CALS Refineries to set up two projects
PM News Bureau
CALS Refineries Ltd has signed an MoU with Haldia Development
Authority and West Bengal Industrial Development Corporation Ltd for setting two
refineries at Haldia and Nayachar. The refineries, with a total capacity of 20
million tpa, will come up at the proposed site for the petroleum, chemical and
petrochemical investment region (PCPIR) of the state. The refineries will
produce petrol, diesel, LPG, naphtha and propylene.
The project will be developed in three phases at a total investment of Rs 20,000
crore. Phases I and II, entailing 5-million tpa capacity each, will be spread
over 400-500 acres of land in Haldia. Both these phases are estimated to cost Rs
4,000 crore each including cost of land. These projects will be commissioned by
the first quarter and end of 2010, respectively.
Phase-III involves the setting up of a greenfield refinery project at Nayachar
by 2013. This project alone is slated to cost
Rs 12,000 crore.
The refinery project is being implemented with the involvement of international
consultants and contractors like Ventech Engineering and Chemtex of USA, Mott
MacDonald and KBC advanced Technologies of UK, and Lohrmann International of Germany.
[March 24-30, 2008]