Indian Oil to set up Polypropylene Plant in Odisha by 2017-18

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New Delhi, Dec 17: The Indian Oil Corporation Limited (IOCL) will set up its proposed Polypropylene (PP) plant in Odisha. The refinery plant will have 15 MMTPA capacity and will be commissioned at Paradip at an estimated cost of Rs.34, 162 crore during 2017-18.

Informing the Rajya Sabha, Minister of State (I/C) for Petroleum & Natural Gas Dharmendra Pradhan in a written reply today said that the Plant will produce 700 thousands metric ton per annum.

The company is also planning to set up units (i) Ethylene derivative project (Ethylene Glycol), (ii) Para Xylene & PTA, and (iii) Petcoke gasification based derivative in the state.

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