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World News and Views :: Top of the News
Indian Oil plans acrylic acid and esters complex, PP decision expected soon
5:55 AM MST | January 22, 2014 | Natasha Alperowicz
Indian Oil (New Delhi) is planning to significantly expand its petrochemical business in the country, S. Mitra, executive director/petrochemicals tells CW. The company aims to develop its Koyali, Gujarat State, site through investments in acrylic acid and esters. Meanwhile a final investment decision on its previously announced polypropylene (PP) investment at Paradip is expected in the “next month or two,” he says. The PP project will include two lines, each designed to produce 350,000 m.t./year. The project will be based on...
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