{"id":432859,"date":"2021-08-28T12:40:28","date_gmt":"2021-08-28T07:10:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432859"},"modified":"2021-08-28T12:40:47","modified_gmt":"2021-08-28T07:10:47","slug":"indian-oil-to-invest-rs-1-lakh-crore-in-next-4-5-years-to-boost-refining-capacity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-to-invest-rs-1-lakh-crore-in-next-4-5-years-to-boost-refining-capacity\/","title":{"rendered":"Indian Oil to invest Rs 1 lakh crore in next 4-5 years to boost refining capacity"},"content":{"rendered":"<p>The company\u2019s board had in June sanctioned the initial approval for setting up India\u2019s first-ever \u201cStyrene Monomer Project\u201d at an estimated cost of Rs 4,495 crore. The project, with a capacity of 387 thousand metric tonne per annum, will be located in the company\u2019s Panipat refinery and petrochemical complex, and will utilise the ethylene to be produced in the refinery\u2019s upcoming INDMAX Unit. The INDMAX unit is being built under the refinery\u2019s Rs 32,946-crore expansion programme.<\/p>\n<p>Exploring alternative energy options, IOC is working on solutions around compressed natural gas (CNG), liquefied natural gas, hydrogen-CNG, biofuels, hydrogen and e-mobility, Vaidya said, addressing the company\u2019s 62nd annual general meeting on Friday. \u201cOur focus will be on green energy to power new projects and refinery expansions,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company\u2019s board had in June sanctioned the initial approval for setting up India\u2019s first-ever \u201cStyrene Monomer Project\u201d at an estimated cost of Rs 4,495 crore. The project, with a capacity of 387 thousand metric tonne per annum, will be located in the company\u2019s Panipat refinery and petrochemical complex, and will utilise the ethylene to be produced in the refinery\u2019s upcoming INDMAX Unit. The INDMAX unit is being built under the refinery\u2019s Rs 32,946-crore expansion programme. Exploring alternative energy options, IOC is working on solutions around compressed natural gas (CNG), liquefied natural gas, hydrogen-CNG, biofuels, hydrogen and e-mobility, Vaidya said, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-432859","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=432859"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432859\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}