Paradip,India: Indian Oil Corp. aims to invest Rs.4,000 crore in upgrading its newest refinery in the eastern part of the country after the central government decided to bring forward by four years the introduction of road vehicle fuels which are compliant with Euro VI emission standards to April 2020, a senior company executive said on Sunday.

Indian Oil to spend Rs4,000 crore on Paradip refinery upgradeThe 300,000 barrels per day refinery, which was commissioned last year, was designed to produce Euro IV and Euro V-compliant fuels. But the government’s decision to bring forward the introduction of Euro VI fuels to combat rising pollution in Asia’s third-largest economy requires installation of some new units and upgrades of existing ones.

The World Health Organisation (WHO) in 2014 said that 13 of the world’s 20 most polluted cities were in India, with New Delhi being the worst.

IOC needs to add facilities like Isomerisation, Diesel Hydrotreater and a Hydrogen units to produce Euro VI compliant fuels at the Paradip refinery in Odisha, G.S. Singh, executive director for technical operations at the refinery, told reporters on a plant visit.

Read full article: Live Mint

By praful

Leave a Reply

Your email address will not be published. Required fields are marked *