HPCL to commission Barmer Refinery by January 2025
HPCL [Hindustan Petroleum Corporation Ltd] will commission the country's newest oil refinery at Barmer in Rajasthan by January 2025 to help meet rising fuel demand in north India.
The project is a key part of India's target of having an installed capacity to turn 450 million tonnes of crude oil into fuels such as petrol and diesel to meet the energy needs of the country. The current refining capacity of the nation is suppressed under 254 million tonnes.
Per year capacity of refining 9 MT is 76% mechanically completed and the first product will flow in December or January next year. The refinery will be operated at 75% to 80% of the capacity in the first year as various units get commissioned while the full capacity will be reached by 2027.
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The Barmer refinery will also have a petrochemical complex which is being built by a joint venture company HPCL Rajasthan Refinery Ltd [HRRL], where HPCL holds a 74% stake and the Rajasthan government holds the remaining 26%.
HPCL currently operates two refineries at Mumbai and Vizag in Andhra Pradesh. The refinery-cum petrochemical complex will produce BS-VI grade petrol and diesel as well as petrochemical products like polypropylene, butadiene, linear low-density polyethylene [LLDPE], high-density polyethylene [HDPE], benzene, and toluene.
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The refinery-cum petrochemical complex will cost INR 72,937 crore.
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