Mangalore Refinery and Petrochemicals Limited (MRPL), the downstream subsidiary of Oil and Natural Gas Corporation (ONGC), plans to invest Rs 31,073 crore to undertake expansion of its flagship 16 Million Tonne Per Annum (MTPA) refinery to 18 MTPA and focus on integration of production streams for petrochemicals like ethylene, propylene and butane, the company said in an application to the environment ministry.
The company said the project is currently facing challenges including processing of heavier and sulphur rich crude, strict environmental regulations, enhanced product specifications for sulphur and aromatics, evolving regional supply and demand dynamics for diesel versus petrol, volatile refining margins, evacuation challenges around petcoke and IMO 2020 specifications, which have necessitated increased capacity and focus on petrochemicals. Read More
Latest posts by ET Energy World (see all)
- Pumping to production: Powering India’s next phase of agrifood - December 12, 2019
- No power crisis in India: R K Singh - December 12, 2019
- Was 2019 a year of cheer for electric vehicle industry in India? - December 12, 2019