Financial Daily from THE HINDU group of publications
Saturday, Dec 31, 2005
Financial Daily from THE HINDU group of publications Saturday, Dec 31, 2005 |
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Corporate
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New Projects IOC commissions 4th hydrocracker unit at Panipat Refinery Our Bureau
New Delhi , Dec. 30 INDIAN Oil Corporation Ltd (IndianOil) on Friday said that it has successfully commissioned the hydrocracker unit at its Panipat Refinery. This is part of the ongoing refinery expansion project of IndianOil to double capacity from 6 to 12 million tonnes per annum. In a statement issued here, the company said that this is the fourth hydrocracker unit of IndianOil, the other three are operating at Gujarat, Panipat and Mathura refineries. The unit, with 1,700,000 tonnes per annum capacity, is designed for 97 per cent conversion of heavy oil into high value distillates, enabling maximised production of middle distillates in high demand, the company said. The hydrocracker is the third major unit of the Panipat Refinery expansion project to go on stream after the successful commissioning of the hydrogen generation unit in November and diesel hydrotreatment unit last week. According to the company, commissioning activities of other major units of the Rs 4,300-crore refinery expansion project are in full swing.
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