+
HPCL seeks plans for Vizag refinery capacity expansion
OIL & GAS

HPCL seeks plans for Vizag refinery capacity expansion

According to its chairman Pushp Joshi, the state-run Hindustan Petroleum Corporation plans to start using its 15 mtpa additional capacity at its Vizag refinery in southern India by the end of June.

He added that the refinery, which had a previous capacity of 8.33 mtpa, is currently commissioning units, and as a result, HPCL's crude imports will increase beginning in April of the following fiscal year.

"Our crude imports will go up as we expand capacity. We will buy from wherever we get at cheaper rates," Joshi told reporters at an event to lunch gas-fuelled boats in the River Ganges.

India, the third-largest oil importer and user in the world, imports more than 80% of its oil requirements. In order to meet the expanding fuel demand in Asia's third-largest economy, Indian refiners are spending billions of dollars upgrading their facilities.

"We market double than what we produce in the refineries so that (expansion) will help HPCL in becoming sufficient in refined products."

Joshi stated that the Vizag refinery's distillate yield will increase due to HPCL's residue upgradation project, which will be completed by the end of this year or in January 2024.

In order to diversify its business, HPCL is constructing a gas import terminal at Chhara in Gujarat's western state of Gujarat and an oil-to-chemical facility connected to its Vizag refinery.

Joshi predicted that the LNG terminal will be ready by the end of March, but that commissioning would take some time because a breakwater and a pipeline for gas evacuation have not yet been constructed.

"We are looking at ways for operating the terminal and have floated a term sheet to import 1.5-2 million tonnes of liquefied natural gas (LNG)," he said.

See also:
FuelBuddy partners with HPCL to enter lubricants market
Bostik Unveils Two New Tape and Label Adhesives in India

According to its chairman Pushp Joshi, the state-run Hindustan Petroleum Corporation plans to start using its 15 mtpa additional capacity at its Vizag refinery in southern India by the end of June. He added that the refinery, which had a previous capacity of 8.33 mtpa, is currently commissioning units, and as a result, HPCL's crude imports will increase beginning in April of the following fiscal year. Our crude imports will go up as we expand capacity. We will buy from wherever we get at cheaper rates, Joshi told reporters at an event to lunch gas-fuelled boats in the River Ganges. India, the third-largest oil importer and user in the world, imports more than 80% of its oil requirements. In order to meet the expanding fuel demand in Asia's third-largest economy, Indian refiners are spending billions of dollars upgrading their facilities. We market double than what we produce in the refineries so that (expansion) will help HPCL in becoming sufficient in refined products. Joshi stated that the Vizag refinery's distillate yield will increase due to HPCL's residue upgradation project, which will be completed by the end of this year or in January 2024. In order to diversify its business, HPCL is constructing a gas import terminal at Chhara in Gujarat's western state of Gujarat and an oil-to-chemical facility connected to its Vizag refinery. Joshi predicted that the LNG terminal will be ready by the end of March, but that commissioning would take some time because a breakwater and a pipeline for gas evacuation have not yet been constructed. We are looking at ways for operating the terminal and have floated a term sheet to import 1.5-2 million tonnes of liquefied natural gas (LNG), he said. See also: FuelBuddy partners with HPCL to enter lubricants marketBostik Unveils Two New Tape and Label Adhesives in India

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code