IndianOil continues to lay emphasis on infrastructure development. Towards this end, a number of schemes have been initiated with increasing emphasis on project execution in compressed schedules as per world benchmarking standards.
Grassroots Refinery-Cum-Petrochemicals Project at Paradip
Project Cost: Rs. 25,646 crore
Expected Commissioning: By end of 2011-12
Benefit: The project will help in partly meeting deficit of distillates viz. LPG, Naphtha, MS, Jet/Kero, Diesel and other products, in the eastern part of the country. The complex will generate intermediate petrochemicals feedstock.
Brief Description: A 15 MMTPA grassroots refinery-cum-petrochemicals complex (along with a product pipeline to Ranchi) is planned to be constructed at Paradip in the state of Orissa.
The Refinery will have, apart from a Crude and Vacuum Distillation Unit, a Hydrocracking Unit, a Delayed Coker Unit and other secondary processing facilities.
It will also have an integrated gasification combined cycle plant for production of steam, power and hydrogen from petroleum coke for captive use in the refinery.
This will be the most modern refinery in India with nil residue production and the products would meet stringent specifications.
3344 acre of land has been taken over by IndianOil and necessary infrastructure development jobs prior to setting up of the main refinery are progressing.
This complex envisages production of integrated petrochemicals like Paraxylene,Polypropylene, and Styrene.
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