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IOC Haldia Ref plans Rs 2,850-cr coker unit FW Tech

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This topic contains 1 reply, has 1 voice, and was last updated by  Charles Randall 10 years, 8 months ago.

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  • #2504

    basil parmesan
    Participant

    Indian Oil plans Rs 2,850-cr coker unit at Haldia Refinery

     
    Oct 10, 2010 – With improved cash flow, Indian Oil is back in the spending mode. According to sources, the company is in an advanced stage of firming up a Rs 2,850-crore proposal for setting up delayed coker project at its Haldia refinery. The proposal may be placed for board approval this month.

    The delayed coker unit would replace production of black oil (also known as furnace oil) and parts of naphtha by petroleum coke, thereby enhancing the distillate yield and gross refining margin of the refinery.

    Board approval

    Sources told Business Line that the company would seek board approval for the project as early as in August.
    It was estimated that the project would improve the distillate yield by 10 percentage points and increase the refining margin of Haldia Refinery by a handsome $1-1.5 a barrel.

    Indian Oil has already identified Foster Wheeler (NASDAQ:FWLT) as the technology licensor. The draft tender document for inviting project management consultancy is ready and will be floated soon after availing the board approval.

  • #5474

    Charles Randall
    Participant

    Here is update on IOC Haldia refinery Coking project using FW Coker Technology. The last update on Haldia refinery was in Mar 2009 after  refinery had completed  an October T/A where it increased crude/refinery capacity by 25% to 80MBD.  
    Regards

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