Home / Knowledge / News / Textiles / Petrochemicals add value to IOC refining activities
Petrochemicals add value to IOC refining activities
09
Dec '10
Director (Refineries) of Indian Oil Corporation (IOC) – B.N. Bankapur revealed that in order to acquire the maximum competitive benefit, IOC has adopted a business policy that brings in the complete hydrocarbon value chain within its purview by means of business expansion as well as diversification.

He added that the company's involvement into petrochemicals business has been a key factor which has led to its outstanding performance, thereby making it possible for the Corporation to be recognized as 'Energy of India'.

The current upgradation in the refining capacity of the Panipat refinery and the integration of refining operations with that of petrochemicals have added further value to the refining activities. The Naphtha Cracker at Panipat, by procuring additional naphtha from Panipat, Gujarat and Mathura refineries, is expected to manufacture 800,000 tons of ethylene and 600,000 tons of propylene per annum, which will nurture the downstream polymer plants.

In the coming future, the assimilation of new facilities in the already prevailing refineries as well as the proposals for processing the refining operations are likely to be controlled by economies of scale and incorporation of petrochemicals to increase the profitability.

Fibre2fashion News Desk - India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search