TOYO Awarded Refinery Plant Project in India, Panipat

Source: www.gulfoilandgas.com 8/8/2022, Location: Asia

Toyo Engineering India Private Limited (Toyo-India, Managing Director Yukihiro Akimoto), a wholly owned subsidiary of Toyo Engineering Corporation (Toyo-Japan), has been awarded a contract by Indian Oil Corporation Limited (IOCL) for the Engineering, Procurement, Construction and Commissioning (EPCC) of a 3.6 MMTPA Vacuum Gas Oil Hydrotreater (VGO-HDT) Unit at Panipat in the state of Haryana in India.

IOCL is a largest Public Sector Undertaking governed by the Ministry of Petroleum and Natural Gas (Govt. of India) , and plans to expand its existing refinery from 15 MMTPA to 25 MMTPA. The total investment in this expansion project is over 400 billion yen. This VGO-HDT is scheduled to be completed in the second half of 2024.

Toyo-India is currently implementing projects at the Paradip and Barauni Refineries for IOCL. In India, which has a vast population and huge middle-class population strata that continues to grow, TOYO is committed to contributing to the economic development of the country.

Contract Summary
Client: Indian Oil Corporation Limited (IOCL)
Contractor: Toyo Engineering India Private Limited
Project Site: Panipat, Haryana, India
Facility: Vacuum Gas Oil Hydrotreater Unit (3.6 MMTPA)
Scope: Engineering, Procurement, Construction and Commissioning (on a turnkey basis)
Scheduled Completion: The second half of FY 2024


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