Indian Oil has announced it plans to invest Rs 4000 crore (US$600 milion) into its 300 000 bpd Odisha refinery. The plant was manufactured to produce Euro IV and Euro V-compliant fuels, and the upgrade follows government’s decision to introduce Euro VI fuels early.
According to Reuters, G.S Singh, Executive Director for Technical Operations, said that the refinery needs to have facilities such as a 'Diesel Hydrotreater and a Hydrogen unit’ in order to be able to produce Euro VI compliant fuels. The plant is expected to be running at full capacity from the fiscal year 2017/2018.
Edited from various sources by Angharad Lock
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