HPCL-Mittal Energy Limited
 | |
| Company type | Private |
|---|---|
| Industry | Petroleum |
| Founded | 2007 |
| Headquarters | , |
Area served | India |
| Products |
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| Subsidiaries |
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| Website | www |
HPCL-Mittal Energy Limited (HMEL) is an Indian integrated refining and petrochemical company, with operations spanning crude oil refining and petrochemical manufacturing. It is a public-private partnership between fortune 500 company, Hindustan Petroleum Corporation Limited (HPCL) and Mittal Energy Investments Pte Limited (MEIL), a part of the Lakshmi N. Mittal Group.[2][3] It is headquartered at Noida, Uttar Pradesh and operates the 11.3 MMTPA Guru Gobind Singh Refinery (GGSR) at Bathinda, Punjab.[4]
History[edit]
HPCL-Mittal Energy Limited (HMEL) was formed in 2007 as a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and Mittal Energy Investments Pte Limited (MEIL) Singapore, after approval of the Ministry of Petroleum and Natural Gas.[5][6]
HMEL's Guru Gobind Singh Refinery became operational in February, 2012 and on April 28, 2012, it was dedicated to the Nation by the Former Prime Minister of India, Dr. Manmohan Singh. The Refinery produces Bharat Stage-VI compliant transportation fuels viz, Motor Spirit, High Speed Diesel, Aviation Turbine Fuel, LPG, etc.[7][8]
HMEL's wholly owned subsidiary, HPCL-Mittal Pipelines Limited (HMPL), owns and operates a Single Point Mooring (SPM) for receipt of Crude Oil, Crude Oil Terminal (COT) for storage of Crude Oil and 1017 km cross country pipeline for transportation of the crude from Mundra, Gujarat to the refinery at Bathinda.[9][10]
HMEL has expanded its operations into petrochemicals to produce Polypropylene (PP) and Polyethylene (PE) with and investment of US$3 Billion at Bathinda. The Petrochemical facility includes a Dual Feed Cracker Unit of 1.2 Million MT/annum along with 1.2 MMTPA Polyethylene (PE) and 1.0 MMTPA Polypropylene (PP) Plants.[11]
In 2021, HMEL became the first Indian company to buy Guyanese crude Liza.[12]
In May 2022, HMEL partnered with Gail India for the supply 1 million standard cubic meters per day of gas to its Bathinda refinery in Punjab.[13]
In 2023, HMEL signed an MoU with NTPC Green Energy Ltd. to collaborate for renewable energy and generation of green hydrogen and green chemicals.[14][15]
Awards and recognitions[edit]
- HMEL received a Five Star Rating and the ‘Sword of Honour’ from British Safety Council in 2016 for excellence in the management of health and safety risks at work.[16]
References[edit]
- ^ "HMEL advances Guru Gobind Singh refinery petrochemical project". Oil & Gas Journal. 3 September 2018.
- ^ "HPCL to stop buying diesel from other companies next year | Headlines". Devdiscourse.
- ^ "HMEL to shut Bathinda refinery for 40 days from end-January:". Business Standard.
- ^ "Indian Refiners Start Paying for Oil Imports in Yuan: Report". The Wire.
- ^ "Joint Ventures and Subsidiaries | HPCL". Hindustanpetroleum.
- ^ "HPCL to run bitumen unit at JV refinery in Bathinda". BusinessLine. 21 September 2018.
- ^ "Punjab cabinet nod to loan for Bathinda refinery". Hindustan Times. 9 May 2018.
- ^ "HPCL-Mittal's Bhatinda refinery becomes fully operational". BusinessLine. 29 March 2012.
- ^ "HPCL, Mittal ready $3 billion to set up Bhatinda petrochemical unit - ET EnergyWorld". ETEnergyworld.com.
- ^ "HMEL lets contract for Bathinda refinery". Oil & Gas Journal. 26 June 2017.
- ^ "Hindustan Petroleum Corp enters into a long-term agreement with HMEL". Business Standard.
- ^ "HPCL-Mittal first Indian company to buy Guyanese crude Liza: Report". The Times of India. 24 March 2021.
- ^ "GAIL lays dedicated pipeline for HPCL-Mittal Energy's Bathinda refinery". Moneycontrol. 21 May 2022.
- ^ "NGEL, HMEL join hands to explore opportunities in generation of GH". mint. 19 May 2023.
- ^ "NTPC Green Energy ties up with HPCL Mittal Energy for green hydrogen". Business-standard.
- ^ "British Safety Council's 2016 Sword of Honour and Globe of Honour awards winners announced". EuropaWire.eu.