IndianOil commences commercial despatch of polymers

04-May-10
With the wave of a flag, Mr. B.M.Bansal, Chairman, IndianOil, signalled what could well emerge as a major game changer in the Indian domestic petrochemical business. The despatch of the first truck carrying a consignment of a Poly Propylene grade from the gates of IndianOil’s state-of-the-art Petrochemicals Complex at Panipat, will be followed by the roll out of a countrywide marketing blitz that is expected to ride on the company’s formidable distribution channels spread across India. Speaking on the occasion Mr. Bansal said, “With the completion of our Petrochemical Complex in Panipat, we have crossed a major milestone in our aspiration to emerge as an integrated and diversified company. It is perhaps our biggest investment at one location. With this, Panipat will emerge as a major hub and be the primary driver behind an unprecedented industrialisation spree in Northern India, triggering off massive investments in a range of downstream plastic processing and allied industries in the region”, he added. IndianOil has showcased its capability to offer a full product slate to customers covering all segments of petrochemicals viz. LAB, PX-PTA and Polymers. With the domestic polymer market growing at a sustained pace, the company has laid out a web portal based marketing strategy that will help it garner a significant share of the petrochemicals market in the future. The world-class Naphtha Cracker at Panipat, built at a cost of Rs 14,400 crore, is the largest operating cracker capacity in India today and the naphtha feed for the unit is being sourced internally from IndianOil's Koyali, Panipat and Mathura refineries. The Naphtha Cracker comprises of the following downstream units - Polypropylene (capacity: 600 KT), High Density Polyethylene (HDPE) (dedicated capacity: 300 KT) and Linear Low Density Poly Ethylene (LLDPE) (350 KT Swing unit with HDPE), Mono Ethylene Glycol (MEG) plant (325 KT). The cracker will produce over 800 KTA of ethylene, 600 KTA of Propylene, 125 KTA of Benzene, and other products viz., LPG, Pyrolysis Fuel Oil, components of Gasoline and Diesel. The Polypropylene (PP) unit is designed to produce high quality and high value niche grades including high speed Bi-axially Oriented Polypropylene (BOPP) (used for food packaging and laminations), high clarity random co-polymers (used for food containers and thin walled products) and super impact co-polymer grades (used for batteries, automobile parts, luggage and heavy duty transport containers). Polyethylene is used for making injection moulded caps, heavy duty crates, containers, bins, textile bobbins, luggage ware, thermoware, storage bins, pressure pipes (for gas and water), small blow-moulded bottles, jerry cans, etc.
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