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IOC's Paradip PP plant to be commissioned in 2017-18

Indian Oil Corporation is investing Rs 3,150 crore in polypropylene project at Paradip, Odisha, stated Dharmendra Pradhan, MoS, Petroleum & Natural Gas, in Rajya Sabha

BS B2B Bureau New Delhi
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Last Updated : Dec 18 2014 | 4:47 PM IST

Indian Oil Corporation Limited’s (IOC) planned polypropylene (PP) project, to be built with an estimated cost of Rs 3150 crore, at Paradip (Odisha) is expected to be commissioned during 2017-18, informed Dharmendra Pradhan, MoS of Petroleum & Natural Gas, in a written reply in Rajya Sabha.
 
Indian Oil is establishing a refinery of 15 million metric tonne per annum (MMTPA) capacity at Paradip, Odisha, at an estimated cost of Rs 34,162 crore. IOCL has completed a detailed feasibility study for setting up of a polypropylene plant which is a part of proposed petrochemical complex attached to the refinery. The plant will produce 7 lakh metric tonne per annum of PP.
 
IOC is also planning to set up units for ethylene derivative project (ethylene glycol), para xylene & purified terephthalic acid (PTA), and petcoke gasification based derivatives, according to Pradhan. 

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First Published: Dec 18 2014 | 4:45 PM IST

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