Essar Energy has completed the expansion of its Vadinar refinery in India, including the successful commissioning of the delayed coker unit, which was the final unit to be completed.
The $1.81bn expansion means that Vadinar is now India's second largest single-location refinery, with an annual capacity of 18m metric tonnes per year, or 375,000 barrels per day (bpd), up from 300,000 bpd previously.
The refinery can now process high value products and a greater proporion of lower cost heavy and ultra heavy crude oils.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Naresh Nayyar, Chief Executive Officer of Essar Energy, said: "After starting commercial production at Vadinar just four years ago, we are proud of achieving a size and scale that can match the best in the world. It underlines our commitment to building a world-class, integrated, low-cost energy company that is focused on India's energy growth story."
NR
