Chennai Petroleum Corporation Limited (CPCL)

Sudhee Networks

30 Jul 202202:59

Summary

TLDRChennai Petroleum Corporation Limited (CPCL), established in 1969, has evolved into one of India’s most complex refineries, producing high-value petroleum products. CPCL’s future growth includes a new 9.9 million metric ton per annum refinery in Naga Pattanam, Tamil Nadu, focusing on meeting rising fuel and petrochemical demands. This project will create thousands of jobs, boost local infrastructure, and enhance the region's socio-economic development. With a commitment to sustainability, CPCL plans to utilize energy-efficient technologies and eco-friendly power sources, marking a significant step towards a greener future.

Takeaways

😀 CPCL (Chennai Petroleum Corporation Limited) was commissioned in 1969 to produce fuels and lubricants.
😀 CPCL operates two refineries: one in Chennai and one in Naga Patnam, with a total capacity of 10.5 million metric tons per annum.
😀 The majority stake in CPCL is held by Indian Oil Corporation Limited (IOC).
😀 CPCL is known for its complex refining process and produces various value-added petroleum products.
😀 The company has pioneered several technologies in process optimization, energy conservation, and environmental management.
😀 A new grassroots refinery with a capacity of 9.9 million metric tons per annum is proposed for Naga Patnam to meet growing fuel and petrochemical demands.
😀 The new project is a joint venture with IOC and other financial investors, with about 80% of materials and services sourced indigenously.
😀 The refinery project will create direct employment for 25,000 people during peak periods and 2,700 during the operational phase.
😀 The project will also contribute to the development of ancillary industries, small-scale industries, and socio-economic factors such as skill development and educational facilities.
😀 Key infrastructure elements of the project include a polypropylene unit, captive power generation using natural gas, a desalination plant, and a deep-sea single-point mooring system for crude oil handling.
😀 The final commissioning of the refinery is scheduled for 2024, with a vision to support regional economic development and infrastructure.

Q & A

When was Chennai Petroleum Corporation Limited (CPCL) commissioned?
-CPCL was commissioned in the year 1969.
What are the two refineries owned by CPCL?
-CPCL has two refineries: one in Chennai and one in Naga Patnam.
What is CPCL's current capacity for refining petroleum?
-CPCL has a refining capacity of 10.5 million metric tons per annum.
Who holds the majority stake in CPCL?
-Indian Oil Corporation Limited (IOC) holds the majority stake in CPCL.
What is the focus of CPCL's technological advancements?
-CPCL has pioneered several process optimization technologies, energy conservation methods, and environmental management practices.
What is the proposed new refinery project at Naga Patnam focused on?
-The new grassroot refinery at Naga Patnam aims to meet the growing fuel requirements and produce value-added petrochemicals.
What are the key technologies being utilized in CPCL's new refinery project?
-The new refinery project will utilize indigenously developed technologies like MAX and Optimax from Indian Oil.
What are the employment opportunities associated with the new refinery project?
-The project is expected to generate employment for 25,000 people during the peak construction phase, 2,700 people during operations, and 5,000 people in ancillary industries.
What are some of the socio-economic benefits of the new refinery project?
-The project will contribute to skill development, education facilities, the growth of downstream petrochemical industries, and the development of ancillary and small-scale industries.
How will the new refinery meet its energy and water needs?
-The refinery will meet its power and steam requirements through a captive power generation unit fueled by re-gasified natural gas, while water will be sourced from a desalination plant.