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Indian Oil to start up MEG unit in Odisha by 2021

Published on September 8, 2018

State owned company Indian Oil Corp (IOC) is planning to start its MEG in Odisha by 2021. The plant will be located at IOC’s petrochemical complex linked to its 15m tonne/year Paradip refinery. The company has taken the necessary approvals and licenses for the same. The plant is likely to be commissioned by April 2021. OC also plans to build a 1.2m tonne/year purified terephthalic acid (PTA) plant at the site. The project will incur an investment of Rs 145bln . IOC also plans to invest Rs20bn in a 108,000 tonne/year polyester staple fibre (PSF) plant. IOC also plans to expand capacities at its Panipat refinery in Haryana state; Koyali refinery in Gujarat state; Barauni refinery in Bihar state; and Mathura refinery in Uttar Pradesh state.

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