15-Dec-25 Indian Oil Corporation Limited (IOCL) is India’s leading integrated energy and petrochemicals company and a key driver of the country’s polymer supply. A Government of India Maharatna PSU, IOCL operates a vast network of refineries, pipelines, petrochemical complexes, and distribution terminals that form a critical part of India's energy and materials infrastructure.
IOCL is among India’s largest producers of polypropylene (PP), polyethylene (PE), and other petrochemical intermediates, serving plastics processors in packaging, pipes, molding, automotive, woven sacks, fibers, and FMCG applications.
With polymer manufacturing integrated into its refineries, IOCL plays a pivotal role in:
Securing domestic polymer availability
Reducing import dependency
Stabilizing pricing across the plastics value chain
Promoters & Management
IOCL is fully government-owned, operating under the Ministry of Petroleum & Natural Gas.
Manufacturing Footprint & Polymer Complexes
IOCL has one of the widest petrochemical production footprints in India, with multiple integrated polymer manufacturing plants located within refineries.
Major Polymer-Producing Units
1. Panipat Refinery & Petrochemical Complex (Haryana) – Flagship Polymer Hub
Naphtha cracker and polymer complex
Produces PP – Capacity 600 KTA, (2 lines of 300 KTA each) using Spheripol Technology licensed from LyondellBasell (formerly Basell).
HDPE / LDPE – Total capacity 650 KTA, 2 lines
Line 1 - Hostalen (LyondellBasell) Slurry Process – 300 KTA – dedicated to HDPE
Line 2 - Sclairtech (Nova Chemicals) Solution Process – 350 KTA – Swing Plant LLDPE/HDPE
2. Paradip Refinery (Odisha) – Modern Polymer Expansion
State-of-the-art refinery
Polypropylene production through high-capacity units
Significant capacity aimed at Eastern and Southern Indian processors
This Plant has a capacity of 680 KTA of PP. It has 2 lines of 340 KTA each using Spheripol-II Technology from LyondellBasell
3. Haldia Refinery (West Bengal)
PP manufacturing
Strategic location for Eastern India’s converting industry
4. Other Polymer-Linked Facilities
Koyali (Gujarat)
Mathura (UP)
Barauni (Bihar, upcoming polymer capacities under expansion plans)
Scale
IOCL is one of India’s top three polymer manufacturers (with Reliance and GAIL).
Production touches multi-million-tonne annual capacity across PP, PE, and intermediates.
Product Portfolio – Polymers & Petrochemical Intermediates
1. Polypropylene (PP) – Major Product Line
Homopolymer
Random Copolymer
Impact Copolymer
Applications:
Woven sacks
Injection molding
Rigid packaging
Automotive parts
Houseware
IOCL PP is widely used by woven sack manufacturers due to strong consistency and availability.
2. Polyethylene (PE)
Primarily HDPE and LLDPE grades:
Film grades
Blow molding grades
Pipe grades
Rotomolding grades
Injection molding grades
Paradip and Panipat sites are key for PE production.
3. Other Petrochemical Products
PTA (Purified Terephthalic Acid)
LAB (Linear Alkyl Benzene)
MEG, Styrene & Other intermediates (through joint ventures or project partnerships)
These feed into India’s textiles, packaging films, detergents, and engineering plastics.
Technology & R&D
IOCL maintains strong technology partnerships with licensors globally for:
Polymerization reactors
Gas-phase PP technologies
Slurry and solution-phase PE technologies
Catalyst systems
In-house R&D centres support:
Grade development
Application testing
Technical support to SMEs
Process optimization for polymer converters
Market Reach & Distribution
IOCL operates an extremely wide distribution network due to:
Refinery-linked depots
Channel partners across all states
Strategic coastal locations for export shipping
Who Uses IOCL Polymers?
Packaging film manufacturers
Molded product manufacturers
Woven sack producers
Pipe and infrastructure companies
Household plastic producers
FMCG suppliers
Exports
While IOCL prioritizes domestic availability, surplus polymer volumes are exported to:
Middle East
AfricaBangladesh, Nepal, Sri Lanka
Southeast Asia
Exports include PP, HDPE, and LLDPE on a need/opportunity basis when domestic demand softens.
Competitive Positioning
IOCL is one of India's most influential polymer producers due to:
Strategic national footprint
Strong domestic distribution
Government-backed supply stability
Integrated refinery–petchem operations
Ability to respond quickly to regional demand shifts
For many processors in North, East, and Central India, IOCL is the primary polymer supplier.
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