06 January 2010 09:51 [Source: ICIS news]
MUMBAI (ICIS news)--Indian Oil Corp (IOC) expects to commission its naphtha cracker at Panipat in Haryana state by the end of January and make its downstream polymer products available for marketing by April, a company source said on Wednesday.
The firm’s derivative units, which include a monoethylene glycol (MEG) plant, a polypropylene (PP) unit, a high density polyethylene (HDPE) plant and a swing HDPE/linear low density PE (LLDPE) unit, would start up by the end of March or early April, the source added.
"We expect to make the products available for marketing by March-April," the source said.
IOC planned to sell its products locally as domestic demand was strong and had risen by almost 20% last year, the source added.
The cracker would have a capacity to produce 857,000 tonnes/year of ethylene and 650,000 tonnes/year of propylene. The derivative slate includes 600,000 tonnes/year of PP, 650,000 tonnes/year of PE and 325,000 tonnes/year of MEG.
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