>>
Home / Knowledge / News / Textiles / Technip Energies bags EPCC contract for new PX, PTA plant in India

Technip Energies bags EPCC contract for new PX, PTA plant in India

22
May '21
Pic: Technip Energies
Pic: Technip Energies
France-based Technip Energies, a world-leading engineering and technology player, has recently been awarded a large engineering, procurement, construction and commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its paraxylene (PX) and purified terephthalic acid (PTA) complex project at Paradip, Orissa, on the east coast of India.

The EPCC contract covers the delivery of a new 1.2 MMTPA PTA plant and associated facilities. PTA is a major raw material used to manufacture polyester fibres, PET bottles and polyester film used in packaging applications.

“We are pleased to be awarded another prestigious contract by Indian Oil Corporation Limited. We look forward to starting this significant project which illustrates our commitment to India – a core market for us. It also significantly consolidates our leading position for executing complex petrochemical projects,” said Marco Villa, chief operating officer of Technip Energies.

Paradip Refinery is the most-modern refinery in India. Its products meet the energy demands of the domestic market and are partly exported. With the aim to create a value chain, Paradip Refinery has ventured into petrochemicals with the production of polypropylene (PP), mono ethylene glycol (MEG), and is now going into PX and PTA production. The availability of PTA at Paradip will provide a boost to polyester manufacturing facilities in the vicinity.

Technip Energies has a strong footprint in India and local presence in Delhi, Mumbai, Chennai and Dahej. For the company, a 'large' contract is between €250 million and €500 million.

Fibre2Fashion News Desk (RKS)


Must ReadView All

Pic: Simba3003 | Dreamstime.com

Textiles | On 8th Dec 2021

Euro area economy is recovering rapidly since Q2: IMF

Thanks to high vaccination levels and continued forceful policy...

Pic: Moreno Soppelsa | Dreamstime.com

Textiles | On 8th Dec 2021

US manufacturing activity grows for 18th consecutive month in November

Economic activity in the US manufacturing sector grew in November,...

Pic: Jurgita Juoniene | Dreamstime.com

Apparel/Garments | On 8th Dec 2021

VITAS foresees Vietnam’s apparel exports growth in 2021 & 2022

The Vietnam Textile & Apparel Association (VITAS) has forecast the...

Interviews View All

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

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


December 2021

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


Advanced Search