The upcoming refinery of state-run Indian Oil Corporation (IOC) at Paradip would be a major producer of feedstock for the downstream petrochemicals industry, a top official of the company said. <\/p>\n
“IOC will branch out into manufacturing of petrochemicals feedstock and the Paradip plant will be a major producer,” the official told PTI. <\/p>\n
The 15-million tonne Paradip refinery will be commissioned very shortly, he said. <\/p>\n
According to the official, the plant will house a Rs 3,150-crore polypropylene plant expected to go on stream by 2017. <\/p>\n
“IOC is keen to be a big player in the manufacturing of building blocks for the petrochemicals industry,” he said. <\/p>\n
Projects on the anvil by IOCBSE -1.31 % include an ethylene glycol unit, paraxylene (PX)-PTA and a petrocoke gassification plant. The plant would help in the development of downstream units by providing inputs, as a result of which the PSU would gain from value addition. <\/p>\n
The official said that a downstream expansion to petrochemicals was also planned at the Barauni refinery. <\/p>\n
However, he said that there was absence of downstream units near the Panipat refinery in Haryana. As a result, the feedstock travels to the western part of the country and then gets shipped again to the north as finished products. <\/p>\n
IOC’s big foray into petrochemicals would entail manufacturing of various kinds of polymers, which are used by the plastic products manufacturing units. <\/p>\n
The official said the Paradip plant would be a flexible one and would have the capacity to manufacture both light and heavy crudes.<\/p>\n","protected":false},"excerpt":{"rendered":"
The upcoming refinery of state-run Indian Oil Corporation (IOC) at Paradip would be a major producer of feedstock for the downstream petrochemicals industry, a top official of the company said. “IOC will branch out into manufacturing of petrochemicals feedstock and the Paradip plant will be a major producer,” the official told PTI. The 15-million tonne Paradip refinery will be commissioned very shortly, he said. According to the official, the plant will house a Rs 3,150-crore polypropylene plant expected to go on stream by 2017. “IOC is keen to be a big player in the manufacturing of building blocks for the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-41995","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/41995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=41995"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/41995\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=41995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=41995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=41995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}