Indian Oil to spend Rs 1,000 crore to double base-oil production from Haldia refinery


Indian Oil to spend Rs 1,000 crore to double base-oil production from Haldia refinery

Indian Oil Corporation (IOC), the country’s largest fuel retailer, plans to double its base-oil production from Haldia refinery in West Bengal by adding a new 270 Thousand Tonne Per Annum (TMTPA) Catalytic Dewaxing Unit (CDU) at a cost of Rs 1,085 crore, the company said in an application to the environment ministry.

“The proposed new plant, which is expected to run on neat-hydrocracked residuum in conjunction with the existing cat-dewaxing plant, should be able to increase the base oil production ex refinery by around 100 per cent,” IOC said. Base-oil is a name given to the lubricant grade oil initially produced from refining crude oil or through chemical synthesis.

The availability of a hydrocracker unit and the upcoming coker block has led to substantial potential in the refinery for augmenting the base oil production volume by setting up a new base oil production facility, the company said. Read More

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