Entries from India Chemicals Blog tagged with 'IOC'
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...
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...
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...
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...
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...
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...
West Bengal draws Hindujas
West Bengal’s proposed chemical hub at Nayachar has attracted the Hindujas with the group indicating an interest to set up operations in the state. Plans are still at an early stage but Subir Raha, executive vice-chairman of the Hinduja Group,...
Barauni beckons
State-owned IOC and Gail appear to have been drawn into yet another futile petrochemical project by politicians. This time it is in Barauni, Bihar. IOC operates a 6m tonnes/year refinery at Barauni but this is unlikely to yield sufficient feedstock...
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...
IOC invited to Nayachar
I have found the answer to my question in last week’s posting on the proposed chemical hub at Nayachar, West Bengal. I had wondered which public sector company would be targeted by the West Bengal government for investment at Nayachar....
IOC eyes Egypt
Indian Oil Corp (IOC) is the latest entrant to Egypt. The country’s oil minister has said that talks are on for a $9bn refinery and petrochemical complex. A feasibility study is likely to be ready by mid-2010 after which IOC...
PO surplus set to continue
Despite India’s stellar economic performance there are signs that the country’s polyolefin surplus will not disappear very soon. In a presentation at last week’s Asian Chemical and Petrochemical Conference, Raj Datta of Haldia Petrochemicals Ltd drew out three scenarios. In...
Eyes on Ennore
Ennore in Tamilnadu is likely to emerge as the next refining and petrochemicals destination in India, reports ICIS news. Indian Oil Corp (IOC) has identified Ennore for a new range of projects including an export-oriented refinery and/or petrochemicals complex and...
Investors invited
Indian Oil Corp (IOC) and Chennai Petroleum Corp Ltd (CPCL) are said to be looking for a strategic investor to partner their 15m tonnes/year refinery and petrochemicals project at Ennore, Tamil Nadu. No time frame appears to have been set...
Pakistani potential
India and Pakistan are steadily opening up their markets and this is good news for Indian chemical manufacturers. Pakistan does not have as big a chemical industry as that of India, but its demand for various end-products is rapidly expanding....
Turkey calling
IOC's desire to build a refining and petrochemical base in Turkey makes interesting reading. The plan is make a joint bid with Turkey's Calik Group for the government's stake in Petkim and also construct a 15m tonne/year refinery at Ceyhan...
Haldi Petro ownership fight escalates
It is a story with enough twists and turns to put a Bollywood film to shame. Haldia Petrochemicals' creditors have now filed a case in the Calcutta High Court protesting against an order passed by the Company Law Board (CLB)...
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