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IOC will build multiple refining projects

 Last Update: 2021-06-21
 Source: Internet
 Author: User

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Recently, the Indian Petroleum Corporation (IOC) said that it has signed an agreement with the Gujarat government to invest about 240 billion Indian rupees (approximately US$3.
3 billion) in the construction of multiple IOC Gujarat refineries in Vadadola.
Petrochemical project
.

It is reported that the company is building a petrochemical and lubricant integration (LuPech) project, acrylic acid/carbonyl alcohol project and other infrastructure projects
.

The LuPech project will produce imported substitutes such as lubricant base oil (LOBS) and polypropylene (PP)

IOC said that these projects will prepare the company for its future involvement in petrochemical projects such as PVC (polyvinyl chloride), styrene, acrylonitrile (ACN), polymethyl methacrylate (PMMA) and ethylene oxide
.

The total capacity of the Gujarat refinery is expected to increase to 18 million tons/year, and the current refining capacity is 4.

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