15 August 2007 16:30 [Source: ICIS news]
NEW DELHI (ICIS news)--India’s Ministry of Environment and Forests has approved Guru Gobind Singh Refineries Limited (GGSRL’s) proposal to produce two petrochemicals at its 9m tonnes/year refinery at Bhatinda in Punjab state.
A ministry official told ICIS news on Wednesday that the new products covered by the refinery’s revised product-mix are 358,000 tonnes/year of polypropylene (PP), 5000 tonnes/year of hexane and 25,000 tonnes/year of motor turpentine oil.
The refinery would produce 737,000 tonnes/year of liquefied petroleum gas (LPG) compared with 312 tonnes/year proposed earlier.
Similarly, the aviation turbine fuel’s estimated output has been enhanced to 500,000 tonnes/year from 121,000 tonnes/year.
The estimated production of gasoline/petrol has been increased to 1m tonnes/year from 799,000 tonnes/year.
The projected output of naphtha has been scaled down to 396,000 tonnes/year from 544,000 tonnes/year.
The modified configuration of the refinery does not provide for production of fuel oil, which was earlier planned at 257,000 tonnes/year.
It is proposed to increase sulphur recovery to 198,000 tonnes/year from 150,000 tonnes/year mooted originally.
The company is slated to commission the refinery complex in financial year 2010-11 at of Indian rupees(Rs)189bn ($4.6bn).
On 27 July, a consortium of 26 lenders led by State Bank of India (SBI) sanctioned a term loan of Rs78bn for the project.
($1 = Rs40.55)
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