Indian Oil Corporation (IOC) has commenced commercial despatch of Purified Terephthalic Acid (PTA) from its 553,000 tpa world-scale PTA plant located at Panipat Refinery.
IOC proposes to market PTA in domestic and overseas markets across all segments of the polyester polymer, moving closer to becoming an integrated and diversified energy major. The next step in IOC's petrochemical evolution would be the naphtha cracker and downstream polymer units at Panipat.