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08-08-2022

TOYO awarded refinery plant project at Panipat

Toyo Engineering India Private Limited, a wholly owned subsidiary of Toyo Engineering Corporation, has been awarded a contract by Indian Oil Corporation Limited for the Engineering, Procurement, Construction and Commissioning of a 3.6 MMTPA Vacuum Gas Oil Hydrotreater Unit at Panipat in the state of Haryana in India.

IOCL is a largest Public Sector Undertaking governed by the Ministry of Petroleum and Natural Gas, and plans to expand its existing refinery from 15 MMTPA to 25 MMTPA. The total investment in this expansion project is over 400 billion yen. This VGO-HDT is scheduled to be completed in the second half of 2024.

Toyo-India is currently implementing projects at the Paradip and Barauni Refineries for IOCL. In India, which has a vast population and huge middle-class population strata that continues to grow, TOYO is committed to contributing to the economic development of the country.

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