Published on January 17, 2017
Mangalore Refinery and Petrochemicals Limited, a subsidiary of ONGC, is planning for a fourth phase expansion with a gigantic investment of Rs 24,000 crore.
Presently the company operates a 15 MMTPA refinery at Mangaluru on the west coast in Karnataka.
The company is planning to expand its refinery capacity to 25 MMTPA, set up facilities for several new products which includes a raw petroleum coke gas complex, synthetic gas complex and value added chemicals such as urea, acetic acid, acryilate among others.
In order to upgrade the facilities to meet new emission standards, MRPL will be investing Rs 1,800 crore and the project will be completed by end of 2019 ahead of the government deadline.
Company needs around 1,000 acres of land for expansion. The state government has issued preliminary notification for acquiring 1,010 acres land at three villages near refinery, said by company official.