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

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.
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