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Indian Oil signs MoU to develop petchem complex

by ChemOrbis Editorial Team -
  • 21/11/2017 (11:47)
According to India’s local media reports, Indian Oil signed a memorandum of understanding with Industrial Development Corp. of Odisha (IDCO) to develop a plastics park in Paradip, India.

Accordingly, the company is expected to construct a PP plant with a capacity of 700,000 tons/year by 2018.

The Indian government reportedly invested INR3,150,000,000 ($48,3 million) in the complex to boost the country’s downstream growth by 14-15%.
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