Indian Oil starts polymer consignment from new Panipat facility

03 May 2010 10:52  [Source: ICIS news]

MUMBAI (ICIS news)--State-run Indian Oil Corp (IOC) has despatched its first polymer consignment from its Panipat petrochemical facility over the weekend, a company source said on Monday.

The 857,000 tonne/year cracker in Panipat is currently running at 50-60% of capacity and would reach full production in two to three months, the source said. The ethylene plant was started up on 11 March.

The polymer produce from the Panipat facility could easily be absorbed by the Indian market, which had been growing at a steady 14% over the past couple of years, the source said.

IOC would get naphtha supply to feed into the cracker from its refineries in Gujarat, Mathura and Panipat, which would reduce the company’s naphtha exports by two-thirds, the source said.  

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By: Priya Jestin

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