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India is amongst the fastest growing petrochemicals markets in the world. Taking this into consideration and to enhance its downstream integration, IndianOil is focusing on increasing its presence in the domestic petrochemicals sector besides the overseas markets through systematic expansion of customer base and innovative supply logistics.
Petrochemicals have been identified as a prime driver of future growth by IndianOil. The Corporation is envisaging an investment of Rs 30,000 crore in the petrochemicals business in the next few years. These projects will utilise product streams from the existing refineries of IndianOil, thereby achieving better exploitation of the hydrocarbon value chain.
Beginning with a low-investment, high-value projects such as Methyl Tertiary Butyl Ether (MTBE) and Butene-1 at Gujarat Refinery, Vadodara, IndianOil has set up a world-scale Linear Alkyl Benzene (LAB) plant at Gujarat Refinery and an integrated Paraxylene/Purified Terephthalic Acid (PX/PTA) plant at Panipat. A Naphtha Cracker complex with downstream polymer units is coming up at Panipat and a refinery-cum-petrochemicals complex is proposed at Paradip on the east coast of India.
These initiatives are designed to catapult IndianOil among the top three petrochemicals players in Southeast Asia in the long term.
In order to penetrate the petrochemicals market effectively, a separate Strategic Business Unit (SBU) has been created in IndianOil for marketing of petrochemicals. This SBU has five exclusive sub-groups, classified product wise (LAB, PTA, Polymers) and function wise (Logistics & Exports), in addition to regional/field set-ups to offer reliable customer service. This SBU has already established IndianOil's LAB business both in India and abroad. Today, IndianOil is a major supplier to the key players in the detergent industry, both national and international. Similarly, in PTA business, all major domestic customers are catered to by IndianOil. A robust logistics model has been the key to IndianOil's success story and facilities have been put in place for seamless product dispatches to customers by rail, road and sea.
Mega Plants:
Linear Alkyl Benzene (LAB) plant, Gujarat Refinery: With an installed capacity of 1, 20,000 tonnes per annum (TPA), it is the largest grassroots single-train Kerosene-to-Lab unit in the world. Currently the plant produces two grades of superior quality LAB-high molecular weight and low molecular weight for manufacture of environment-friendly biodegradable detergents.
Paraxylene/Purified Terephthalic Acid (PX/PTA), Panipat: It is the most technologically advanced plant in the country which manufactures ParaXylene (PX) from captive Naphtha, and thereafter converts into Purified Terephthalic Acid (PTA) The PX plant is designed to process 5, 00,000 TPA of heart-cut Naphtha to produce 3, 60,000 TPA of PX whilst the PTA plant has a world scale capacity of 5, 53,000 TPA.
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