Petrochemical Industry Indian Oil Invests in Propylene Units at Paradid Refinery
Indian Oil builds a new polypropylene production at its Paradid Refinery on India's East coast. The of 300,000 barrels per day facility processes crude oil from the Middle East, Asia and South America.
Bhudaneswar/India – With the new petrochemical production trains, Indian Oil accesses a whole new value chain of petrochemicals. In total, Indian Oil plans to produce around 200,000 tons of propylene per year (in addition to the 3.5 million annual tons of LPG, gasoline, diesel and jet fuel).
The facilities will be build by Swiss-American engineering giant Foster Wheeler. Kuwait Petroleum has already announced interests to buy a 26% share in the project.
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