(TH)
Indian Oil Corporation Ltd proposes to ramp up the petrochemical, fuel refining and biofuel manufacturing capacity of its Panipat Refinery. The expansion is a part of revised targets to increase the refining capacity from 15 million tonne per annum to 25 mtpa by 2023-2024 for the refinery.
A company official said: “We are spending ₹3,292 crore to upgrade from producing BS IV grade fuel to BS VI grade fuel. Another ₹765 crore will be spent for setting up a 100-kilo-litre per day 2G ethanol plant that uses rice straw-based biowaste by April 2020.”
According to IndianOil, the company is going to set up a 128-KL per day 3G ethanol project that uses gas fermentation technology from Pressure Swing Adsorption (PSA) off gases (containing CO, H2 and CO2) in Panipat. This project is expected to cost ₹441 crore.
“Approvals are awaited for expanding petrochemical manufacturing capacity with an investment of ₹967 crore. We are also considering setting up projects for domestic manufacturing of catalysts with an investment of ₹217 crore,” the official added.
