IOC unveils hydrocracker unit

IndianOil Corp. Ltd. (IOC) unveiled a Rs3,000 crore (US$662.54 million) hydrocracker unit in Haldia in the eastern state of West Bengal. The company also upgraded its refinery in Haldia, by adding an additional capacity of 1.5 million metric tons per year (MTPY). The once-through hydrocracker unit (OHCU) will produce diesel fuel that meets Bharat Stage III and IV standards. (December 25, 2010)