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IOC gets nod for implementation of Petrochemical, Lube Integration Project at Gujarat Refinery
Sep-22-2020

Indian Oil Corporation’s (IOC) board has accorded approval for implementation of Petrochemical and Lube Integration Project at IndianOil's Gujarat Refinery at an estimated cost of Rs 17,825 crore. The project will not only increase the capacity of Gujarat Refinery from 13.7 MMTPA to 18 MMTPA, but would also result in integration to petrochemicals with production of 500 KTPA Polypropylene.

In addition, production of Lube Oil Base Stock (LOBS) of 235 KTA is also proposed. The project would be a building block for production of niche chemicals in future with a potential to increase petrochemical and speciality products integration index on incremental crude oil throughput which would enhance the Corporate margins of IndianOil.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

 

 

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