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IndianOil awards contracts to LTHE to set up new EG project in Paradip

February 12/2019

MOSCOW (MRC) -- Indian Oil Corp. (IndianOil) has awarded two engineering, procurement, construction and commissioning contracts to L&T Hydrocarbon Engineering Ltd. (LTHE) to set up an ethylene glycol (EG) plant, ethylene recovery unit (ERU) and associated facilities at IndianOil's refinery in Paradip, Odisha, India, as per Apic-online.

The lump-sum turnkey contracts involve building a new 357,000-t/y EG unit, based on technology from Scientific Design, and a new 180,000-t/y ERU, based on McDermott's Lummus Technology.  A schedule for the project was not available.

In a stock exchange filing last April, IndianOil said the EG unit was estimated to cost Rs 4,221 crore and would help meet the growing domestic demand for EG.

As MRC wrote before, Indian Oil Corporation's Rs 34,555-crore 15 million tonnes per annum Paradip Refinery was commissioned in phases from March 2015 onwards. Indian Oil Corporation was conducting feasibility studies to set up a petrochemical complex at Paradip in Odisha for Rs 20,000 crore. The petrochemical complex will be built in the vicinity of the companys to-be-commissioned 15-mln tpa greenfield refinery at Paradip. The petrochemical complex will be in addition to the already announced Rs 3,150-crore polypropylene project at the same location, the foundation stone for which was laid by MOS for petroleum and natural gas.

LTHE is a wholly-owned subsidiary of Larsen & Toubro.

Indian Oil Corporation Limited, or IndianOil, is an Indian state-owned oil and gas corporation with its headquarters in New Delhi, India.


mrcplast.com
Author:Margaret Volkova
Tags:PP, propylene, ethylene, petrochemistry, Indian Oil Corp, India.
Category:General News
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