IOC approves Rs 1,268 cr investment for coker unit at Paradip refinery
The proposed unit will have a CNC production capacity of 56 kilo tpa
The Indian Oil Corporation (IOC) Board has approved an investment of Rs 1,268 crore for setting up a needle coker unit at its Paradip refinery in Odisha.
The proposed unit will have a Calcined Needle Coke (CNC) production capacity of 56 kilo tpa. The estimated project cost is Rs 1,268 crore.
With the production of CNC, IOC will enter this niche product segment for the first time. CNC is used to produce graphite electrodes for deployment in high temperature (2,800 degrees Centigrade) electric arc furnaces of the steel industry.
Presently, the entire needle coke requirement of the country (80-100 kilo tpa) is met through imports. The production of needle coke at the refinery will reduce import dependency and contribute to the vision of 'Atmanirbhar Bharat Abhiyan'. With technological advancements, needle coke is now used to make carbon anode of lithium-ion batteries.
The project can also be replicated at other Indian refineries that process low-sulphur-feed as a margin improvement initiative.