IOC shut a naphtha cracker which can produce around 800,000 tonnes per year (tpy) of ethylene and it has also idled 50% of its 300,000 barrel per day (bpd) refinery in Panipat, Vaidya said at the Asia Pacific Petroleum Conference (APPEC) in Singapore.
Reuters
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Indian Oil Corp has shut its only naphtha cracker and half of its Panipat refinery since early this month for maintenance, head of refineries S M Vaidya said on Tuesday.
IOC shut a naphtha cracker which can produce around 800,000 tonnes per year (tpy) of ethylene and it has also idled 50% of its 300,000 barrel per day (bpd) refinery in Panipat, Vaidya said at the Asia Pacific Petroleum Conference (APPEC) in Singapore.
The units will resume operations on Sept. 25, he said.
Capacity of the cracker is set to be raised to 1.1 million tpy in 2021/2022, he said.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 10, 2019 07:21 pm
