Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



India's HPCL plans new refining complex in Barmer

03.08.2013  | 

The state-run company's board approved an investment of 370 billion rupees ($6.7 billion) to set up a 9-million tpy refinery and petrochemical complex in the northwest town of Barmer. India's demand for hydrocarbons is growing at a rapid pace, driven by industrialization and the automobiles market.

Keywords:

By PRASENJIT BHATTACHARYA

NEW DELHI -- State-run fuel retailer and refiner Hindustan Petroleum Corp. (HPCL) is planning major investments in India's oil and gas sector.

The company's board has approved an investment of 370 billion rupees ($6.7 billion) to set up a 9-million tpy refinery and petrochemical complex in the northwest town of Barmer, the company said in a statement Friday.

HPCL's board sought approval from the government of India to build the plant, which will be located in Rajasthan. The refinery will make use of crude from Rajasthan, HPCL said.

India's demand for hydrocarbons is growing at a rapid pace, driven by industrialization and a fast-growing automobiles market.

The company is also considering setting up a specialized port for handling imported liquefied natural gas.

India's natural gas production hasn't kept pace with demand in industries such as power generation, fertilizers and steel-making, resulting in increasing gas imports.

"We are looking at setting up an LNG terminal. But the proposal is still at a very nascent stage," Bhaswar Mukherjee, director (finance) of HPCL, told The Wall Street Journal.

He said the company's board will consider the proposal, before any decision is made on location of the port or investments required.

India's Hindustan Times on Thursday reported sources that HPCL will enter into an equal joint venture with infrastructure development firm, Shapoorji Pallonji group, to set up a LNG terminal in the coastal state of Gujarat, at an estimated investment of 50 billion rupees.


Dow Jones Newswires



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

kailash bajiya
09.24.2013

Hello sir and madam my name is kailash bajiya i have completd fire and safety dipolma and with 2 year exp. my mobile no 09772659532

AJAY DIXIT
05.01.2013

Its an strategic location and market for distribution. The 1/3 of indian domestic crude is produce here and HPCL shown its proactive to venture out in opportunity.

Dharmendra patel
03.09.2013

Considering geographic location and rapid industrilization growth in the western region of india, this project will become major HC catering facility & revenue contributing too!!!

Dharmendra Patel
Sr.Manager, Cyclohexanone l
GSFC Ltd.,Baroda

Related articles

FEATURED EVENT

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


70%

30%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.