IndianOil commissions India's largest PTA plant

New Delhi, June 20 (UNI) India's leading Fortune 'Global 500' company- IndianOil today commissioned the countrys largest Purified Terephthalic Acid (PTA) plant at it's Panipat Refinery in Haryana.

The plant inaugurated by Chairman, IOC Sarthak Behuria utilises the latest state of the art T-10 technology of Invista (earlier Dupont) producing PTA of a far more superior quality than the one produced and marketed in India and abroad.

It will be used as raw material for the manufacturing of staple fibre, filament yarn, PET bottles, polyester film, audio video tapes etc. for which the market is growing at a fast pace.

"At IndianOil, we have identified the petrochemicals business as one of the prime drivers of future growth and to achieve this, we have drawn up an ambitious Rs 30,000 crore master plan. We are using product streams from our existing refineries to achieve better utilisation of the hydrocarbon value chain'', Mr Behuria said.

"Our master plan for the petrochemicals business involves development of world-scale petrochemical hubs at Panipat in the North and Paradip on the East Coast," he added.

The complex set-up at a cost of Rs 4600 Crore will produce 360,000 Tonnes of para-Xylene per annum which in-turn will produce 550,000 Tonnes of PTA per annum. Over 20,000 tonnes of Benzene will also be produced per annum as a by-product from the complex. There is a flexibility of marketing paraxylene also.

L&T were the LSTK contractor who carried out the engineering, procurement, construction besides providing commissioning assistance for the plant. Engineers India Ltd (EIL) was the Project Management Consultant (PMC).

UNI/RT ARB DB1822