The new Guru Gobind Singh refinery in Pullokari, Bhatinda was announced fully operational on Wednesday 29th March. The plant is owned by HPC-Mittal Energy Ltd and has a production capacity of 180 000 bpd. The facility first came online in August last year at a cost of US$ 4 billion. With the addition of this facility, India’s refining capacity is nearly 4 million bpd.
By December 2015, the Kochi refinery will have under gone expansion work to increase its processing capacity by 63%. Bharat Petroleum Corp. own the facility and will be spending approximately US$ 2.77 billion on the expansion and upgrade work. Once completed the plant will be able to process cheap high sulfur crude and have a processing capacity of 310 000 bpd.
On Friday 30th March, Mangalore Refinery and Petrochemical Ltd announced the completion of all expansion work at its refinery. The plant now has a processing capacity of 15 million tpy. The original refining capacity was just under 12 million tpy.
MRPL has also signed a loan contract with Bank of Baroda, Bank of Tokyo-Mitsubishi UFJ Ltd, Mizuho Financial Group Inc and State Bank of India for money to either expand its Mangalore facility. The loan is thought to be worth US$ 250 million.
On Thursday 29th March, Essar Oil announced the completion of phase 1 of expansion work at its Vadinar refinery. The company spent US$ 1.81 billion on the project which has boosted production to 18 million tpy. The company hope to have production boosted to 20 million tpy by the end of the year.
Edited from various sources by Claira Lloyd
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