MOSCOW (MRC) -- Technip Energies has been awarded a large(1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its Para Xylene (PX) and Purified Terephthalic Acid (PTA) complex project at Paradip, Orissa, on the East Coast of India, said Hydrocarbonprocessing.
This EPCC contract covers the delivery of a new 1.2 MMTPA(2) PTA plant and associated facilities. PTA is a major raw material used to manufacture polyester fibers, PET bottles and polyester film used in packaging applications.
Marco Villa, Chief Operating Officer of Technip Energies commented: “We are pleased to be awarded another prestigious contract by Indian Oil Corporation Limited. We look forward to starting this significant project which illustrates our commitment to India – a core market for us. It also significantly consolidates our leading position for executing complex petrochemical projects."
Paradip Refinery is the most-modern refinery in India. Its products meet the energy demands of the domestic market and are partly exported. With the aim to create a value chain, Paradip Refinery has ventured into petrochemicals with the production of Polypropylene (PP), Mono Ethylene Glycol (MEG), and is now going into Para Xylene (PX) and Purified Terephthalic Acid (PTA) production. The availability of PTA at Paradip will provide a boost to polyester manufacturing facilities in the vicinity.
As per MRC, Technip Energies has been recently awarded a significant Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project in Barauni, Bihar, in the Eastern part of India. This EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million metric tonnes per annum (MMTPA) capacity, a Fuel Gas Treatment Unit (FGTU) and the associated facilities. The OHCU, in combination with downstream refinery units, will enable production of BS VI Grade fuels - similar to Euro VI Grade fuels - and petrochemicals.
Paraxylene is a raw material for the synthesis of terephthalic acid - an intermediate product for the production of polyethylene terephthalate (PET).
According to MRC's ScanPlast, in March of this year, the total estimated consumption of PET in Russia amounted to 64,750 tonness, which corresponds to the previous year (64,520 tonnes in 2020). Estimated PET consumption in the country increased in January - March 2021 compared to the same period last year by 5% and amounted to 182,300 tonnes.
Technip Energies has a strong footprint in India and local presence in Delhi, Mumbai, Chennai and Dahej.