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

Textiles | On 29th Apr 2017

Slight drop in Unifi 2017 Q3 sales

The net sales of Unifi Inc., one of the world's leading innovators in ...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X