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IOC undertakes feasibility studies for PP and phenol plants in West Bengal

September 29/2011

(Plastemart) -- Indian Oil Corporation Ltd is undertaking feasibility studies for production of polypropylene and phenol in the state of West Bengal. Post feasibility studies, an investment outlay of Rs 3500 crore has been earmarked for the 60000 tpa PP project, likely to be sited at Paradip where a cracker is under construction and will be commissioned in 2012-13. A feasibility study is to be undertaken for a 250 KTa phenol unit in West Bengal for which he site has not been identified.

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