IOC’s Gujarat refinery to make IMO 2020 fuels by October

Indian Oil Corporation Director for Refineries S M Vaidya has said its Gujarat oil refinery will be ready to produce 700,000 tonnes per year of low-sulphur marine fuel starting in October.

In his address at the Asia Pacific Petroleum Conference, he said IOC’s Haldia refinery will start in December to produce 300,000 tonnes per year of marine fuels that meet the new low-sulphur specifications, Vaidya said during a speech.

Stating that India’s marine fuel demand is about 1 million tonnes per year, he also forecast that India will add 190 million tonnes per year of refining capacity over the next 11 years.

Meanwhile, in a bid to expand its refining capacity and help meet the rising energy demand in India, Indian Oil Corporation Limited (IOCL) is planning to set up a 9 million metrictonnes per annum (mmtpa) greenfield refinery at Nagapattinam in Tamil Nadu. IOC’s subsidiary Chennai Petroleum Corporation Limited (CPCL) will carry out the expansion.

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