PM Modi Dedicates Paradip Oil Refinery to the Nation.

 Prime Minister Narendra Modi inaugurated a 15-million tonne per annum Indian Oil Corporation refinery at Paradip in Odisha. The refinery has been dedicated to the nation. It is overall IOC’s 11th refinery to be set up and has installed capacity of 15 million metric tonnes per annum (MMTPA). Government has a target of 10% reduction in oil imports by 2022 with increase in use of bio fuels like ethanol produced from sugarcane and diesel from Jatropha.

Facts and Figures:

The project set up at an investment of Rs.34, 555 crore and spread across 3,300 acres of land, has been designed to process 100 per cent high sulphur including 40 per cent heavy crude of low cost to produce various products such as petrol, diesel, kerosene, aviation turbine fuel, propylene, sulphur and petroleum coke.

It is one of the most modern refineries in the world and is equipped with the latest technology with a complexity factor of 12.2. It is capable of producing Bharat Stage IV (BS IV)/BS V quality transportation fuel to comply with Auto Fuel Policy.

The refinery will manufacture 78 crore kg of LPG, 500 crore litres of petrol, 660 crore litre of diesel, 250 crore litre of kerosene and ATF, 27 lakh quintal of sulphur and 120 lakh qunital of petroleum coke.