Rolling out the canvas for expansion of its operations through downstream integration into petrochemicals, India’s largest Naphtha Cracker plant at Indian Oil’s Panipat Complex was dedicated to the Nation by Union Minister of Petroleum and Natural Gas, S Jaipal Reddy.
Speaking on the occasion Reddy said Naphtha Cracker is commissioned in 46 months, which compares with the Global standard for similar capacity plants and is ahead of average time taken in setting up similar units in India. Also, With the completion of the Petrochemicals Complex in Panipat, IndianOil has crossed a major milestone in realizing its aspiration to emerge as an integrated and diversified company.
The minister said Indian Oil has transformed from being a pure petroleum company to becoming a global energy player with a vision to become a globally admired energy leader as with capacity expansion of 1.5 MMTPA at Haldia and 3 MMTPA at Panipat, the refining capacity of IndianOil has gone up to 54.2 MMTPA and group refining capacity has increased to 65.7 MMTPA – making IndianOil the nation’s No. 1 Refiner.
Reddy expressed the hope that with the commissioning of Grassroots Refinery at Paradip in 2012, the Group Refining capacity will further increase to 80.7 MMTPA and Indian Oil will continue to be the key leader in refining.
Jaipal Reddy also released an IOC publication entitled “Propelling into Petrochemicals for a Brighter Tomorrow” .This book showcases India’s largest Neptha Cracker at Indian Oil Panipat Refinery Complex.
The Petroleum Sector in India is acting as a light-house to development. It provides the true impetus to progress and prosperity. Petroleum and Petrochemicals have been the indicator of growth of nations across the globe.
On this occasion Chief Minister of Haryana, Shri Bhupinder Singh Hooda, Union Minister of Housing & Urban Poverty Alleviation and Culture, Kumari Selja, Minister of State of Petroleum and Natural Gas, R P N Singh and Member of Parliament, Dr. Arvind Sharma along with Member of Legislative Assembly, Haryana, Krishan Lal Panwar and Secretary in the Petroleum and Oil & Gas Ministry S. Sunderasan,and IOC Chairman S.V. Narasimhan were also present.
The Naphtha Cracker Complex built at a cost of Rs.14,439 Crore will provide significant impetus to India’s leading Fortune-500 Company’s ambitious foray into petrochemicals. The naphtha cracker is designed to produce 800,000 TPA of ethylene. The naphtha would be sourced from Indian Oil’s Gujarat Refinery in western India and Panipat and Mathura Refineries in north.
The Naphtha Cracker Unit at Panipat will produce 800 KTA of Ethylene and 600 KTA of Propylene, which will act as feed for downstream polymer units like Polypropylene Unit (600,000 MTPA), Linear Low Density/ High Density Polyethylene Swing Unit (350,000 MTPA), High Density Polyethylene unit (300,000 MTPA) and Mono Ethylene Glycol unit (300,000 MTPA). These polymer products will be used for manufacture of moulded plastic containers/barrels, heavy duty films, stretch wrap films, shopping bags, automobile parts, pipes and sheets, moulded furniture, Yarn & Fibre and many morehousehold & industrial items.
This is a complex project comprising of above mentioned five process units along with other associated Units. To meet the utilities requirement a 239 MW Captive Power Plant; state-of-the-art Effluent Treatment Plant, three cooling towers of 144,000 M3/hr capacity, N2O2 Plant, Water Treatment Plant with capacity 5,600 M3/hr and ultra modern lab facilities for chemical and polymer testing have been set up. The entire Cracker Complex has around 2,925 equipments, 100 storage tanks, and involved around 1,600 KM of piping and 8,000 KM of cable laying. Around 119,000 MT of steel and 220,000 MT of cement have been consumed in the project.
The Panipat Refinery, IndianOil’s seventh and technically advanced Public Sector refinery of lndia is today one of South East Asia’s largest integrated petrochemicals plants. Panipat Refinery meets the demand of petroleum products not only of Haryana but also of the entire North-West Region including Punjab, J&K, Himachal, Chandigarh, Uttaranchal state and part of Rajasthan & Delhi.
The original refinery with 6 MMTPA capacity was built and commissioned in 1998 at a cost of Rs. 3868 crore (which includes Marketing & Pipelines installations). The major secondary processing units of the Refinery include Catalytic Reforming Unit, Once Through Hydrocracker unit, Resid Fluidised Catalytic Cracking unit, Visbreaker unit, Bitumen blowing unit, Sulphur block and associated Auxiliary facilities. In order to improve diesel quality, a Diesel Hydro Desulphurisation Unit (DHDS) was subsequently commissioned in 1999.
Panipat Refinery was built using global technologies from IFP France; Haldor-Topsoe, Denmark; UNOCAL/UOP, USA; and Stone & Webster, USA. It processes indigenous and wide range of imported grades of crude oil. The Refinery caters to the high-consumption demand centres in North-Western India including the States of Haryana, Punjab, J&K, Himachal, Chandigarh, Uttakhand, as well as parts of Rajasthan and Delhi.
Panipat Refinery doubled its refining capacity from 6 MMT/yr to 12 MMT/yr in 2006 with the commissioning of its Expansion Project. With further enhancement of the refining capacity by 3 MMTPA in 2010, the group refining capacity is now 65.7 MMTPA, making IndianOil the nation’s No. 1 Refiner.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.