TOYO awarded refinery plant project in India
Published by Bella Weetch,
Editorial Assistant
Hydrocarbon Engineering,
Toyo Engineering India Private Ltd (Toyo-India, Managing Director Yukihiro Akimoto), a wholly-owned subsidiary of Toyo Engineering Corporation (Toyo-Japan), has been awarded a contract by Indian Oil Corp. Ltd (IOCL) for the Engineering, Procurement, Construction and Commissioning (EPCC) of a new 2.5 million tpy vacuum distillation unit (VDU) planned by IOCL in Vadodara, Gujarat, Western India.
IOCL is the largest public sector undertaking governed by the Ministry of Petroleum and Natural Gas (Govt. of India), and Gujarat refinery is one of India's largest oil refineries. The refinery is currently planning to expand its existing refinery from 13.7 million tpy to 18 million tpy. The total investment in this expansion project is more than 300 billion yen, aiming for more efficient refinery operation and high-value-added product production. This project is expected to be completed in 1H24.
Toyo-India is currently implementing projects at the Paradip and Barauni refineries for IOCL. This is the second consecutive order for IOCL, following the vacuum gas oil hydrotreater unit at the Panipat refinery.
In India, which has a vast population and huge middle-class population strata that continues to grow, TOYO is committed to contributing to the economic development of the country.
Read the article online at: https://www.hydrocarbonengineering.com/refining/09082022/toyo-awarded-refinery-plant-project-in-india/
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