|Project Details||The Ratnagiri Refinery & Petrochemicals Ltd (RRPCL) is a joint venture between Indian Oil Corp (IOC) (25% stake in project), Hindustan Petroleum (12.5%) and Bharat Petroleum (12.5%). While the three Indian PSU's hold 50% stake in the project, the world’s biggest oil producer, Saudi Arabian Oil Co., or Saudi Aramco (25%) and Abu Dhabi National Oil Co. (Adnoc) (25%), the state-run oil firm of the United Arab Emirates (UAE), jointly own the other half. The capacity of the refinery is 1.2 million barrel-per-day (bpd) and it will be an integrated petrochemical site with a capacity of 18 million tonnes per year. |
Once all the clearances are in, it will at least five to six years for the refinery to commence production. The refinery will include three crude units of 20 million tonnes each and will produce petrol, diesel, LPG, aviation turbine fuel (ATF) and feedstock for making petrochemicals such as plastics, chemicals and textiles.
The project will consist of five huge operations - a refinery plant, a plastic plant, an aromatic plant, a water desalination plant, and a thermal power plant to provide electricity for this mega structure.
The government declared around 16,000 acres of land as an industrial zone for the project in May 2017. Moreover, instead of following the Land Acquisition Act of 2013, the land is being acquired under the Maharashtra Industrial Development Act of 1961.
It claims that it will help create direct and indirect employment for up to 150,000 people, with jobs that pay better than agriculture or fishing.
|Project Area (in hectares)||6070.285|
|Level of Investment (in USD)||44,000,000,000.00|
|Type of Population||Rural|
|Potential Affected Population||3400-4250|
|Company Names or State Enterprises||Indian Oil Corporation Limited (IOCL) from India|
Hindustan Petroleum Corporation Ltd (HPCL) from India
Bharat Petroleum Corporation Limited (BPCL) from India
Saudi Arabian Oil Company (Saudi Aramco) from Saudi Arabia - Earns 25% stake in the project
Abu Dhabi National Oil Company (ADNOC) from United Arab Emirates - Earns 25% stake in the project
Maharashtra Government from India
Ratnagiri Refinery & Petrochemicals Ltd (RRPCL) from India - Owns 50% of the project
National Democratic Alliance (NDA) from India - Supports the project
|Relevant government actors||Dharmendra Pradhan, Petroleum minister |
Expert committee set up for settlement of land acquisition issues:
DM Sukhtankar, former chief secretary of Maharashtra and former urban development secretary with the central government
Dr Vijay Kelkar, chairman of National Institute of Public Finance and Policy and former secretary in the ministries of finance and petroleum
Abhay Pethe, academician and economist
JB Joshi, former-director of Mumbai-based Institute of Chemical Technology
S.B. Kadrekar, former vice-chancellor of Konkan Krishi Vidyapeeth.
|Environmental justice organisations and other supporters||Konkan Vinashkari Prakalp Virodhi Samiti (KVPVS) (translation - Committee for Opposing Destructive Projects in Konkan)|
The Oppostion Congress, NCP and Maharashtra Navnirman Sena, and the ruling ally Shiv Sena in the state are supporting the locals.