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Indian Petroleum to build PP plant

 Last Update: 2022-08-27
 Source: Internet
 Author: User

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Indian Oil recently announced plans to expand the capacity of its refinery in Panipat, India from 15 million tons per year to 25 million tons per year

The company said the expansion would increase the refinery's operational flexibility to meet domestic energy needs and increase the plant's petrochemicals share

The company said the expansion would increase the refinery's operational flexibility to meet domestic energy needs and increase the plant's petrochemicals share
.

IHS Markit expects Indian Oil Corporation to build around 1.
5 million tonnes/year of PP capacity in Panipat, Baroda and Chennai and Assam by 2030
.
These new PP capacity will ensure India's PP self-sufficiency
.
According to IHS Markit, the average growth rate of PP capacity in India over the past five years has been around 6.
1% per annum and is expected to continue growing at a healthy pace, reaching around 6.
8 million tonnes per annum by 2024
.

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