India’s annual refining capacity would rise by 77 per cent to 439 million tonnes, equivalent to about 8.8 million barrels per day (bpd) by 2030, a government report said, listing expansion
plans of various companies.
Reliance Industries Ltd, operator of the world’s biggest refining complex in Gujarat, aims to expand its overall capacity by 44 per cent to about 2 million bpd by 2030.
The company plans to expand its old refinery that largely caters to domestic markets in two phases to 1.26 million bpd from 660,000 bpd now, the report said.
The existing refining capacity exceeded the fuel demand of 193.74 MT in 2016-17, but the International Energy Agency (IEA) forecast that this demand will reach 458 MT by 2040.
While it has no immediate plans to raise capacity for its 35.2 MT only-for-exports refinery, Reliance Industries’ plans to raise its capacity of its older unit to 63 MT by 2030 from current 33 MT.
Essar is looking to more than double capacity of its Vadinar refinery in Gujarat to 45 MT from current 20 MT.
But the biggest single capacity addition would be when the planned 60 MT a year west coast refinery in Maharashtra comes on stream in 2025, the report said.
State-owned Indian Oil Corp (IOC) plans to raise capacity from 80.7 MT to 116.55 MT with expansions at its Gujarat, Panipat, Paradip and Chennai refineries.
ONGC Group, which now includes Hindustan Petroleum Corp Ltd (HPCL), plans to add about 20 MT to its existing capacity of 42.2 MT while Bharat Petroleum Corp Ltd (BPCL) would raise refining capacity to 56 MT from current 36.5 MT.