CPCL to more than double propylene capacity

30 May 2007 08:52  [Source: ICIS news]

MUMBAI (ICIS news)--India's Chennai Petroleum Corporation Limited (CPCL) is planning to expand its propylene capacity by 40,000-45,000 tonnes/year at its unit in Manali, Tamil Nadu, a source close to the company said.

 

The expansion will take place at the company’s propylene extraction unit which is linked to its fluid catalytic cracker (FCC).

 

It currently has a capacity of 30,000 tonnes/year. This would increase to 70,000-75,000 tonnes/year once the work was completed. 

 

"The estimated cost of expansion is Indian rupees (Rs) 2.3bn ($56.7m) and the additional propylene will be sold in the local or the international market," the source said.

 

CPCL has still not received board approval for the project.

 

The company is also planning a 1.2 tonnes/year cracker and aromatics complex at Ennore, Tamil Nadu, for which it had approached the state government to acquire around 3,000-3,500 acres of land.

 

According to Indian media reports, the Tamil Nadu government is now facing a delay in land-acquisition at the site and CPCL has now approached the central government to intervene and expedite the process.

 

($1 = Rs40.19)

By: Isha Jha
+65 6780 4359

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