Paradip Refinery

Paradip Refinery
Location of Paradip Refinery
Country India
State Odisha}
City Paradip
Coordinates 20°31′00″N 86°59′59″E / 20.51667°N 86.99972°ECoordinates: 20°31′00″N 86°59′59″E / 20.51667°N 86.99972°E
Refinery details
Owner(s) Indian Oil Corporation Limited
Capacity 300,000 bbl/d (48,000 m3/d)

Paradip refinery, is the 11th refinery being set up by Indian Oil Corporation in Jagatsinghpur town in the state of Odisha. The installed capacity of refinery will be 15 MMTPA.

History

Indian Oil Corporation Limited announced in March, 2006 that it is going to set up a refinery and petrochemical complex in the state of Odisha. Initially the production capacity was stated to be 9 MMTPA which was augmented to 15 MMTPA later on.[1] It was announced that the plant will produce polymers like paraxylene, polypropylene and styrene in addition to the commissioning of a pipeline from refinery to Ranchi. IOCL had acquired a land area of 3,000 acres for the petrochemical complex.[2] Atal Behari Vajpayee (10th PM of India) laid the foundation stone of the refinery in May, 2000.[3][4]

Commissioning

The refinery is expected to start production in the third quarter of 2013.[5] Due to delays the cost of refinery project has increased by 2.5%.[6]

The refinery will cost Rs 29,777 crore and can process dirty and heavy crude oil from Latin America.[7]

State Support

Odisha Government has announced nil sales tax on the refinery products for the period of 11 years.

References

  1. ↑ "Policies Programmes and Initiatives". Press Information Bureau. Retrieved 30 September 2012.
  2. ↑ "INDIANOIL BOARD NOD FOR REFINERY-CUM-PETROCHEMICALS COMPLEX AT PARADIP". Hindustan Times  – via HighBeam Research (subscription required) . March 30, 2006. Retrieved 24 January 2013.
  3. ↑ "PM lays refinery stone". The Tribune (The Tribune). 24 May 2000. Retrieved 13 December 2012.
  4. ↑ "Odisha: Indian Oil to complete Paradip refinery project work by March 13". orissadiary.com. Retrieved 13 December 2012.
  5. ↑ "Paradip Refinery likely to be ready by November 2013". newstrackindia.com. Retrieved March 20, 2013.
  6. ↑ "IOCL confident to start Paradip refinery by Oct-Dec 2013". Business Standard. 4 October 2012. Retrieved 24 January 2013.
  7. ↑

External links