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HPCL Approves Plan for 'Lube Modernization and Bottoms Upgradation'

HPCL has approved the plan for 'Lube Modernization and Bottoms Upgradation' at its Mumbai refinery, estimated to cost Rs 46.79 billion and spread over four years, the company said.

 

The project is expected to ramp up the production of Lube Oil Base Stocks (LOBS) from current 475 KTPA to 764 KTPA, with production of superior grade Group 11+ and Group III LOBS, said HPCL. The modernization would also increase Bitumen production by approximately 487 KTPA, with upgradation of Fuel Oil to Bitumen, HPCL added.

 

Mumbai's Lube Refinery has a capacity of 428 thousand metric tonne per annum (TMTPA), and HPCL has a 40% market share in the lubricants business. The mechanical completion of the upgrade would take 36 months, and it will take HPCL another three months to commission after receiving board's approval.

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