MOSCOW (MRC) -- The state-owned Indian Oil Corp Ltd (IOCL) is in plans to shut its purified terephthalic acid (PTA) plant for maintenance, as per Apic-online.
A Polymerupdate source in the India informed that the company is likely to start turnaround at the plant in early-February, 2019. The plant is slated to remain under maintenance until end-February, 2019.
Located in Panipat, India, the PTA plant has a production capacity of 550,000 mt/year.
As MRC wrote before, Indian Oil Corporation's Rs 34,555-crore 15 million tonnes per annum Paradip Refinery was commissioned in phases from March 2015 onwards. Indian Oil Corporation was conducting feasibility studies to set up a petrochemical complex at Paradip in Odisha for Rs 20,000 crore. The petrochemical complex will be built in the vicinity of the company’s to-be-commissioned 15-mln tpa greenfield refinery at Paradip. The petrochemical complex will be in addition to the already announced Rs 3,150-crore polypropylene project at the same location, the foundation stone for which was laid by MOS for petroleum and natural gas.
Indian Oil Corporation Limited, or IndianOil, is an Indian state-owned oil and gas corporation with its headquarters in New Delhi, India.