IOC to start up Panipat BD extraction facility by 2012

19 April 2010 09:00  [Source: ICIS news]

MUMBAI (ICIS news)--Indian Oil Corp (IOC) plans to start up a 138,000 tonne/year butadiene (BD) extraction facility at Panipat in Haryana state in 2012, a company source said on Monday.

"We plan to begin work simultaneously on the (BD) extraction facility and the styrene butadiene rubber (SBR) unit," the source added.

IOC had recently entered into a joint venture agreement for a 120,000 tonne/year SBR plant with Marubeni of Japan and Taiwan’s TSRC Corp.

The BD extraction plant would provide the feedstock for the SBR unit, the source added.

Construction on the plants were expected to start in the second half of 2010, the source said, adding that both plants were expected to commence operations in the second or third quarter of 2012.

The SBR plant will capitalise on the growing demand for cars in India, which currently relies on imports for its domestic SBR demand.

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By: Priya Jestin



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