Page 15 - AsianOil Week 26 2021

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SOUTH ASIA Styrene is used to produce Poly Styrene, Migas also seeks to implement the Carbon
Paints & Coatings / Acrylic, Unsaturated Capture Utilization and Storage (CCUS)
IndianOil accords Stage-I Polyester Resins, and Elastomers such as program.
The CCUS program is a work method that
Acrylonitrile Butadiene Styrene (ABS),
approval for first-ever Styrene-Butadiene Rubber (SBR) etc. oversees activities ranging from identification
Presently India’s Styrene consumption is
of carbon emission sources, carbon capture
Styrene Project in India around 900 TMTPA, and the demand is in exhaust gases from point sources, carbon
compression, carbon transportation through
expected to increase consistently over the
Today, the IndianOil Board has accorded next 15-20 years. However, there is no pipes or ships, carbon storage in geological
“Stage - 1” approval for implementation of domestic Styrene capacity in India, and the formations through Enhanced Oil Recovery
India’s first-ever “Styrene Monomer Project” entire demand is met through imports from (EOR), to to the use of carbon, including
with a capacity of 387 thousand metric Singapore, Middle East and Southeast Asia, for the production of building materials,
tonnes per annum (TMTPA) at an estimated causing significant inconvenience to the chemicals, plastics, and mineralization.
cost of Rs 4,495 crore, at IndianOil’s Panipat domestic Styrene downstream industry. The “The implementation of the CCUS
Refinery & Petrochemical Complex. This proposed Styrene Project will address this program is part of SKK Migas’ strategic plan
project will strengthen India’s focus to harness issue to a great extent and reduce nation’s to achieve the oil production target of 1
opportunities in the petrochemical sector import dependence substantially. Thus, million BOPD and natural gas of 12 BSCFD
and sync with the Government of India’s considerable forex savings of about Rs. 3650 by 2030,” said the chairman of the Indonesia
“Atmanirbhar Bharat” mission. crore (USD 500 million) per annum is likely Oil & Gas Institute SKK Migas, Luky A.
Earlier in February 2021, the IndianOil to be generated. Yusgiantoro in the Knowledge Sharing
Board approved the Panipat Refinery The project would be commissioned by webinar. The 8th Forum which was held
Expansion Project to enhance its capacity 2026-27. Availability of Styrene domestically on Wednesday (30/6). The discussion was
from the existing 15 MMTPA to 25 MMTPA is expected to accelerate the growth of moderated by SKK Migas Primary Operations
with a CAPEX of Rs 32946 Crore. As part of downstream industry and create employment Specialist, Noezran Azwar.
the Expansion Project, a new high severity opportunities. Luky added, to speed up program
Fluidized Catalytic Cracking Unit (FCCU) of INDIANOIL, June 30, 2021 implementation, SKK Migas is currently
2.5 MMTPA capacity, based on IndianOil’s collaborating with LEMIGAS, the Ministry
flagship INDMAX technology, would be of Energy and Mineral Resources and
set up to maximize LPG production and SOUTHEAST ASIA stakeholders in the upstream oil and gas
manufacture basic petrochemical building sector to formulate ideas and thoughts to
blocks - Propylene and Ethylene. There is SKK Migas discusses CCUS make recommendations to the government
a Propylene potential of around 514 KTA regarding the implementation of the CCUS
of in the project, which would be utilized program program in Indonesia.
for the production of Polypropylene (PP) SKK MIGAS, July 1, 2021
through a new PP unit. The Styrene Project The upstream oil and gas industry continues
aims to utilize the Ethylene potential from to support efforts to reduce carbon emissions. B.Grimm wins approval to
the INDMAX Unit alongside the Benzene One form of activity carried out to reduce
that is already being produced at the Panipat these emissions is through energy efficiency up LNG imports
Complex. activities and tree planting, in addition SKK
Reference is made to B.Grimm Power
Public’s letter dated 27 May 2020 informing
that B.Grimm LNG (a 100% subsidiary of
B.Grimm Power) acquired LNG Shipper
license from the Energy Regulatory
Commission (ERC) in the amount of 650,000
tons per year for supplying the Liquefied
Natural Gas (LNG) to B.Grimm Power’s 5
combined cycle cogeneration power plants
under the replacement scheme after the end of
power purchasing agreements (PPA) in 2022.
On 28 June 2021, B.Grimm LNG Limited
received the letter from the Office of ERC
detailing the ERC’s approval for the additional
volume of LNG import in the amount of
550,000 tons per year with the inclusion of
other 13 industrial power plants of B.Grimm
Power to the customers list.
Therefore, the LNG import quota of
B.Grimm Power group has increased to
1,200,000 tons per year making B.Grimm
Power group one of the largest private
shippers to supply LNG to the industrial
power plants. LNG procurement is part the

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