IndianOil refineries cross 100% capacity utilization
New Delhi   07-Apr-2010

IndianOil Corporation Ltd (IOC) refineries have achieved overall capacity utilisation at 102 per cent during 2009-10. According to a press release issued by the company here on Tuesday, "This is the third consecutive year of crossing the 100 per cent capacity utilisation mark despite planned revamp/shut downs for implementations of quality up gradation projects in all the refineries.

Mr B.N. Bankapur, Director (Refineries) said IOC refineries have processed 50.7 million tonne of crude in 2009-10.

He also said that in line with Auto Fuel Policy, the MS / HSD quality improvement projects at Panipat, Mathura and Haldia refineries have been completed to switch over to the production and supply of BS-IV grade auto fuels. Implementation of quality improvement projects at other refineries is in full swing and the projects are expected to be completed by June 2010, he added.

Also for the first time, 'Sustainable Development has been included as a parameter in the MoU signed by IndianOil with the Government. Under the Clean Development Mechanism (COM) initiative, two projects at Barauni and Gujarat Refineries registered with UNFCCC during 2009-10 have accrued earnings of 36154 Certified Emission Reductions (CERs).