Naphtha Cracker Expansion project Indian Oil Plans Cracker Expansion
According to recent media reports,Indian oil plans the expansion of its naphtha cracker in Panipat to 1.2 million tons per year by the end of 2019. The estimated budget for this project would be in the mid-triple digit million dollar range.
Singapore – According to news agency Reuters, Indian Oil's executive director announced plans to boost the cracker capacity at Panipat, as domestic demand is growing. Currently, around 90 % of Indian Oils cracker products such as as ethylene and propylene, the building blocks for plastics or polymers, are sold to domestic customers.
Panipat currently processes over 2 million tonnes of naphtha from nearby refineries, including Indian Oil's own Mathura and Haldia. Indian Oil is currently the largest refiner in India, processing up to 200 million tons of crude per year and exporting an average of 800,000 tons of naphtha.