LPG customers in Orissa this year. The two other oil marketing firms- Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum (HP) would add 45,000 and 60,000 customers respectively meaning a total addition of 168,000 new LPG connections in the state in 2010-11.Courtesy:BS
Friday, September 3, 2010
HPCL plans to set up Rs 15,000 crore refinery
03 Sep 2010 PETROLEUM BAZAAR
NEW DELHI: State-run Hindustan Petroleum Corp (HPCL) plans to invest about Rs 15,000 crore in setting up a 9 million tons-a-year refinery on the west coast.
The new refinery, which may be in Raigad district of Maharashtra, is being mulled to make up for space constraint that its Mumbai refinery faces at present.
"We have been shown three pieces of land by Maharashtra government. We should be able to finalise the location in next few weeks," a company official said.
HPCL wants to build a 9 million tons unit and then double it at a later date. "We should be able to finalise location and size of the refinery in 3-4 months," he said. "A consultant for doing detailed feasibility report (DFR) will be appointed soon."
The land offered for the refinery is located between Ratnagiri and Raigad districts. The unit, called Maharashtra Refinery, would be completed in 48 months from the date of receiving all approvals, he said.
"We face tremendous space constraint at our 6.5 million tons-a-year Mumbai refinery. A refinery of this size is spread over 2,000 acres of land but our refinery is spaced in just 350 acres. We feel in 5-10 years, the space constraint will make the unit inefficient," the official said.
He said the Mumbai refinery may eventually be shutdown once the new refinery is built. "That decision we need to take in 6-7 years."
HPCL has a 7.5 million tons-a-year unit at Vizag in Andhra Pradesh and is also building a 9 million tons plant at Bhatinda in Punjab in joint venture with steel czar Lakshmi Mittal.
"We are commissioning a feasibility study which we expect will be completed in six months. Investment decision will be made based on the feasibility study," he said. Courtesy:ET
NEW DELHI: State-run Hindustan Petroleum Corp (HPCL) plans to invest about Rs 15,000 crore in setting up a 9 million tons-a-year refinery on the west coast.
The new refinery, which may be in Raigad district of Maharashtra, is being mulled to make up for space constraint that its Mumbai refinery faces at present.
"We have been shown three pieces of land by Maharashtra government. We should be able to finalise the location in next few weeks," a company official said.
HPCL wants to build a 9 million tons unit and then double it at a later date. "We should be able to finalise location and size of the refinery in 3-4 months," he said. "A consultant for doing detailed feasibility report (DFR) will be appointed soon."
The land offered for the refinery is located between Ratnagiri and Raigad districts. The unit, called Maharashtra Refinery, would be completed in 48 months from the date of receiving all approvals, he said.
"We face tremendous space constraint at our 6.5 million tons-a-year Mumbai refinery. A refinery of this size is spread over 2,000 acres of land but our refinery is spaced in just 350 acres. We feel in 5-10 years, the space constraint will make the unit inefficient," the official said.
He said the Mumbai refinery may eventually be shutdown once the new refinery is built. "That decision we need to take in 6-7 years."
HPCL has a 7.5 million tons-a-year unit at Vizag in Andhra Pradesh and is also building a 9 million tons plant at Bhatinda in Punjab in joint venture with steel czar Lakshmi Mittal.
"We are commissioning a feasibility study which we expect will be completed in six months. Investment decision will be made based on the feasibility study," he said. Courtesy:ET
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