Prime Minister, Narendra Modi, dedicated IndianOil’s 11th refinery at Paradip in the service of the Nation on February 7 in Odisha.
“Paradip Refinery of IndianOil marks the beginning of a new era of development. Following the commissioning of the Refinery, an investment of Rs. 1,00,000 crore will come into the State,” Modi said, adding that Paradip Refinery is the Vikas Deep for Odisha.
Modi especially complimented the Ministry of Petroleum & Natural Gas for initiating a number of new initiatives for the benefit of the citizens. He also emphasised the need for more production of LPG in order to reach the clean fuel to millions of Indian households–taking care of women who still work in the kitchen under the smoke of firewood. We want to reach out to every household with LPG, with the INDMAX at Paradip Refinery, we will be closer to this goal, he said.”
Chief Minister of Odisha, Naveen Patnaik said that Paradip Refinery is the pride of Odisha. It is a mark of Odisha’s development.
“This refinery was a dream of many and today the dream is coming true. I am honoured by the presence of the Prime Minister of India, Shri Narendra Modi ji today at IndianOil Paradip refinery,” Dharmendra Pradhan, MoS for Petroleum & Natural Gas said in his welcome address.
“I am also honoured by the presence of our guests from Sri Lanka and Bangladesh,” he said, adding that Paradip Refinery would try to enrich the Eastern Province of India, create job opportunities and bring about a transformation in the State of Odisha.
A note on IOC’s Paradip Refinery: Paradip refinery is IOC’s 11th Refinery (coming up at Paradip in Odisha). This refinery will help in meeting the burgeoning energy demands of the country. For better profitability, the refinery has been designed to process 100% high sulphur, including 40% heavy crude oil of low cost to produce various petroleum products like Petrol, diesel, kerosene, Aviation Turbine fuel, Propylene, Sulphur and Petroleum Coke..
Presently, Paradip Refinery will produce Motor Spirit and High Speed Diesel of BS-IV quality and later will switch to BS-VI quality to comply with the Auto Fuel Policy of the Government of India. The refinery is also designed to produce Euro-V premium quality Motor Spirit and other green auto fuel variants for export to advanced countries. Paradip Refinery has a unique INDMAX Unit technology, which is indigenously been developed by Indian Oil’s R&D Centre. The INDMAX Unit is designed to produce 44% LPG, the highest from such plants.