India's largest refiner and oil marketing company Indian Oil Corporation's Rs 34,555-crore 15 million tonnes per annum Paradip Refinery will be commissioned in phases from March 2015 onwards, said chairman B Ashok today.
The refinery is capable for processing a broad basket of crude oil grades, including cheaper high-sulphur heavy crudes, which will help the company to improve bottomline, Ashok told reporters here.
The company is also setting up a polypropylene project with capacity of 680 KTA at Paradip.
The INDMAX FCC Unit of 4.2 MMTPA capacity at Paradip, one of the major secondary processing units, is designed to operate in petrochemicals mode to maximise propylene/ethylene production. The unit will produce 700 KTA of propylene. Based on the availability of propylene, a poly-propylene plant of 700 KTA capacity will be set up with an estimated capex of Rs 3,150 crore.
The project is expected to be commissioned by 2017-18. A project management consultant is already on board and the construction work will commence from March 2015 onwards, Ashok said.
Among the major pipeline projects envisaged by the company in the near future are Paradip-Hyderabad product pipeline; Durgapur-Barauni-Patna-Muzzaffarpur LPG pipeline; augmentation of the existing Koyali-Sanganer pipeline and its extension as Jaipur-Panipat Naphtha pipeline and Koyali-Ahmednagar pipeline.
The company has commenced feasibility study for Jalandhar-Jammu LPG pipeline, Numaligarh-Imphal LPG pipeline and Guwahati-Silchar Product pipeline among others.
These pipeline projects are expected to add 4,000 km in length and 11 MMTPA in capacity over and above the existing/on-going projects at an estimated cost of Rs 7,000 crore.
The process of laying the first international pipeline from Raxaul in Bihar to Amlekhgunj in Nepal has been initiated, he said.
