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 ?xml:namespace>
“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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