Indian Oil Corporation (IOC) plans to finalise its product mix at Paradip shortly. IOC has decided to change the product mix of its much-delayed Paradip refinery in favour of petrochemical products. Only 30% of the products will be petroleum fuels, making this more of a petrochemical refinery.
Work on the refinery is expected to start in the 11th 5 year plan period (2008-13). However, IOC is chalking out a roadmap for its future plan for Paradip refinery which will include Olefin as well as aromatic units for production of polymers, paraxylene and styrene.
This step will further strenghten IOC's entry into petrochem sector. In the 10th 5 year plan period (2002-07), IOC has planned to invest Rs 10,852 crore in petrochemicals alone, about 45% of the Rs 24,399 crore investment planned during this period.
IOC has an integrated petroleum and petrochemical complex at its Panipat refinery. The aromatic complex at the Panipat refinery will be ready by end-2005 while the naphtha cracker by 2007.
At Koyali, IOC is also setting up 0.8 million tpa naphtha cracker to use surplus naphtha. Besides, it will soon commission linear alkyl benzene plant at Koyali.
17-Feb-05 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}