News Release Details
Director (Refineries) inaugurates Fire Training Ground and Piling Jobs of Blast-proof Wall at Haldia Refinery
New Delhi 03-Jul-2007
“Innovative out-of-box thinking and mindset are elemental musts for completion and commissioning of projects before time,” said Mr. B N Bankapur, Director (Refineries), while addressing the IOCians at Haldia Refinery on June 29, 2007. On his arrival at the Refinery, Mr. Bankapur was accorded a warm welcome by Mr. R K Ghosh, ED (Haldia Refinery), and other IOCians. During the plant visit, he candidly interacted with the IOCians at various locations and control rooms. While reviewing the performance of Haldia Refinery, Mr. Bankapur highlighted on international oil scenario and said, “To remain competitive, we must put all our efforts to reduce the operating costs, process cheap heavy crude and improve distillate yield to enhance Gross Refining Margins (GRM).” He emphasised on highly cost-effective production process and high quality products to remain ahead of the competition. “At IndianOil, we must focus on export volumes and compete with international players,” he observed. He elaborated on IndianOil’s plans to enhance refining capacity up to 80 MMTPA by 2010-11. Speaking on the significance of the Once-through Hydrocracker (OHCU) project for the future prospects and capacity augmentation at Haldia Refinery, Mr. Bankapur urged, “You must put all your energy to implement the Hydrocracker Project within stipulated time and cost as it will play major role in improving High Speed Diesel (HSD) quality and enhancing distillate yield and crude processing capacity of the refinery from existing 6 MMTPA to 7.5 MMTPA.” He further said that a grassroots Delayed Coking Unit would be installed in the HFC land to be allotted to the Haldia Refinery “for improving distillate yield and GRM to be more competitive in the changing market scenario”. Mr. Bankapur also said, “IndianOil is looking at setting up a Paraxylene Plant at Haldia Refinery as part of the corporate initiative in forward integration into petrochemicals.” He highlighted IndianOil’s MoU with the Govt. of West Bengal to explore the possibility of setting up a Petroleum, Chemical & Petrochemicals Investment Region (PCPIR) at Haldia. Emphasising the need to enhance the product exports from Haldia Refinery, he said, “Haldia has a wide scope for exporting the products due to its locational advantage, which it should harness for enhancing profitability. Mr. Bankapur inaugurated the Piling Jobs of Blast-proof Wall in Hydrogen Storage Area of the Refinery for ensuring highest standards of safety. Later he inaugurated the Fire Training Ground at Haldia Refinery and keenly observed the various safety demonstrations. Speaking on the occasion, he remarked, “Safety at workplace is of paramount importance and we must prioritise safety in every area of our operation. Individually and collectively, we must strive for the best safety practices in operations to avoid loss of human life and interruptions in operation.” He also inaugurated the 6.6KV state-of-the-art HT panels at CPP-I under the decongestion project. The newly commissioned system has been designed to ensure highest reliability of electrical systems.
New Delhi 03-Jul-2007
“Innovative out-of-box thinking and mindset are elemental musts for completion and commissioning of projects before time,” said Mr. B N Bankapur, Director (Refineries), while addressing the IOCians at Haldia Refinery on June 29, 2007. On his arrival at the Refinery, Mr. Bankapur was accorded a warm welcome by Mr. R K Ghosh, ED (Haldia Refinery), and other IOCians. During the plant visit, he candidly interacted with the IOCians at various locations and control rooms. While reviewing the performance of Haldia Refinery, Mr. Bankapur highlighted on international oil scenario and said, “To remain competitive, we must put all our efforts to reduce the operating costs, process cheap heavy crude and improve distillate yield to enhance Gross Refining Margins (GRM).” He emphasised on highly cost-effective production process and high quality products to remain ahead of the competition. “At IndianOil, we must focus on export volumes and compete with international players,” he observed. He elaborated on IndianOil’s plans to enhance refining capacity up to 80 MMTPA by 2010-11. Speaking on the significance of the Once-through Hydrocracker (OHCU) project for the future prospects and capacity augmentation at Haldia Refinery, Mr. Bankapur urged, “You must put all your energy to implement the Hydrocracker Project within stipulated time and cost as it will play major role in improving High Speed Diesel (HSD) quality and enhancing distillate yield and crude processing capacity of the refinery from existing 6 MMTPA to 7.5 MMTPA.” He further said that a grassroots Delayed Coking Unit would be installed in the HFC land to be allotted to the Haldia Refinery “for improving distillate yield and GRM to be more competitive in the changing market scenario”. Mr. Bankapur also said, “IndianOil is looking at setting up a Paraxylene Plant at Haldia Refinery as part of the corporate initiative in forward integration into petrochemicals.” He highlighted IndianOil’s MoU with the Govt. of West Bengal to explore the possibility of setting up a Petroleum, Chemical & Petrochemicals Investment Region (PCPIR) at Haldia. Emphasising the need to enhance the product exports from Haldia Refinery, he said, “Haldia has a wide scope for exporting the products due to its locational advantage, which it should harness for enhancing profitability. Mr. Bankapur inaugurated the Piling Jobs of Blast-proof Wall in Hydrogen Storage Area of the Refinery for ensuring highest standards of safety. Later he inaugurated the Fire Training Ground at Haldia Refinery and keenly observed the various safety demonstrations. Speaking on the occasion, he remarked, “Safety at workplace is of paramount importance and we must prioritise safety in every area of our operation. Individually and collectively, we must strive for the best safety practices in operations to avoid loss of human life and interruptions in operation.” He also inaugurated the 6.6KV state-of-the-art HT panels at CPP-I under the decongestion project. The newly commissioned system has been designed to ensure highest reliability of electrical systems.