Essar Oil to expand Vadinar refinery in Gujarat
Essar Oil Ltd., a subsidiary of Essar Energy PLC, has announced plans to expand its existing oil refinery at Vadinar near Jamnagar in Gujarat, India.
The facilities has an existing capacity of 20 million tonnes per annum (MTPA). The Vadinar refinery handles diverse range of crude - from sweet to sour and light to heavy crude oil. It produces LPG, naphtha, light diesel oil, aviation turbine fuel (ATF) and kerosene.
The new capacity to be raised by the proposed project has not been disclosed. The total project investment is estimated at Rs60 billion (US$971.2 million).
At the moment, between 35% and 40% of Essar Oil's crude oil requirement at Vadinar refinery comes from West Asia and between 15% and 20% comes from domestic suppliers, while the rest is transported all the way from South America.
The Vadinar Refinery benefits from a fully integrated infrastructure including India's only captive coal-fired power plant (nearing completion) to provide power and process steam, a port, pipelines and tankage, with multi-modal product dispatch facilities through rail, road, and sea, giving it a unique cost advantage.
Country news
-
-
January 21, 2015
Indian scraps tenders for mega power projects
The government of India, through the Power, Coal and Renewable Energy Minister Piyush Goyal, has canceled two 4000MW ultra mega power projects (UMPPs) in Odisha and Tamil Nadu. Read more -
January 22, 2015
ADB loans $100 million to India’s ACME to roll Out 200 MW of solar power
The Asian Development Bank (ADB) is extending loans of up to US$100 million to help India’s pioneering private sector solar power developer, the ACME group, finance badly needed new solar plants. Read more -
January 30, 2015
Welspun Renewables sign MOU to develop renewables projects in Gujar
Welspun Renewables has signed two Memorandum of Understandings (MoUs) for the development of 500 MW Wind & 600 MW Solar capacities with Gujarat Urja Vikas Nigam (GUVNL), an electrical services umbrella company in the state of Gujarat, India. Read more -
February 20, 2015
Actis commits $230million to build Indian renewable energy platform
Actis, a private equity firm headquartered in the London, is committing US$230 million to build an Indian renewable energy platform, Ostro Energy. Read more -
March 03, 2015
Hinduja Group scouts for partners for renewable energy business
The U$25-billion UK-based Hinduja Group has announced plans to set up a joint venture (JV) to enter in the renewable energy sector in India. Read more
