Indian Oil Corporation Ltd (IOCL) aims to commission the polypropylene facility coming up near its Paradip oil refinery within the next six months.
"The new polypropylene unit in Paradip, which will be commissioned in around next six months, can catalyse a host of downstream industries in the (eastern) region besides opening of new markets in Myanmar and Bangladesh, in consistency with the Government's look east policy," said Dharmendra Pradhan, Union minister for Petroleum and Natural Gas at the sixth convocation of IIT-Bhubaneswar held on Sunday.
The unit is estimated to cost Rs 31.5 billion.
The plant would make use of Spheripol Technology from