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IOCL announces new refinery foundation and significant step towards energy self-reliance for India

March 01/2021

MOSCOW (MRC) -- Prime Minister Shri Narendra Modi dedicated the Ramanathapuram - Thoothukudi natural gas pipeline and Gasoline desulfurization unit at Chennai Petroleum Corporation Limited to the nation on 17th February 2021 at 04:30 PM via videoconferencing. Prime Minister shall also laid the foundation stone of Cauvery basin Refinery at Nagapattinam, according to Hydrocarbonprocessing.

The event marks another significant milestone towards the Energy Aatmanirbharta for the nation. Governor and Chief Minister of Tamil Nadu, Union Minister for Petroleum and Natural Gas and Steel, and other Members of Parliament will also be present on occasion.

Ramanathapuram - Thoothukudi section (143 km) of the Ennore-Thiruvallur-Bengaluru-Puducherry-Nagapattinam-Madurai-Tuticorin Natural Gas pipeline (ETBPNMTPL) pipeline has been laid at the cost of about Rs 700 crore. It has generated 1.7 lakh man-days of employment. The pipeline shall utilize the gas from ONGC Gas fields and deliver indigenous natural gas as feedstock to M/s. Southern Petrochemical Industries Corp. Ltd. (SPIC) at Tuticorin and other industrial/commercial customers and CGD GAs.

The Gasoline Desulfurization unit at CPCL, Manali has been constructed at about Rs 500 crore, generating 18,000 man-days of employment. The gasoline desulfurization unit at CPCL, Manali refinery shall produce low sulphur (less than 8 ppm) environment-friendly gasoline, which will reduce emission and contribute towards a cleaner environment.

The grass-root refinery with 9 million tonnes per annum (MMTPA) capacity is to be set up at Nagapattinam by a JV between IndianOil and CPCL at an estimated project cost of Rs.31,500 crore. This project shall generate about 50 lakh man-days during the execution phase. The new refinery will produce MS and Diesel meeting BS-VI specifications and Polypropylene as a value-added product and anticipates approximately 80% indigenous sourcing of materials and services.

These projects would result in substantial socio-economic benefits and shall aid the development of transport and communication facilities, education facilities, downstream petrochemical industries, ancillary and small-scale industries.

As MRC informed before, Indias crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day (bpd) as its refiners cranked up output to meet a rebound in fuel demand.

We remind that Indias Chemicals and Fertilisers Minister D V Sadananda Gowda said in mid-December, 2020, the demand for chemicals and petrochemicals is expected to rise 9% annually, and the size of the industry is likely to grow to USD300 billion by 2025.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020). Supply of exclusively PP random copolymer increased.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, PP random copolymer, propylene, LDPE, HDPE, ethylene, gas processing, petrochemistry, Indian Oil Corp, ONGC, India, Russia.
Category:General News
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