LN Mittal-HPCL JV mulls location of US$6 bln greenfield refinery cum petrochemical project in SEZ

02-Jan-08
The consortium led by the LN Mittal-HPCL combine is considering locating its US$6 bln greenfield refinery-cum-petrochemical project in a special economic zone (SEZ). This venue for the complex is being favoured instead of the original location at the proposed petroleum, chemicals and petro-chemicals region (PCPIR) in Vizag. French oil major Total, GAIL and Oil India are other partners in the consortium. The five partners have set up a working group to deliberate on various aspects of this proposed complex. Consortium has decided to utilise the in house expertise along with global exposure of Total in the sector for carrying out preliminary studies for the refinery configuration. The petrochemical complex is expected to have 15 mln tpa of crude processing capacity. The unit is also stated to produce around 1 mln tons of olefins and other petrochemicals.
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