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MRPL board recommends Rs 12,800 cr investment plan

Our Bureau

Mumbai , Feb. 15

THE Mangalore Refinery and Petrochemicals Ltd (MRPL) board that met here on Wednesday has recommended to Oil and Natural Gas Corporation a capital expenditure plan of Rs 12,800 crore for its integrated refinery upgrade project.

The project, to be completed in three-and a-half years, will make MRPL the single largest PSU refinery investment at a single location. An MRPL release said that the project, on commissioning, will significantly enhance value-addition in refinery product slate. The distillate yield will improve by about 11 per cent to 83 per cent on crude, it said. The new refinery configuration will also allow processing of higher proportion of sour and heavy crudes.

The project envisages production of new high value products such as propylene, paraxylene and Euro III/Euro IV compliant gasoline and diesel. The estimated annual production of propylene and paraxylene will be 3,00,000 tonnes and 9,00,000 tonnes respectively. Production of paraxylene, a feedstock of PTA, is envisaged in a standalone aromatic complex with naphtha feedstock from the refinery, the release said. The project also envisages the setting up of a 2,50,000-tonnes-a-year lube oil base stock production facility.

The aromatics complex will be set up inside the Mangalore SEZ, to be jointly set up by ONGC, the Kanara Chamber of Commerce and Industry and IL&FS.

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