India's HPCL aims at slicing diesel purchase from other firms on output boost
The Hindu
HPCL to cut diesel purchases from other refiners as it commissions 3 mtpa hydrocracker at Vizag refinery. HPCL-Mittal Energy and other refiners such as MRPL, Nayara Energy and RIL supply fuels. Vizag refinery to operate at 13.5 mtpa capacity in FY20-21, full capacity of 15 mtpa in FY21-22. Hydrocracker to operate at 1.5 mtpa in H2 FY20-21, 2.4 mtpa in FY21-22. 5 mtpa LNG terminal to be commissioned in Nov-Dec. Fuel demand expected to recover from this month due to festival season. HPCL has leased 300,000 tonnes of space at Vizag Strategic Petroleum Reserves.
India's Hindustan Petroleum Corp. will cut its diesel purchases from other refiners as it has commissioned a 3 million tonne per annum (mtpa) hydrocracker at its recently-upgraded Vizag refinery, its head of refineries S. Bharathan said on Monday.
State-owned HPCL buys fuels from refiners such as Mangalore Refinery and Petrochemicals, Nayara Energy and Reliance Industries as its domestic sales are higher than the output from its two refineries at Mumbai in western India and Vizag in the southern state of Andhra Pradesh.
It also buys refined fuels from its joint venture company HPCL-Mittal Energy.
Vizag refinery will operate at 13.5 mtpa capacity in the current fiscal year and at full capacity of 15 mtpa in the next fiscal, Mr. Bharathan said.
The 3 mtpa hydrocracker will maximise diesel output and operate at a rate of 1.5 mtpa in the second half of this fiscal year to March, he said adding, that in the next fiscal year the hydrocracker will operate at 2.4 mtpa capacity.
Separately, Pushp Kumar Joshi, chairman of HPCL, said the company hopes to commission a 5 mtpa liquefied natural gas terminal in western India in November-December.
India's fuel demand is expected to recover from this month due to higher demand during the festival season, Joshi said.
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