New Delhi, India: At its Panipat Refinery and Petroleum Complex, the IndianOil Board has approved the construction of India's first mega-scale maleic anhydride plant to produce value-added chemical products (PRPC). The project, which has a CAPEX (Capital Expenditure)Â of Rs 3,681 crore, is expected to be completed in 54 months after receiving stage 1 investment approval.
Maleic anhydride (MAH) is used to make speciality products such as polyester resins and surface coatings, plasticisers, agrochemicals, and lubricant additives, and the project is expected to have a capacity of 120 KTA (kilo tonnes per annum). The facility will also produce 20 KTA of 1,4-butanediol (BDO), which is used in polyurethanes, polybutylene terephthalates (PBT), an engineering grade plastic, and biodegradable fibres.
This plant will also produce tetra hydro duran (THF), a value-added chemical that will help the pharmaceutical industry grow faster. THF is used in a variety of adhesives and vinyl films. "Presently, these high-demand chemicals are mostly imported by India," IndianOil Chairman S.M. Vaidya said of the newly approved project. The upcoming MAH Plant will reduce import dependency and save about $150 million in foreign exchange per year, bolstering Aatmanirbhar Bharat's mission. Furthermore, given the high potential of petrochemicals in India, petrochemicals integration is a cornerstone of our future growth strategy.
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