Chennai Petroleum Corporation (CPCL), a subsidiary of Indian Oil Corporation (IOC) has received environment clearance for its Rs 3,350-crore expansion project at the Manali refinery. The company will expand coker unit (2.2 million tonnes per annum) and a sulfur recovery unit at the Manali Refinery Complex under the said project.
The company is targeting to capitalize on the refinery margins at least by $1 a barrel. It will produce more high value distillates and enable the company to process more of the cheaper high-sulphurous crude.
