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Another proposal by IOCL, to set up 1.2 MMTPA capacity of PX-PTA (Purified Terephthalic Acid Complex) with an investment of Rs 9,136 crore in its existing Paradip refinery, employing around 3,200 people, has been approved in the meeting.
Phase 1 of the project features a 400,000 bpd refinery with a 1.4 mmtpa ethylene cracker unit and a 5.2 mmtpa aromatics unit.
But there could be a worse scenario for the gas market: a major economic downturn happening in 2020 or 2021, just after 60-100 mmtpa of LNG has taken FID.
The former Magnetation, LLC assets owned by ERP Iron Ore, LLC will be integrated into the Mesabi operations providing an additional 3.0 mmtpa of pellet production through ERPI's Indiana Metso pellet plant.
Essar Projects has the requisite experience in refinery projects having previously executed a world-scale grass-roots refinery at Vadinar, Gujarat, with an initial capacity of 10 MMTPA, which was gradually expanded to 14 MMTPA and then 20 MMTPA.
The plants are in Zambia (1.5 million metric tonnes per annual (mmtpa); Tanzania (1.5 mmtpa); South Africa (3mmtpa); Republic of Congo (1.5mmtpa) and Gabon (1.5mmtpa).
The project has the potential to expand its capacity up to approximately 50 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) in the future.
"Realizing the need for long term sustenance and growth, NRL has planned for expansion of refining capacity from 3.0 MMTPA to 8.0/9.0 MMTPA together with the option of sourcing and transporting the additional crude oil through a pipeline."
Just last week Essar Oil completed its Refinery Optimisation Projectfour months ahead of schedule, taking the capacity of Vadinarrefinery to 20 MMTPA or 405,000 barrels per day, making it India's second largest single location refinery.In March, Essar Oil completed the Refinery Expansion Project to raise its nameplate capacity to 18MMTPA from 10.5 MMTPA, and complexity to 11.8.
Global Banking News-July 20, 2011--Essar Ports Ltd commissions 12 MMTPA capacity expansion at Vadinar to 58 MMTPA for Rs.1065 crores(C)2011 ENPublishing - http://www.enpublishing.co.uk
HPCL, a GoI undertaking, has a combined refining capacity of 14 million tonnes per annum (mmtpa) with two refineries -- one on the west coast of India, in Mumbai, and another on the east coast, in Visakhapatnam.
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- MMT Observatory
- MMTC Transnational Pte Limited
- MMU Motorsports and Recreational Club