IOCL’s Rs 31 Billion Paradip Unit to Start Production

Oil marketing major Indian Oil Corporation Ltd (IOCL) plans to start production from its polypropylene unit at Paradip by December end this year. “The 15 million tonne refinery is already producing diesel, petrol, kerosene etc. By December this year, production will start from the polypropylene unit.

Keeping in mind the requirement , the capacity of the refinery will also be enhanced at Paradip”, Dharmendra Pradhan, Union minister of petroleum and natural gas told media persons on the sidelines of 19th National Conference on Corrosion Control. The conference is organized by IOCL with National Corrosion Council of India and CSIR- Central Electrochemical Research Institute.

The unit is being set up at an estimated cost Rs 31.5 billion. The plant would make use of Spheripol Technology from Basell, Italy, and will be capable of producing different grades of polypropylene. However, it will commence with the production of homo grade initially.

The major facilities envisaged under the project are coker LPG treater unit, warehouse for polypropylene storage and other associated facilities such as flare and cooling tower. Read More

Indian Oil Corporation Ltd