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Ratnagiri Refinery Could be on the Move Again

3/11/2021

The large $44 billion Ratnagiri Refinery project under planning in India has once again been discussed as a candidate for moving its potential location, this time away from the Nanar village in the Ratnagiri district.

Maharashtra Chief Minister Uddhav Thackeray stated definitively on March 10^th that this project would not be placed in the Ratnagiri district, and that an alternative site has already been chose, with consent given by the local people. That site location has not been made public at this writing. This stance from Mr. Thackeray comes days after Maharashtra Navnirman Sena chief Raj Thackeray requested that the project not be shifted out of Nanar.

This project has been under discussion previously for moves since it was first proposed in 2015 as a joint venture of IOC, BPCL, HPCL, and Saudi Aramco titled The Ratnagiri Refinery & Petrochemicals Ltd. (RRPCL) JV. The partners still hope to start up in 2025, but that is a tight window for a project of this size. RRPCL has previously described this complex to be capable of 1.2 million barrels a day of processing capacity for Euro-VI fuels and aviation fuels with an eventual petrochemical component of over 50 units.