On 20 June 2006, Indian Oil Corporation has commissioned the purified terephthalic acid (PTA) plant at its Panipat refinery in Haryana. The product will be used as raw material for manufacturing staple fibre, filament yarn, PET bottles, polyester film, and audio video tapes, for which the market is growing at a fast pace.
IOC have drawn up an ambitious Rs 30,000-crore master plan. The plan includes development of world-scale petrochemical hubs at Panipat in the North and Paradip on the East Coast.
The Px-PTA complex, set up at a cost of approximately Rs 4,600 crore, will produce 3.6 lakh tonnes of para-xylene per annum, which in turn will produce 5.5 lakh 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 para-xylene also.
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| Posted : 6/21/2006 |
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