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IOCL to put on stream 3 more petrochemical units by 2020

Industry Metallurgical industries

Indian Oil Corporation Ltd (IOCL) will operationalise the proposed one million tonne paraxylene PTA and ethylene glycol units near its refinery at Paradip by 2020. The combined investment in these two units is pegged at around Rs 13,000 crore. Further, IOCL has also plans to set up a petcoke gasification plant with an investment of more than Rs 15, 000 crore. IOCL is conducting the feasibility study for all the three projects.

Extracted from BS, July 03,’15

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