MRPL to focus on developing petrochemicals hub in vicinity of existing refinery

03-Nov-07
Rising refinery capacity under construction in India has raised doubts about the feasibility of Mangalore Refinery and Petrochemicals Ltd.'s (MRPL) 15 mln tpa refinery in Mangalore. MRPL, which is 71.62% owned by Oil and Natural Gas Corporation, already operates a 9.69 mtpa refinery at Mangalore, capacity of which is being expanded to 15 mln tpa. The expansion work is likely to be completed by Q1-2011. MRPL could abort plans of the new refinery which was part of its master plan. Instead, MRPL will focus on developing the area around the existing refinery as a petrochemicals hub, with the setting up of aromatics and olefin complexes. The aromatics unit will comprise 9,20,000 tpa paraxylene unit and 1,40,000 tpa benzene unit. A detailed feasibility report for an olefin complex is likely to be commissioned shortly, and estimated to be submitted in six months. ONGC and MRPL have set up a special purpose vehicle - ONGC Mangalore Petrochemical Limited (OMPL) - to develop the petrochemicals hub.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha