Essar Oil has decided to expand the capacity of its Vadinar refinery in Gujarat from the present 20 million tonnes to 40 million tonnes per annum (mtpa) in the next five years. It aims to invest about Rs 35,000 crore for this initiative and another Rs 40,000 crore to set up an integrated petrochemical project. The company also has the required land and environment clearance with it.
The entity has commissioned its Vadinar refinery in 2008, increasing its capacity from 10.5 mtpa to 18 mtpa and then to 20 mtpa last year, at a total investment of Rs 24,000 crore. The refinery count for about 10% of the country’s refining capacity.
