IndianOil moves ahead with $1.8 billion PX/PTA complex in Odisha
State owned IndianOil recently announced that it has given its approval to proceed with an integrated Para-Xylene (PX) and Purified Terephthalic Acid (PTA) complex in Paradip, Odisha. This announcement is part of IndianOil’s plan to expand its polyester market efforts throughout India.
The board at IndianOil approved approximately 1.8 billion for this PX/PTA project to be built at the existing Paradip refining complex by 2024. This new facility will have a PX production capacity of 800,000 tons per year, which will in turn be the feedstock for producing 1.2 million tons per year of PTA. PTA is used in the manufacture of items such as polyester yarn, polyethylene terephthalate bottles and polyester packaging usage.
IndianOil Chairman SM Vaidya stated that “This plant, along with the upcoming monoethylene glycol (MEG) plant of 357,000 tons per year capacity at Paradip, would be a ready source of feedstock for IOC’s upcoming 300,000 tonnes/year textile yarn manufacturing project at Bhadrak in Odisha”, which is expected by late 2021. MEG is also used in polyester manufacturing, and this new supply is intended to provide a spark to the country’s polyester manufacturing facilities.
For questions or to give feedback:
+1 (713) 525-4605
For subscriptions or a demo:
+ 1 (713) 520-4271
+44 20 3793 9705
Download our brochure today!
Boxscore Construction Analysis:
Business Trends: Asia and Europe join the feedstock evolution with steam crackers
From the April 2018 issue of Hydrocarbon Processing