CPCL BSVI Fuels In 2019

Chennai Petroleum Corporation Ltd. (CPCL) has announced the supply of BSVI fuels starting September 2019.

- Bhargav TS

A subsidiary of Indian Oil Corporation (IOC), Chennai Petroleum Corporation Ltd. (CPCL) has planned a capex of Rs.1000 crore for various projects, including the development of BSVI fuels. Planning to set up a nine-million tonne refinery at Cauvery Basin, Nagapattinam in Tamil Nadu, at a cost of Rs.27,400 crore, CPCL will use a portion of Rs.1000 crore capex to install a new crude oil pipeline and execute a re-gassified liquefied natural gas project. To meet the demand for cleaner fuel by April 2020, CPCL, along with other oil marketing companies (OMCs) has decided to speed up the process of upgrading its refinery. Announced Sanjiv Singh, Chairman, Indian Oil Corporation (IOC), “To meet Bharat Stage VI (BSVI) emission standards, the process could throw up some challenges. We are however speeding up the process by enhancing our Manali refinery in Chennai and will start supplying BSVI fuels by September 2019.” S N Pandey, Managing Director, CPCL, expressed, “Approval has been obtained for the new projects and preparation of a detailed feasibility report is on. It is expected to be completed by March 2019, and the cost could be plus or minus 30 per cent.” “CPCL might go to the market to raise funds for the new refinery,” he added.