PSF, PFY and POY are used as ingredients for manufacturing textilea, mostlty polyester oriented garments, carpets and other domestic products, for this, a naphtha cracker along with polymer units is expected to go on stream by 2009.
The project at Panipat, as envisaged by IndianOil would help create a world class Petrochemical Hub, Which would cater to the requirement of northern region as well as other regions.
While for IndianOil, this project is a cornerstone for big-time entry into petrochemicals as a new growth area, for the state of Haryana this project shall entail significant industrial activity in the years to come.
HSIDC is acquiring 5,000 acres of land for setting up the petrochemical hub with all the basic amenities such as internal roads, drains, sewerage system, street light, electricity effluent treatment plants, fire station, commercial & housing facilities, etc.
The petrochemical hub would require huge skilled and unskilled manpower ranging from 10,000 to 20,000 during the construction period, which may span over a decade or so.
IOC and its subsidiaries account for 56% petroleum products market share among public sector oil companies, 42% national refining capacity and 69% downstream pipeline throughput capacity.
IndianOil Corporation Ltd
marketing@alchempro.com
