Nayara Energy Expanding its Vadinar Refinery Capacity, Spending Rs 1.3 Lakh Crore on the new polyethylene, polypropylene and aromatics unit.
Nayara Energy is planning to invest Rs 1.3 lakh crore to expand its Vadinar refinery from its current 20 Million Tonne Per Annum (MTPA) capacity to 46 MTPA by introducing additional capacity of 26 MTPA. The company will also add a 10.75 MMTPA petrochemical complex which will mostly produce polyethylene, purified terephthalic acid, polypropylene and Paraxylene. The new project will introduce two new crude grades - Cabinda crude (17.4%) and Escalante crude (5.7%), in addition to the already processed grades. These expansion projects will be tentatively completed by 2024. The total cost of the expansion project is estimated to be Rs 1420 billion and Nayara is planning to employ more than 12,000 workers during the construction phase of the project and about 2,000 persons will be employed during the operation phase.