There is one more paraxylene (PX) plant being planned in India and it is Indian Oil Corp (IOC) again.
IOC is said to be studying a plant next to its refinery in Vadodara, Gujarat and has received preliminary approval from its board. There are no details yet on capacity and timing of the project.
IOC operates one plant at Panipat and has planned a second one at Paradip (1.2m tonnes/year in 2011-12) and a third one at Haldia. Reliance Industries too has a mega project in the pipeline (2.6m tonnes/year in two phases) downstream of its second refinery at Jamnagar.
While the Reliance project will be integrated with a purified terephthalic acid (PTA) plant and IOC could supply PX from Haldia to Mitsubishi’s new PTA plant at the same location, the projects at Paradip and Vadodara appear to be geared for the export market.