Indian Oil mulls C4, C5 derivatives at cracker

06 May 2008 20:32  [Source: ICIS news]

NEW DELHI (ICIS news)--Indian Oil Corporation (IOC) may produce C4 and C5 derivatives to improve the viability of its upcoming naphtha cracker complex at Panipat in Haryana state, a company official said on Tuesday.

Possible products include styrene butadiene rubber (SBR), polybutadiene rubber, butanediol (BD), oxoalcohols and maleic anhydride (MA), he said.

Producing C4 and C5-based petrochemicals would diversify the revenue stream of the cracker complex, allowing it to effectively compete against low-cost polyolefin producers, he said.

Planning for the project was still at an early stage, and the company would decide on the products following a market survey and other feasibility studies, he said.

When complete, the cracker could produce 857,000 tonne/year of ethylene and 650,000 tonne/year of propylene. It will also produce intermediates.

Downstream units would produce high density polyethylene (HDPE), linear low density PE (LLDPE), polypropylene (PP) and monoethylene glycol (MEG).

The complex should be commissioned by December 2009. It is valued at Indian Rupees(Rs)144bn ($3.54bn).

($1 = Rs40.67)

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By: Naresh Minocha
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