India's state run IndianOil Corporation Ltd. (IOCL) expects to commission its 15 mln tpa grassroots refinery-cum-petrochemicals complex at Paradip by 2011-12. For this, infrastructure development continues to be a major focus area, for which several schemes have been initiated with increasing emphasis on project execution in compressed schedules as per world benchmarking standards.
The Rs. 25,646 crore project will help in partly meeting deficit of distillates viz. LPG, Naphtha, MS, Jet/Kero, Diesel and other products, in the eastern part of the country. The complex will generate intermediate petrochemicals feedstock. The Refinery will have, apart from a Crude and Vacuum Distillation Unit, a Hydrocracking Unit, a Delayed Coker Unit and other secondary processing facilities. It will also have an integrated gasification combined cycle plant for production of steam, power and hydrogen from petroleum coke for captive use in the refinery. This will be the most modern refinery in India with nil residue production and the products would meet stringent specifications. Integrated petrochemicals like Paraxylene, Polypropylene and Styrene will be produced at the complex.