News Release Details

IndianOil to set up India’s first mega-scale Maleic Anhydride Plant at Panipat
New Delhi 01-Nov-2021

IndianOil to set up India’s first mega-scale Maleic Anhydride Plant at Panipat

To significantly reduce India’s import dependence and strengthen Aatmanirbhar Bharat Mission

A-Glimpse-of-IndianOil-PRPC New Delhi, 1st November 2021: IndianOil Board has greenlighted the setting up of India’s first mega-scale Maleic Anhydride Plant to manufacture value-added chemical products at its Panipat Refinery and Petroleum Complex (PRPC). The project with CAPEX of Rs 3681 crore will be commissioned in 54 months from stage 1 investment approval. The project is proposed to have a capacity of 120 KTA (Kilo Tonnes per Annum) of Maleic Anhydride (MAH) that is used to make speciality products like polyester resins and surface coatings plasticizers, agrochemicals and lubricant additives. The plant will also manufacture 20 KTA of 1,4-Butanediol (BDO) that finds applications in Poly Urethanes (PU), Poly Butylene Terephthalates (PBT) - an engineering grade plastic and biodegradable fibres. Another value-added chemical, 16 KTA of Tetra Hydro Furan (THF), will also be produced from this plant to accelerate the growth of the pharmaceutical industry. THF is also widely used in adhesives and vinyl films.

Speaking on the newly approved Project, Mr S M Vaidya, Chairman, IndianiOil, said, “Presently, these high demand chemicals are mostly imported by India. The upcoming MAH Plant will reduce import dependence and save foreign exchange of about USD 150 million per year, thus strengthening the mission of Aatmanirbhar Bharat. Moreover, petrochemicals integration is the cornerstone of our future growth strategy, given the high potential of petrochemicals in India. This project will consolidate IndianOil’s basket of niche products and increase the Lube and Petrochemical Integrity Index of Panipat Refinery to more than 15% after the refinery expansion plan is implemented”.

The ongoing expansion of the Panipat Refinery (envisaging capacity expansion of the refinery from 15 MMTPA to 25 MMTPA) and the implementation of petrochemical and other specialized units will make this Refinery one of the most advanced and integrated refinery and petrochemical complexes in Asia, with a complexity index of over 15. The expansion blueprint includes units like Indmax for deriving maximum value from the petrochemical molecule, Polypropylene unit and a Lube complex for producing lube oil base stock apart from other refinery units. The existing Olefinic and Aromatic complex shall also be expanded along with the implementation of grass-root speciality petrochemical units like the Styrene unit and the just-approved Maleic Anhydride Unit.

K. John Prasad
Chief General Manager
Corporate Communications
Indian Oil Corporation Ltd.

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The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
ndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.