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Naphtha cracker complex to emerge as petrochem hub
22
Sep '08
IndianOil, in its pursuit to add value to its operations has taken many initiatives for diversification. Petrochemicals has been one of the major areas. Accordingly Naphtha Cracker & downstream polymer units are being installed at Panipat, making this complex an integrated Refinery-cum-Petrochemicals Complex.

The Naphtha Cracker Complex is being implemented at an estimated capital investment of Rs. 14,439 crore and is scheduled for commissioning by November 2009. This project aims to utilize the surplus Naphtha available from IndianOil refineries and create valuable polymer products and other key intermediates. This was disclosed by IndianOil's Director (Refineries), Mr. B N Bankapur while interacting with the media at Panipat Refinery.

The Naphtha Cracker complex along with the PX-PTA units will have synergistic impact in the growth of downstream industries for the production of Polyester Staple Fibre (PSF), Polyester Filament Yarn (PFY) and Textiles. Based on the above raw material availability, there will be steady growth of related industries in this region.

Mr. Bankapur also shared that the Naphtha Cracker Project at Panipat has achieved 78% overall progress against the schedule of 77.2% in about two years time and termed it as a good achievement.

Panipat Refinery Additional Expansion Project:
IndianOil is also expanding the Refining Capacity of its Panipat from 12 MMTPA to 15 MMTPA. The Panipat Refinery Additional Expansion Project (P-15) is in progress and is targeted to be completed by December 09. This will ensure better supply of petroleum products to the strategic north-west region of the country.

IndianOil's Panipat Refinery is the most technically advanced Public Sector refinery of lndia today which meets the demand of petroleum products not only in Haryana but also in the entire North-West Region including Punjab, J&K, Himachal, Chandigarh, Uttarakhand states and part of Rajasthan & Delhi.

The original refinery at Panipat with 6 MMTPA capacity was built and commissioned in 1998 at a cost of Rs. 3868 crore. The Refinery doubled its refining capacity from 6 MMTPA to 12 MMTPA in 2006 with the commissioning of its Expansion Project.

Talking about the other major ongoing projects at IndianOil, Director (Refineries), Mr. Bankapur said that in order to ensure meeting product quality requirement of MS/HSD to EURO-III/IV levels, and to process increased quantity of high sulphur crude and improvement in distillate yield, IndianOil is implementing a Resid upgradation project at Gujarat Refinery at a cost of 5,882 crore which is scheduled for completion in January 2010.

Improvement in diesel quality and capacity expansion at Haldia refinery at a cost of Rs. 2,869 crore is under implementation. The project comprises installation of facilities for improvement in Diesel quality and Distillate yield (Hydrocracker) at Haldia and the capacity expansion of the Refinery from 6 MMTPA to 7.5 MMTPA.

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