IOC plans $5bn phase 2 Paradip polyolefins

20 December 2007 15:45  [Source: ICIS news]

NEW DELHI (ICIS news)--Indian Oil Corporation (IOC) plans a mixed feed cracker and downstream polyolefins unit under phase 2 of its refinery-cum-petrochemicals complex at Abhayachandrapur near Paradip port in Orissa, a Petroleum and Natural Gas Ministry official said on Thursday.

The official told ICIS news the public sector major IOC had tentatively estimated the phase 2 cost at Indian rupees (Rs) 150-200bn ($4-5bn). The entire olefins complex is planned for start-up in financial year 2013-2014.

It would utilise refinery offgases, naphtha and gas-oil as feedstock.

The downstream units would produce ethyl vinyl acetate, which is currently not manufactured in the country, polyethylenes, polypropylene, monoethylene glycol, polyvinyl chloride and a few other chemicals.

The Rs256bn first phase, comprising a 15m tonne/year refinery and four petrochemical units, is slated for commissioning in 2011-2012 with a product slate of paraxylene, styrene, polypropylene and alkylate.

IOC has already selected the process licensor for these petrochemical units.

($1 = Rs39.41)


By: Naresh Minocha
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index