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.
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.
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.