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India HPCL-Mittal JV Bhatinda Coking Refinery Operational

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This topic contains 1 reply, has 1 voice, and was last updated by  Charles Randall 9 years, 4 months ago.

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  • #1897

    basil parmesan
    Participant

    HPCL-Mittal’s Bhatinda refinery becomes fully operational
    HinduBusinessLine New Delhi, March 29, 2012:
    HPCL-Mittal Energy Ltd (HMEL) has fully operationalised its 9 million tonne a year or 180,000 barrels a day Guru Gobind Singh Refinery (GGSR) at Phullokari, Bhatinda.
    While this will enhance India’s refinery capacity, taking it close to 202 million tonnes or 4 million barrels a day, it will also raise the country’s crude oil import bill. HMEL’s Bhatinda refinery will be the 22nd refinery in the country.
    Built at cost of about $4 billion, the refinery began crude oil processing in August 2011. The entire project was commissioned recently, the company said.
    Commenting on the commissioning, Mr Lakshmi N. Mittal said, “The HPCL-Mittal joint venture has established that public-private-partnership models can succeed.”
    HMEL achieved the first liquid sales in December 2011 with dispatch of kerosene and the first solid sales in February 2012 with sale of petroleum coke. The company has 80 per cent off-take agreement with Hindustan Petroleum Corporation.
    Both the joint venture partners , HPCL and Mittal Energy Investment Pte Ltd, Singapore, which is part of the L N Mittal Group hold 49 per cent each in the company. The rest is held by Indian financial institutions.
    Crude sourcing
    Asked about crude sourcing, sources told Business Line that the company’s portfolio of crude oil imports is diversified across a wide range of geographies. “The basket of crude that the refinery uses is determined through a continuous optimisation process,” the source. The largest source of supply for the country is West Asia.
    Sources said HMEL has the capability to cater to Punjab’s entire fuel needs. Actual sales will, however, evolve through the sponsor and marketer HPCL. Currently, HPCL supplies about 20-22 per cent of the liquid petroleum products in Punjab.
    Whether the company will look at exports or not, would be premature to comment on at this stage, the sources added. HMEL can explore the possibility of exports to Pakistan due to its strategic location.
    Engineers India Ltd was the project management consultant. It was was financed by a consortium of Indian banks led by State Bank of India.
    richam@thehindu.co.in

  • #4669

    Charles Randall
    Participant

    Here is update on HPCL-Mittals JV Bhatinda Coking refinery -says Grassroots refinery is now fully operational. <Note as article mentions sometimes this JV grassroots refinery/coker is also refered to as GGSR = Guru Gobind Singh Oil Refinery at Bathinda Punjab>
    There is not a lot difference from earlier Nov 2011 news about the refineries commissioning – and although it doesn’t mention new coker (CBI-Lummus License) it does verify plants first petcoke solid fuel sales occurred in Feb 2012.
    The 9MM mtpy/180MBD crude HMEL (Hpcl-Mittal) JV Bathinda Coking Refinery was on schedule with its expected operations/commissioning by Mar 31, 2011 however the plant began some crude processing as early as Aug 2011 when crude & vacuum units completed, and was nearly operational by Nov 2011. It was said to be over 92% complete on construction phase in Dec 2010 – which included the 18-25 MBD (0.9MM mtpy capacity) new delayed coking unit.
    The first letter of intent on this refinery was back in Apr 1996 and after over a decade of financial proposals and wrestling with the government over a 15 year tax break (reversed at one point and still in discussion although other competitors have received similar tax breaks). The two parties started construction on the project in Nov 14, 2007 and finshed construction/commissioning in the Aug 2011-Mar 2012 time frame.
    Regards

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