Tag Archives | paraxylene

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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Another one bites the dust?

Yet another project appears to be fallen through. This time it is Chennai Petroleum Corp’s (CPCL) refining and petrochemicals venture at Ennore in Tamil Nadu. Indian Oil Corp’s (IOC) chairman Sarthuk Behuria said in a press conference yesterday that the project may never come up as the country already had surplus refining capacity. CPCL is […]

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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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