IOCL plans to double its refining capacity

Indian Oil Corporation Limited (IOCL) plans to almost double its refining capacity, from the current 80.7 million tonnes (mt) to 150 mt by 2030, to meet the fast expanding energy needs of the country. As part of its interim plans, IOCL will expand refining capacity to 104.55 mt by 2022 at an investment of about Rs 400 billion. Among various expansion projects, the company plans to scale up capacity at the Koyali refinery (Gujarat) by 4.2 mt, Panipat refinery (Haryana) by 5 mt, the Paradip refinery (Odisha) by 5 mt, the Digboi and Bongaigaon refineries (Northeast) by 3 mt and the Mathura (Uttar Pradesh) and Barauni (Bihar) refineries by 3 mt each. A strategy cell has also been set up for preparing roadmaps for future capacity growth.