IndianOil board's nod for Rs 13,805 cr integrated PX-PTA complex in Odisha
Statesman, Delhi   11-Aug-2020

The IndianOil Board has given its go-ahead for the implementation of an Integrated Para-Xylene (PX) and Purified Terephthalic Acid (PTA) complex project at Paradip, Odisha, at an estimated investment of Rs 13,805 crore at the Board meeting held here today. The PX-PTA complex shall be integrated with IndianOil's Paradip Refinery, which is operational since 2015.

Speaking on the occasion, SM Vaidya, Chairman, IndianOil, said, "This plant, along with the upcoming MEG (Mono-Ethylene Glycol) plant of 357-KTA (kilo tonnes per annum) capacity at Paradip, would be a ready source of feedstock for IndianOil's upcoming 300-KTA textile yarn manufacturing project at Bhadrak in Odisha, and can similarly facilitate other textile and polyester projects in the region.