A proposed investment into a bitumen-focused joint venture marks a shift toward value-added… – Downstream upcoming Projects, 2 Jun 2025

STRATEGIC BITUMEN PUSH: STATE REFINER EYES ENTRY INTO JV WITH GLOBAL MAJOR

A proposed investment into a bitumen-focused joint venture marks a shift toward value-added downstream playbooks.

Regulatory clearances and DIPAM nod will shape final execution timelines.

FCCU OVERHAUL: MUMBAI REFINERY TO GET NEW PRFCC UNIT IN ?14K+ CR UPGRADE

The board has cleared plans to scrap ageing catalytic units in favor of a next-gen PRFCC system—expected to boost yield, flexibility, and emissions control benchmarks at the urban refinery.

IOC CLEARS Rs. 1,620 CRORE CPCL PLAN: HIGH-GRADE LUBE BASE OIL PROJECT GETS GREEN LIGHT

Chennai Petroleum secures board-level nod to produce Group–II/III LOBS, marking a strategic push into premium lubricant feedstock manufacturing under its parent, Indian Oil.