Chennai Petroleum Corporation is likely to make stronger its bottom line with the implementation of an Rs 3,110-crore resid upgradation project. The project has received environment clearance earlier this year and will be in place by December 2015. The oil refinery, a part of the Indian Oil Corporation has also implemented a 42-inch new pipeline between Chennai Port and the refinery at Manali to the North of Chennai.
The main products of the company are LPG, motor spirit, superior kerosene, aviation turbine fuel, high speed diesel, naphtha, bitumen, lube base stocks, paraffin wax, fuel oil, hexane and petrochemical feed stocks.
