Ioc Poised To Set Up Hydrocracker Unit At Haldia

Indian Oil Corporation (IOC) is ready to set up a Rs 1,450 crore hydrocracker unit to be set up at its Haldia refinery for which German firm Lurgi is preparing a detailed project report.

This is part of the overall Rs 3,500 crore investment that has been earmarked for the state of West Bengal between 1999-2000 and 2002-3, which constitutes an estimated 12 per cent of the total investments planned nationally.

The Rs 3,500 crore would be utilised for augmenting the infrastructure and reseller network in the state.

This includes various projects of the Haldia Refinery, setting up of LPG bottling plants, setting up of Haldia-Barauni crude oil loop line project, LPG import facility at Haldia, provisions of additional tankages and expansion of reseller networks. This was disclosed at a press conference held at Calcutta on Monday by the IOC executive director, eastern region, M C Sachdeva.

Other projects include fluidised catalytic cracker unit (Rs 400 crore), new vacuum distillation unit (Rs 90 crore), catalytic lube ISO-dewaxing unit (Rs 422 crore), residual oil super critical extraction technology (Rs 44 crore) and MS quality improvement project (Rs 176 crore).

Besides, the company has also lined up a Rs 400 crore marketing plan which entails setting up of LPG bottling plants at Raninagar and Malda which will have a capacity of 11 TMTPA at an approximate project cost of Rs 32 crore and Rs 33 crore respectively. The capacity of the Chandannagore plant will have 88 TMTPA and the estimated cost of this plant is Rs 48.50 crore. IOC is also providing LPG import facility at Haldia at a cost of Rs 180 crore. In addition to this, Rs 472 crore Haldia-Barauni crude oil loop pipeline project is under implementation and is expected to be completed by 2002. IOC has also planned the provision of additional tankages at Mourigram, Rajbandh and Budge Budge terminals, terminal automation, fire fighting, HPL related project at a total cost of Rs 45 crore.