Wednesday, March 16, 2016

India - Petroleum Refining - HPCL to invest Rs 45,000 crore by 2020 in refinery expansion, infrastructure - Our Viewpoint: When infrastructure is expanded, historic analysis of existing process units needs to be carried out

Our Viewpoint: Expansion of refinery infrastructure by India's Navaratna company is an encouraging news for the professionals and business houses associated with FEED and EPCC activities. When infrastructure is expanded, historic analysis of existing process units needs to be carried out to choose the inherently safe and cost-efficient design. We do not find any centralised database in documenting the best practices and failures. Corrosion risk assessment is one of the main components to formulate the suitable Life Cycle Costing  for facility rejuvenation and expansion. There will be a significant shift in corrosion behaviour of materials when new process streams are introduced into the old assets or operated under highly complex conditions. It is better to incorporate proven materials, practices and standards in the initial design stage itself. A large pool of Overseas Indian Engineering talent serves many refining and petrochemical complexes outside India. Companies and design houses in India need to open their doors for collaboration with this talent system for seeking its global experience.
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NEW DELHI: State-owned Hindustan Petroleum Corp Ltd (HPCL) plans to invest Rs 45,000 crore by 2020 in expansion of its Mumbai and Visakhapatnam refineries as well as augmenting its marketing infrastructure.

While Rs 21,000 crore would be invested in refining capacity expansion, Rs 9,000 crore would be spent in marketing infrastructure till 2020. A total of Rs 14,000 crore would go into joint venture refinery projects, natural gas business and upstream oil exploration, the company said in an investor presentation.

Article Source: http://economictimes.indiatimes.com/articleshow/51289023.cms
Publication Date: 07 March 2016

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