India's GGSRL gets approval for petchem production

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.

 

The company is holding talks with two prospective engineering, procurement and construction (EPC) contractors Fluor of the US and Foster Wheeler of the UK.

 

($1 = Rs40.55)

By: Naresh Minocha
+65 6780 4359

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