IOCL working on BS-VI upgradation norms, will be rolled out soon : Chairman B Ashok
New Delhi   15-Sep-2016

Chairman of Indian Oil Corporation (IOC) today anounced that IOC will upgrade its capacity of Paradip Refinery to 24 Mmt (million metric tonnes) in the next 4-5 years.

Paradip Refinery is IndianOil’s 11th Refinery which is currently operating at 15 MMTPA and was set up at an estimated cost of Rs 34,555 crore. Envisioned as the energy gateway to eastern India, it is located at Paradip in the state of Odisha.

Regarded as the most modern refinery in the country with a complexity factor of 12.2 based on Nelson Index the refinery is configured to process high-sulphur heavy crude oils with major secondary processing units like Fluidised Catalytic Cracker, Delayed Coking Unit (DCU) for coke production, besides Diesel Hydro-treatment and etc.

Some of the wonders that this refinery can deliver:
– Process crude containing 100 percent high grade sulphur
– Apart from normal petrol and diesel, aviation turbine fuel, kerosene, sulphur. coke etc.
– The unit is also designed to produce Euro-V premium quality Motor Spirit and other green auto fuel variants which is exported to advanced countries.

The total capex for FY 17 has been estimated at Rs 15,000 cr. The upgradation work on BS-VI norms are already worked out upon said B. Ashok.