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Indian Oil offers new range of petrochemical products

September 23/2010

(NewsLive) -- Indian Oil, the leader in the downstream petroleum business, launched its PROPEL range of petrochemical products here today, after successfully completing its world scale petrochemical projects in record time. The company, acknowledged as the leader in the petroleum downstream sector in the country, is expected to bring to play its formidable reach, network and infrastructure into the petrochemicals business.

 

Having identified Petrochemicals business as the prime driver of future growth, IndianOil had earmarked Rs. 30,000 crore (US $ 6.8 billion) investments during 2007-12 in world-class plants and a countrywide marketing infrastructure. These plants have been designed to use product streams from the Corporations own refineries, to produce a wide range of value-added petrochemical products and intermediates for segments as diverse as detergents, polyesters and polymers/plastic. IndianOil had projected a turnover of Rs. 18,000 crore from its petrochemicals business by the year 2011-12, making it one of the largest petrochemicals players in the country within a short period of time.

 

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Indian Oil offers new range of petrochemical products

 

 

 

 

 

 

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