Oil and Natural Gas Corporation (ONGC) has said that two of its petrochemical projects will begin operations by 2013. Both are joint ventures between ONGC Petro-additions Ltd and ONGC Mangalore Petrochemicals Ltd. Capacity at the Mangalore facility will be increased to 15 million tpy.
A trial run at the Guru Gobind Singh refinery near Phulo Khari was successful and the first consignment of oil hit the Mundra-Bathinda pipeline on 10th August. The facility is a joint venture between HPCL and Mittal. Construction began in 1996.
Hindustan Petroleum Corporation (HPCL) is seeking more land for the construction of a new refinery in the Maharashtra government run area. HPCL has plans to construct a 9 – 15 million tpy facility in the state and will need approximately 4000 hectares of land. It is expected that the land will cost approximately Rs 30 000 crore.
San Miguel Corp (SMC), a Philippine conglomerate is planning on investing US$ 1 billion to upgrade its Malaysia refinery over the next 5 years. SMC originally bought the facility from ExxonMobil for US$ 160 million. The company are looking to increase the facility’s production capacity from 88 000 bpd.
SK Global Chemical Co., a South Korean firm has begun constructing a petrochemical plant on Jurong Island, Singapore. The facility will cost approximately US$ 2.4 billion and is expected to have an output of 4 million tpy of petrochemicals. The facility is expected to be online in 2014.
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