Indian Oil Corpn has offered stake to Kuwait Petroleum Corp in its Panipat petrochemicals plant and the Paradip refinery.
The Paradip project envisages an investment of Rs 21,000 crore in a 15-million-tonnes-per-annum capacity refinery and facilities for production of front-end petrochemicals, including paraxylene, polypropylene, and styrene.
The Rs 11,000 crore naphtha cracker project, adjacent to the Panipat refinery, for the manufacture of 8-lakh tonnes of ethylene and 6-lakh tonnes of propylene a year, which may be used to produce polymers such as high-density polyethylene, linear low-density polyethylene, polypropylene and mono-ethylene glycol.
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| Posted : 6/17/2006 |
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