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IOCL to invest ₹17,000 crore in Gujarat refinery for petchem, lube integration
Country’s largest oil marketing company Indian Oil Corporation will invest Rs. 17,825 crore to implement Petrochemical and Lube Integration at its Gujarat Refinery.
IOC, country’s second largest player in petrochemicals segment, is expanding its petrochemicals capacity by more than 70% from its present 3.2 million tonnes a year.
“The integration of Polypropylene and Lube Oil Base Stock (LOBS) units will enhance the petrochemical and specialty products integration index of Gujarat Refinery,” said Shrikant M Vaidya, Chairman, IOCL at the company’s 61st annual general meeting.
Petrochemical is a lucrative opportunity for energy companies in India as the per capita consumption still remains very low. With the segment expected to picking up pace, oil marketing companies are expanding in this segment.
IOCL, which is investing ₹26,233 crore this fiscal, plans to focus on entry into new petrochemicals segments like polyester filament yarn, polyester staple fibre, polybutadiene rubber and ammonium thiosulphate along the COTC value-chain.
“Extensive research is also going on to back-integrate our own products like petcoke and polymers for deployment in fuel cells,” said Vaidya adding that with refineries presenting a very attractive case for acting as Hydrogen production and supply centres, IOCL is looking forward to pioneering the deployment of fuel cell technology in the country.
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Haryana
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.
The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.
Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.
With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.
The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.
Weather and AQI predictions in Delhi for next 7 days:
Date Temperature Sky October 23, 2024 32.93 °C Sky is clear October 24, 2024 32.69 °C Sky is clear October 25, 2024 32.5 °C Sky is clear October 26, 2024 32.07 °C Sky is clear October 27, 2024 30.69 °C Sky is clear October 28, 2024 31.29 °C Sky is clear October 29, 2024 32.09 °C Sky is clear
Weather in other cities on October 22, 2024
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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
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