Tag Archives | Paradip

Ready for rubber

Indian Oil Corp (IOC) recent financial woes do not appear to have dampened its interest in petrochemicals. After pushing back plans for a paraxylene (PX), polypropylene (PP) and styrene plants downstream of a proposed refinery at Paradip, it is interesting to read that the company intends to soon start a detailed feasibility study on a […]

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Paradip update

I had written about a delay in Indian Oil Corp’s (IOC) paraxylene (PX), polypropylene (PP) and styrene projects at Paradip because of rising costs and financial constraints. But a company source tells me that a final decision on the timing of these projects and the refinery will be decided by the end of this month. […]

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Paradip petchems postponed

After years of planning and crossing many hurdles IOC has now decided to defer the petrochemical portion of its Paradip project. The decision comes at a time when the company is struggling to cope with huge losses on account of record high crude oil prices and the government’s reluctance to raise retail fuel prices. IOC […]

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Projects and protests

I am back from my holiday and have discovered no earthshaking developments in the last few weeks. But the following news articles caught my eye. First, Dow Chemical’s European arm and GACL have agreed on a 50:50 joint venture to produce 200,000 tonnes/year of chloromethanes at Dahej, on the west coast of India. The plant […]

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Trouble at Paradip

I was under the impression that there are no major hurdles to Indian Oil Corp’s (IOC) refinery and petrochemical project at Paradip. But I came across this news yesterday that the viability of the project is in question following the government’s decision to withdraw a tax holiday from 1 April 2009. The project has been […]

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Awash with paraxylene

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 […]

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Preparing for the future

I am back from the first Asian Chemical and Petrochemical Conference with lots of information on the Indian chemicals industry that I plan to share in the coming days. The conference, jointly organised by ICIS and the Indian Chemical Council (ICC) at Mumbai, saw over a 100 delegates from India and overseas. For the first […]

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