Essar Oil upgrade its refinery in India, invests Rs 1200 crore

Essar Oil to upgrade its refinery in India, invests Rs 1200 crore

9:55 AM, 8th August 2016
Essar Oil to upgrade its refinery in India, invests Rs 1200 crore

MUMBAI, INDIA: Essar Oil said that it will invest an additional Rs 1200 crore over the next 2-3 years to upgrade its Vadinar refinery in Gujarat (India) to boost refinery margins by Rs 100.18 ($1.5) per barrel.

The company has already invested Rs 400 crore during a planned shutdown of the refinery in September-October last year. The investment will be made to upgrade various refinery units over the next years, said the company in a statement.

Essar Oil as of now runs a 20 million tonnes per annum (MTPA) capacity refinery at Vadinar has already earmarked and acquired land which is around 5km away from the refinery to develop a petrochemical complex that would produce gasoline, liquefied petroleum gas (LPG) and propylene among other products.

“This new investment is being made to upgrade its naphtha hydro treater (NHT), isomerisation unit, continuous catalytic reformer units and also facilities for further recovery of sulphur to further improve its margins,” Essar Oil said in a press statement.

“After the shutdown, we have been able to change our crude blend to process higher quantities of ultra-heavy and high TAN crudes, and increase the production of high value distillates. This has enabled Essar Oil to enhance its crude and product mix significantly, which is reflected in our financial performance,” said Manoharan, director of refinery, Essar Oil.

"We are focused on making our refinery among the best in the world through efficient deployment of resources. We will take a path of safety and sustainability in reaching our goals. We believe in setting new benchmarks for the industry,” added Lalit Kumar Gupta, managing director and CEO of Essar Oil.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Sun Chemical to acquire Flint’s European printing ink biz

WEXHAM SPRINGS, UK: Sun Chemical, a member of the DIC group said that it has plans to acquire Flint Group’s European publication gravure (printi ...

Read more
Researchers find unexpected properties of sugar proteins

HOUGHTON, US: Chemistry research on sugar-binding proteins is as old tunes. For glycobiologists, who study sugar-loving proteins (called lectins and g ...

Read more
Sumitomo, Zeon to form solution styrene butadiene rubber JV

TOKYO, JAPAN: Sumitomo Chemical Company and Zeon Corporation have reached a basic agreement to begin a study on possible consolidation of the two comp ...

Read more
New edible wax coating ensures all syrup comes out of bottle

FORT COLLINS, US: When we reach the end of a ketchup bottle, there’s always a little left, stuck to the sides. A Colorado State University lab o ...

Read more
Deepak Fertiliser to set up nitric acid plant in India, invests Rs 550-cr

MUMBAI, INDIA: Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), expands its nitric acid production capacities by setting up a greenf ...

Read more
Wison Engineering bags Connel’s EPC contract

SHANGHAI, CHINA: Wison Engineering has been awarded an engineering, procurement and construction management (EPC) contract for a 300kta methanol-to-ol ...

Read more