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'BOO industrial complex in BPCL largest in India in terms of

Press Trust of India  |  Kochi 

: today said its Build-Own-Operate new industrial complex in the Integrated Refinery Expansion Project of was the largest of its kind in in terms of investment.

"The company has invested several hundred million dollars for the Build-Own-Operate (BOO) project, the largest of its kind in in terms of investment," Richard Boocock, President, (Middle East, India, and Turkey) told a press conference here.

"As one of the fastest growing economies in the world, we are very proud to invest in and want to continue growing our presence and strong relationships in the region as the safest and most innovative company," he said.

The IREP was inagurated today by for Local Self-Government K T Jaleel in the presence of P Thilothaman, for Food and Civil Supplies, and Samir J Serhan, Vice President, besides others.

The Complex, which generates hydrogen, nitrogen, oxygen, and steam, is an invaluable constituent of BPCL's IREP to manufacture auto-fuels complying with Euro-IV/Euro-V specifications, the company said in a release.

It said the IREP would enable increase refining capacity from 190,000 to 310,000 barrels per day, while producing cleaner fuels through upgraded fuel specification.

R Ramachandran, Director, Refineries, BPCL, said the commissioning of IREP in 2017 made Refinery the largest public sector refinery in India and enabled it to manufacture auto-fuels complying with the required Bharat Stage IV (Euro IV) specifications and a greater depth of conversion.

IREP is one of the largest investments has ever witnessed,targeted at enhancing the refining capacity of refinery at a cost of Rs 16,500 crore. With the increased capacity of 15.5 million tonnes, the refinery would transform itself into a most modern industrial complex having global standards, he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 11 2018. 22:45 IST
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