Koch Refineries will shortly launched a single buoy mooring and shore tank farm for reducing transportation cost of petroleum crude.Plans are made to modernize the refinery for cost reduction and setting up of facilities for meeting the Euro 3 equivalent product specification.Project is scheduled to be commissioned by September 2009.Environment impact assessment and rapid risk analysis for the project have also been undertaken. The detailed feasibility report for the capacity-expansion -cum-modernization project has been completed.The company is planning to venture into natural gas business. It is also looking at various opportunities in the LNG sector such as City gas distribution and setting up power based on LNG sector such as city gas distribution and setting up power project based on LNG, in order to add value to its customers and improve its margins. Export by the company was close to 10% of its refinery capacity last year. As against 4.84 lakh tonnes worth $94 million in the earlier year it exported 7.67 lakh tonnes products worth $213 million during2004-05.
Posted On : 10/6/2005 12:09:23 PM