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Paradip Refinery
Paradip Refinery is an oil refinery set up by Indian Oil Corporation in Paradip town in the state of Odisha. It was commissioned in 2016 with an installed capacity of 15 million tonnes per year. This refinery is spread over approximately 3,345 acres of land and is situated approximately 5 km southwest from the Paradip Port.
The project of this refinery was put forward in 1995 and was approved by the government in 1998. The foundation stone for this refinery was laid by former Prime Minister Atal Bihari Vajpayee in May 2000. The project suffered several delays because of withdrawal of tax and a fall in the oil market. Final approval for this project was given by the board of IOCL in February 2009. The project for this refinery was actually expected to be established by March 2012 and become completely functional by November 2012, but the operation of this project got delayed due to financial limitation, and finally the refinery was inaugurated in February 2016.
Paradip Refinery is IndianOil's 11th Refinery. It was dedicated in the service of the nation by PM Shri Narendra Modi on February 7, 2016. Envisioned as the Energy Gateway to Eastern India, the 15 million tonnes per year Refinery has been set up at an estimated cost of Rs. 52,555 crore.
The refinery expected to start production in the third quarter of 2013. Due to delays the cost of refinery project has increased by 2.5%. It was finally inaugurated by Prime Minister Narendra Modi on February 7, 2016.
The refinery is built at a cost of Rs 34,555 crore and can process dirty and heavy crude oil from Latin America.
This refinery can produce a lot of petroleum products including, petrol, diesel, liquified petroleum gas, aviation turbine fuel, kerosene, sulphur, and petroleum coke.
The refinery sent out its first consignment of products comprising diesel, kerosene, LPG on November 22, 2015.
At present the refinery is fully operational and is producing BS-VI complaint Fuel. A petrochemical complex comprising PP units, ERU-MEG Unit and PX-PTA Units are also coming up under the Petchem Complex
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Paradip Refinery
Paradip Refinery is an oil refinery set up by Indian Oil Corporation in Paradip town in the state of Odisha. It was commissioned in 2016 with an installed capacity of 15 million tonnes per year. This refinery is spread over approximately 3,345 acres of land and is situated approximately 5 km southwest from the Paradip Port.
The project of this refinery was put forward in 1995 and was approved by the government in 1998. The foundation stone for this refinery was laid by former Prime Minister Atal Bihari Vajpayee in May 2000. The project suffered several delays because of withdrawal of tax and a fall in the oil market. Final approval for this project was given by the board of IOCL in February 2009. The project for this refinery was actually expected to be established by March 2012 and become completely functional by November 2012, but the operation of this project got delayed due to financial limitation, and finally the refinery was inaugurated in February 2016.
Paradip Refinery is IndianOil's 11th Refinery. It was dedicated in the service of the nation by PM Shri Narendra Modi on February 7, 2016. Envisioned as the Energy Gateway to Eastern India, the 15 million tonnes per year Refinery has been set up at an estimated cost of Rs. 52,555 crore.
The refinery expected to start production in the third quarter of 2013. Due to delays the cost of refinery project has increased by 2.5%. It was finally inaugurated by Prime Minister Narendra Modi on February 7, 2016.
The refinery is built at a cost of Rs 34,555 crore and can process dirty and heavy crude oil from Latin America.
This refinery can produce a lot of petroleum products including, petrol, diesel, liquified petroleum gas, aviation turbine fuel, kerosene, sulphur, and petroleum coke.
The refinery sent out its first consignment of products comprising diesel, kerosene, LPG on November 22, 2015.
At present the refinery is fully operational and is producing BS-VI complaint Fuel. A petrochemical complex comprising PP units, ERU-MEG Unit and PX-PTA Units are also coming up under the Petchem Complex