10-06-2020
IndianOil refineries throughput crosses 80% as products demand increases
The crude oil throughput of IndianOil refineries crossed 80% as on date, with consumption of all petroleum products put together almost doubling in May '20 as compared to April '20 levels.
The Corporation has been able to gradually raise the throughput of its refineries from about 55% of rated capacity in the beginning of May '20 to about 78% by the month end, and 83% as on date. Capacity utilisation of the refineries had dropped to almost 39% in the beginning of Apr.'20.
With Guwahati Refinery coming online after maintenance shutdown, IndianOil refineries are geared to operate at about 90% of their capacities this month, as products demand in the market increases, together with strategic product exports.
While the consumption of all petroleum products put together almost doubled in May '20 compared to April '20 levels, growth of petrol was higher at about 70% and diesel at 59%. Compared to May '19, or the early months of the current year prior to the lockdown, the growth percentage has still to catch up by 24% to 26% for all products. In the case of LPG, with the Corporation rolling out about 25 lakh cylinder refills a day, the average backlog is less than a day.
Along with growing consumption of white oils petrol and diesel (except ATF, which is still lagging at about 24% of normal level), the demand for black oils and specialty products like fuel oil, bitumen, petcoke and sulphur has also shown marked improvement, facilitating increase of refineries throughput.
With the gradual lifting in lockdown restrictions, several downstream industries in the petrochemicals sector have resumed operations from late April '20 and product evacuation from refinery stocks has increased gradually. With increase in demand, IndianOil's Naphtha Cracker at Panipat is now operating at full capacity, along with downstream units for production of polypropylene, HDPE, LLDPE and MEG. The polypropylene plant at Paradip Refinery has also gone online, while the PX/PTA at Panipat and the LAB unit at Koyali Refinery continued to operate during the lockdown.
IndianOil is on track to spend the approved capital expenditure of Rs. 26,143 crore for 2020-21. Work on almost 250 major projects has restarted on ground. Major refinery projects on which work has resumed include capacity expansion at Barauni, including petrochemicals complex; ethylene glycol project at Paradip; expansion of naphtha cracker at Panipat; and IndMax unit at Bongaigaon. Work has also resumed on major pipeline projects, including the Paradip-Hyderabad products pipeline; augmentation of Paradip-Haldia-Durgapur LPG pipeline and its extension to Patna and Muzaffarpur; and the Ennore-Tiruvallur-Bangalore-Pondicherry-Nagapattinam-Madurai-Tuticorin R-LNG pipeline. Pipeline laying and other activities under city gas distribution resumed in 11 Geographical Areas. Work has also restarted on other projects like grassroots LPG bottling plants, upcountry terminals/depots and additional facilities/tankage at existing bulk storage locations.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024