Union Minister for Petroleum and Natural Gas Hardeep Singh Puri launching Mangalore Refinery and Petrochemicals Ltd. toluene product in Mangaluru on Saturday, January 11.
| Photo Credit: SPECIAL ARRANGEMENT
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri launched Mangalore Refinery and Petrochemicals Ltd. toluene product during his visit to the refinery on Saturday.
The Minister also engaged in discussions with MRPL’s senior officials. With an annual production capacity of 40 thousand metric tonnes, toluene exemplifies India’s progress towards self-reliance and global competitiveness in the petrochemical sector, a release stated.
Toluene, a versatile aromatic hydrocarbon, plays a vital role in industries such as pharmaceuticals, chemicals, paints, and defence. India’s annual demand for Toluene stands at about 650 TMT, but domestic production currently is about 160 TMT. MRPL’s addition of 40 TMT per year will help bridge the gap, contributing to significant foreign exchange savings of approximately $3 million.
The initiative represents a major stride in reducing India’s dependency on imports while bolstering industrial and economic growth, in line with the vision of Atmanirbhar Bharat, MRPL said.
Published – January 11, 2025 09:58 pm IST