Project Profile
Value: US$602-616 milion
Location: Barmer district, Rajasthan, India
Capacity: 9 million tonnes per year
India’s government has officially approved Hindustan Petroleum Corp. Ltd. (HPCL) to set up its proposed refinery and petrochemical complex in Barmer district, Rajasthan. India’s Ministry of Petroleum and Natural Gas approved the project on July 16, 2014. The planned refinery, which will be established in collaboration with the government of the Indian state of Rajasthan, will have a crude processing capacity of 9 million tonnes/year.
The official approval follows a memorandum of understanding for the project previously signed by HPCL and Rajasthan. The complex, which is to be implemented by HPCL Rajasthan Refinery Ltd. (HRRL), a joint venture of HPCL and other equity partners, would use crude produced locally and from elsewhere, making it Rajasthan’s first refinery and India’s first petrochemical plant designed to process indigenous crude. HRRL will be required to import feedstocks only when the complex begins commercial production. Currently, mechanical construction of the project has not started, and India’s central government has yet to provide an exemption in excise duty for the proposed refinery. A timetable for when construction on the complex will begin was not disclosed.
Operators:
HPCL Rajasthan Refinery Ltd. (HRRL): Operator with 100% interest
Hindustan Petroleum Corp. Ltd. (HPCL)