06 February 2012 05:01 [Source: ICIS news]
NEW DELHI (ICIS)--Indian Oil Corp (IOC) plans to increase polymer exports to ?xml:namespace>
IOC, which regularly offers polyethylene (PE) and polypropylene (PP) to neighbouring
“Exporting via road is more cost-effective. Movement by rail is limited by the availability of wagons; we will now be able to send larger volumes,” he added. Panipat is about 400km from
The company hopes to increase export volumes to 8,000-8,500 tonnes/month from 5,000-6,000 tonnes/month at present.
“The truck was unloaded at the border and product transferred to another truck with Pakistani registration,” he explained. The consignment was delivered to
And the surplus will increase further after the commissioning of HMEL’s 440,000 tonnes/year plant in March or April 2012.
Besides polymers, IOC is also eyeing exports of other petrochemicals to
“The next product that we will like to move by road is purified terphthalic acid (PTA).
The 8th PlastIndia exhibition is a six-day event which will end on 6 February.
Additional reporting by Ong Sheau Ling and Prema Viswanathan
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