Indian Oil Corp delays planned PX, PTA projects to beyond 2015

16 January 2012 06:07  [Source: ICIS news]

MUMBAI (ICIS)--Indian Oil Corp (IOC) has deferred its planned paraxylene (PX) and purified terephthalic acid (PTA) projects at Vadodara in Gujarat state, to post 2015, a company source said on Monday.

“The project is on hold because of commercial issues; we are looking at the total PX/PTA picture and deciding when it would be right to start this project,” said the source.

The 370,000 tonnes/year PX and 560,000 tonnes/year PTA project, near the state-owned company’s refinery at Koyali, had earlier been planned for completion in 2013.

Meanwhile, the company has started a feasibility study on a 1m tonnes/year acetic acid plant at Vadodara. The target date for this project, a joint venture with BP Chemical, is 2016, said the source.

The project will be based on the 1m tonnes/year of petroleum coke generated at the Koyali refinery.

Besides the acetic acid facility the project also includes petroleum coke gasification and syngas production. 

IOC is also working on a 20,000 tonnes/year butene-1 plant at its cracker complex in Panipat, Haryana.

“We are looking at the ethylene dimerisation route with technology from Axens. Negotiations are ongoing; completion of the plant is targeted for 2014,” the source added.

The butene-1 will be used captively at IOC’s 650,000 tonnes/year polyethylene (PE) facility at Panipat.

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By: Malini Hariharan
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