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Indian Oil starts construction of its Paradip PP plant

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/11/2014 (13:00)
According to a statement on the company’s website, Indian Oil Corporation (IOC) started construction of a PP plant at its Paradip refinery complex on November 16. The estimated value of plant is around INR31.5 billion ($509 million).

The plant will have a production capacity of 700,000 tons/year and is expected to be online within the next three years.

Meanwhile, Indian Oil also plans to build an ethylene derivative plant valued at around INR40 billion ($646 million), for which the company has already started feasibility studies. The output of the plant will facilitate the manufacturing of polyester chips, fibers, PET bottles, PET chips and polyester yarn.
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