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Indian Oil eager to modify Haldia refinery into petrochemicals complex
IOC plans to build a petrochemicals complex adjacent to the Haldia refinery, which has an annual capacity of 8.5 million tonne (mtpa).
In order to build the petrochemicals complex, IOC has asked Haldia Fertilizer Corporation (HFC), whose factory is now idle, for land.
IOC has asked HFC for 175 acre of land. It is close to the refinery and was leased to the Ministry of Chemicals and Fertilizers by Haldia Dock Complex (HDC). The land for the petrochemicals project is what we are looking for.
IOC's Paradip refinery had been transformed into an area for investing in petroleum, chemicals, and petrochemicals.
With a 15 mtpa capacity, the Paradip refinery is surrounded by various petrochemical facilities. The Paradip operations benefit from higher profitability margins as a result. The IOC aims to duplicate this at Haldia as well.
The amount of feedstock, which is naphtha from the refinery, determines a petrochemical project's capacity.
Due to the overcrowding at Haldia's refinery complex, the land is also necessary for safety reasons.
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