|
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, India’s 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 India’s 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. |
