Essar Oil’s Vadinar refinery recognized as “Refinery of the Year” by PetroFed
Essar Oil’s 20 MMtpy Vadinar refinery received the coveted “Refinery of the Year’’ award by Petroleum Federation of India (PetroFed).
Mrs. Hembala P. Dixit, Joint General Manager-Maintenance at Essar Oil, received PetroFed’s Woman Executive of the Year award. The awards were given by the Secretary, Ministry of Petroleum and Natural Gas, Govt. of India, Mr. K.D. Tripathi.
Mr. Lalit Kumar Gupta, Managing Director & Chief Executive Officer, and Mr C. Manoharan, Director-Refinery, accepted the award at a glittering ceremony in New Delhi on 8 August, 2016. This is the second instance that the refinery has received the award, after having won it for the first time in 2011.
Essar Oil’s Vadinar refinery was conferred with the award based on its performance measured in terms of production and operating efficiency, safety initiatives, improvement in energy consumption, environment protection, environment and occupational safety and health, information technology and initiatives in using advanced technology during the year.
Essar Oil’s Vadinar refinery produces about 9% of India’s refining output. It is also among the world’s most complex refineries that has processed 91 types of crudes, including the dirtiest crudes available. In less than four years since its commissioning in 2008, the refinery capacity was increased from 10.5 MMtpy to 20 MMtpy, while the complexity was enhanced from 6.1 to 11.8. The refinery is capable of producing high quality Euro IV and V grade products. Its safety record is equally impressive—as on 4th August 2016, the refinery has recorded 3,046 (8.2 years) Lost Time Injury (LTI) free days and 2,631 (7 years) fire free days.
Essar Oil recently announced that it will invest in refinery upgrades over the next 2-3 years, after having already performed some upgrades during a planned 28-day shutdown in September-October last year. These upgrades are expected to give a boost of $1.50/bbl crude on Essar Oil’s gross refinery margin—a measure of a refinery’s operational efficiency.
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