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Reliance shuts key refining unit after leak
New Delhi, Oct 21: India`s sole private refiner, Reliance Industries Ltd, said on Tuesday it had shut a fluidised catalytic cracking unit (FCC) at its 620,000 barrels-per-day Jamnagar refinery following a leak.
New Delhi, Oct 21: India's sole private refiner, Reliance Industries Ltd, said on Tuesday it had shut a fluidised catalytic cracking unit (FCC) at its 620,000 barrels-per-day Jamnagar refinery following a leak.
The company's Web site says the FCC, which converts gas oil into higher value products such as gasoline and naphtha, is the biggest of its kind in the world.
Bombay-listed Reliance, which exports about 25 percent of its output, said all other units at the country's biggest single refinery were operating normally.
The company sells about 17 million tonnes of products out of total output of 31 million tonnes to state-run oil firms, which have a network of gas stations throughout the country.
It also supplies liquefied petroleum gases to state companies. It uses some products for feedstocks into its own petrochemical units and exports the rest. The FCC unit was expected to resume production in two weeks, the company said in a stock exchange statement.
"The shut down of the FCC section is not expected to have any material adverse impact on the company's performance," it said.
An industry source said Reliance had sufficient inventory to ensure that exports and domestic sales were not hit by the shutdown, which happened on Monday.
The Jamnagar refinery accounts for about one-quarter of India's total refining capacity of 2.3 million bpd. It processed 2.84 million tonnes of crude oil in August, equivalent to 669,000 bpd, against 2.62 million tonnes in the same month last year.
Indian refineries often run plants above so-called nameplate capacity.
The company sells about 17 million tonnes of products out of total output of 31 million tonnes to state-run oil firms, which have a network of gas stations throughout the country.
It also supplies liquefied petroleum gases to state companies. It uses some products for feedstocks into its own petrochemical units and exports the rest. Bureau Report
Bombay-listed Reliance, which exports about 25 percent of its output, said all other units at the country's biggest single refinery were operating normally.
The company sells about 17 million tonnes of products out of total output of 31 million tonnes to state-run oil firms, which have a network of gas stations throughout the country.
It also supplies liquefied petroleum gases to state companies. It uses some products for feedstocks into its own petrochemical units and exports the rest. The FCC unit was expected to resume production in two weeks, the company said in a stock exchange statement.
"The shut down of the FCC section is not expected to have any material adverse impact on the company's performance," it said.
An industry source said Reliance had sufficient inventory to ensure that exports and domestic sales were not hit by the shutdown, which happened on Monday.
The Jamnagar refinery accounts for about one-quarter of India's total refining capacity of 2.3 million bpd. It processed 2.84 million tonnes of crude oil in August, equivalent to 669,000 bpd, against 2.62 million tonnes in the same month last year.
Indian refineries often run plants above so-called nameplate capacity.
The company sells about 17 million tonnes of products out of total output of 31 million tonnes to state-run oil firms, which have a network of gas stations throughout the country.
It also supplies liquefied petroleum gases to state companies. It uses some products for feedstocks into its own petrochemical units and exports the rest. Bureau Report