IOC to expand capacity at Panipat refinery by 6 mln tons

Indian Oil Corporation (IOC), with a 6 million tons oil refinery in Panipat has plans to enhance capacity by adding an additional unit of 6 million tons. This is in addition to its 5,53,000 tpa integrated paraxylene(PX) -purified terephthalic acid (PTA) plant at a cost of Rs5,100 crore, using DuPont's latest T-10 technology. Additional investment plans at IOC include Rs 6,300 crore in an 8,00,000 ton naptha cracker at Panipat. IOC also proposes to set up a 1,50,000 ton polypropylene unit at Chennai.