LyondellBasell (Rotterdam, the Netherlands) announced that Indian Oil Corporation Ltd. (IOCL) will use the LyondellBasell Spheripol technology for a new facility.
The process technology will be used for a polypropylene (PP) plant to be built in Panipat, Haryana State, India, which will have a PP production capacity of 450,000 metric tons per year (m.t./yr).
“We are excited about this additional award for our Spheripol technology at the Panipat site,” said Jim Seward, Senior Vice President, R&D, Technology and Sustainability at LyondellBasell. “The remarkable licensing track record of our polyolefin technology portfolio and our own build in asset operation experience makes the Spheripol’s process the technology of choice if plant operability, leading operating cost and excellent product properties are key in differentiating within the specific market place.”
Indian Oil is already operating polypropylene plants with a total capacity of 1,300,000 m.t./yr at its Panipat and Paradip sites in India which are also based on LyondellBasell’s proprietary Spheripol technology. LyondellBasell’s Hostalen technology is additionally employed by IOCL to produce 300 KTA of HDPE product. Indian Oil is aiming to almost double the polypropylene production capacity in the next five years and is the largest commercial enterprise of India, having the largest refining capacity and having the second largest share of Indian Petrochemical market.