Reliance seeks petcoke from Indian Oil, HPCL, BPCL for $5 billion gasifiers


Reliance seeks petcoke from Indian Oil, HPCL, BPCL for $5 billion gasifiers

Reliance Industries Ltd (RIL) has approached three state-run oil marketing companies to buy petroleum coke (petcoke) from them to fire its $5 billion petcoke gasifiers, according to three officials aware of the development.

RIL operates the world’s biggest refining complex in Jamnagar, Gujarat, where two adjacent plants can process about 1.4 million barrels of oil a day.

It has 10 petcoke gasifiers of which four, in the domestic tariff area (DTA), are already in the ramp-up phase, and the remaining six, in the special economic zone refinery, are likely to be commissioned in the fourth quarter of this fiscal.

“RIL has approached us seeking additional petcoke as RIL’s own petcoke generation capacity will not suffice to meet its gasification needs. We are deliberating on the matter,” a senior official of one of the oil marketing companies said on condition of anonymity. Read More

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