IOC's Paradip PP plant to be commissioned in 2017-18

Indian Oil Corporation Limited’s (IOC) planned polypropylene (PP) project, to be built with an estimated cost of Rs 3150 crore, at Paradip (Odisha) is expected to be commissioned during 2017-18, informed Dharmendra Pradhan, MoS of Petroleum & Natural Gas, in a written reply in Rajya Sabha.
 
Indian Oil is establishing a refinery of 15 million metric tonne per annum (MMTPA) capacity at Paradip, Odisha, at an estimated cost of Rs 34,162 crore. IOCL has completed a detailed feasibility study for setting up of a polypropylene plant which is a part of proposed petrochemical complex attached to the refinery. The plant will produce 7 lakh metric tonne per annum of PP.
 
IOC is also planning to set up units for ethylene derivative project (ethylene glycol), para xylene & purified terephthalic acid (PTA), and petcoke gasification based derivatives, according to Pradhan.