Indian Oil to launch Paradip MEG plant in 2019
In addition, the company is reportedly conducting a feasibility study for producing paraxylene and PTA at the complex, with the units under consideration both carrying projected capacities of 1.2 million tons/year. The project for PX and PTA production is expected to cost around $1.5 billion and would be launched around 2020 if the company ultimately decides to make the investment.
Meanwhile, Indian Oil is currently building a PP plant at the same complex with a production capacity of 700,000 tons/year. Construction of the plant is expected to be completed by the third quarter of 2017.
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