Hindustan Petroleum Corporation Limited (HPCL) is pumping in Rs 3,700 crore in its Visakhapatnam Refinery to meet Euro norms and create additional facilities like setting up a single point mooring (SPM) berth at the Visakhapatnam port over the next two years.
HPCL has invested Rs 2,500 crore for the clean fuels project to manufacture Euro-III and IV grade petrol. The project is expected to be commissioned shortly. The company has also invested another Rs 120 crore for setting up a 6,000 tonne mounded storage facility for LPG, which is likely to be commissioned in the next 2 months, at the refinery.
The proposed SPM at the port will entail an investment of Rs 600 crore. On completion, the SPM is likely to bring 270,000 tonne capacity of very large crude carriers at the port.
The refinery is also setting up a diesel hydro treating plant at an outlay of Rs 3,000 crore for de-sulphurisation of high speed diesel to meet the Euro-IV requirement. The project is slated to be ready by end-2011. Meanwhile, a flue gas desulphurisation unit is also being set up with an investment of Rs 100 crore and is to be completed by early 2011.
Source : ProjectsToday
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