Indian Oil offers 35,000 tonnes naphtha for 18-20 December

29 November 2011 06:55  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil has tendered to sell 35,000 tonnes of naphtha for loading from Chennai on 18-20 December, traders said on Tuesday.

The tender closes on 30 November, with offers to stay valid until 1 December, they added.

The producer is planning to build a second cracker at Paradeep on the east coast of India, with a nameplate capacity of around 850,000 tonnes/year of ethylene.

Indian Oil is aiming for a 2015 start-up, although work has not begun on the project. The company plans to build derivative plants together with the cracker. 

Indian Oil operates an 857,000 tonne/year naphtha cracker at Panipat and the plant is running at 65% capacity this month.

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By: Felicia Loo

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