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, ?xml:namespace>
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections