Hindustan Petroleum Corporation Ltd has inked a long-term agreement with HPCL-Mittal Energy Ltd to operate and maintain its newly-commissioned bitumen terminal.
It is to be noted that HMEL is a joint venture between the State-owned HPCL and Mittal Energy Investments Pte Ltd. It runs a nine million tonne per annum (mtpa) capacity refinery at Bathinda in Punjab.
According to a statement from the company, HMEL recently set up a Bitumen Blowing Unit (BBU) of capacity 62.5 TPH or 550 TMTPA of different grades of Bitumen at its Guru Gobind Singh Refinery, Bathinda. For storing, handling and dispatching the product, HMEL has set up a marketing terminal to be handled by HPCL.
HPCL separately has a long-term product off-take agreement with HMEL for its entire production. The company added: “Both agreements put together would give HPCL 550 TMT of Bitumen in the northern region.”
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