The Indian Oil Corporation Ltd (IOCL) plans to start production from its polypropylene unit at Paradip in Odisha by December end. The 15-million-tonne refinery is already producing diesel, petrol and kerosene. Keeping in mind the requirements , the capacity of the Paradip refinery will also be enhanced, petroleum and natural gas minister Dharmendra Pradhan said.
Pradhan was addressing media men in Bhubaneswar recently on the sidelines of the 19th National Conference on Corrosion Control organized by IOCL, the National Corrosion Council of India and the Central Electrochemical Research Institute.
The polypropylene unit is being set up at an estimated cost ₹31.5 billion, according to a report in top business daily.
The plant would make use of spheripol technology from Basell, Italy, and will be capable of producing different grades of polypropylene. It will start with homo grade initially.
The major facilities envisaged under the project are coker LPG treater unit, warehouse for polypropylene storage and other associated facilities such as flare and cooling tower.
IOCL has also received approval from its board to set up a second unit, a mono ethylene glycol plant, at a cost of ₹38 billion.
On the crude oil refinery spread over 3,300 acres, the oil behemoth has already invested ₹350 billion. The company has pledged to invest ₹517.8 billion more on various components of the petrochemical complex. (DS)
Fibre2Fashion News Desk – India