IOC refining capacity to be 80.70 MMT by 2012
New Delhi   04-Sep-2010

IndianOil will raise its refining capacity to 80.70 by 2012. The company is further building up refining capacity by establishing a new refinery and capacity expansions. With the Capacity expansion of 1.5 MMTPA at Haldia and 3 MMTPA at Panipat Refinery getting completed by October 2010, the refining capacity of IndianOil will go upto 54.2 MMTPA and group refining capacity will be 65.7 MMTPA by the end of 2010. Disclosing this Director [Refineries] , BN Banakpur said that IndianOil plans to take the group refining capacity to 80.7 MMT per annum with the commissioning of the Paradip Refinery in 2012 and will continue to be the key player in Refining.

Addressing the IndianOil employees on IndianOil Day Bankapur said that the MS / HSD quality improvement projects at all Refineries have been completed and are producing and supplying Euro-IV grade Motor Spirit and High Speed Diesel. Four projects at Digboi, Haldia, Barauni and Gujarat Refineries have been registered with UNFCCC under the Clean Development Mechanism (CDM) initiative with potential CERs of 56374. We are challenged by stricter environmental norms in terms of emissions of greenhouse gases, climate change issues, growing demand for better product quality, emerging frontier technologies and economies of scale for sustainable development, amongst others, said Bankapur.