14 May 2008 07:56 [Source: ICIS news]
MUMBAI (ICIS news)--Indian Oil Corp (IOC) has started a detailed feasibility study on a 360,000 tonne/year paraxylene (PX) plant next to its refinery at Vadodara in Gujarat and is also mulling a purified terepthalic acid (PTA) unit at the same site, a company source said on Wednesday.
"The 360,000 tonne/year unit would be similar to our plant at Paradip, Haryana, and we are looking to replicate the engineering package," the source added.
"We have received board approval for carrying out a detailed study. We will apply for final approval once the cost estimate has been frozen," he said. "It takes about 26-27 months to build a PX plant and we would like to complete the project by end-2011."
"IOC is also mulling building a purified terephthalic acid (PTA) plant downstream of the PX project. We are evaluating building it at the same time as the PX plant or after two years," he said.
The PX project at Vadodara would come up ahead of a second 610,000 tonne/year PX project that IOC had planned at Haldia in West Bengal, he added.
For more on PX, PTA visit ICIS chemical intelligence
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