IndianOil to Build India’s First SBR Plant

IndianOil aims to sign an agreement with two international partners by the end of August to build India’s first styrene butadiene rubber (SBR) plant, company sources tell CW. The 120,000-m.t./year SBR unit will be constructed at IndianOil’s Panipat site at which the company is building a petchem complex based on an 860,000-m.t./year, Lummus-process ethylene plant, due for completion by the end of 2009. Total costs of the SBR plant, including a butadiene extraction unit, will be about Rs7.61 billion ($177.5 million). IndianOil will hold a 48% stake in...

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