IOCL nods Rs 3,861 cr specialty chemicals plant for Panipat refinery
OIL & GAS

IOCL nods Rs 3,861 cr specialty chemicals plant for Panipat refinery

Indian Oil's Panipat Refinery in Haryana has approved a Rs 3,681 crore plan to build a mega-scale maleic anhydride unit for manufacturing high-volatility speciality chemicals.

On Monday IOCL chairman S M Vaidya told the media that the majority of these high-demand chemicals are imported. The upcoming plant will reduce import dependency and save about $150 million in foreign exchange per year, strengthening Atma Nirbhar Bharat's mission.

Maleic anhydride (MAH) is a high-value speciality chemical that is used to make polyester resins and surface coating plasticisers, as well as agrochemicals and lubricant additives.

Vaidya informed that given the high potential of petrochemicals in India, petrochemicals integration is a cornerstone of future growth strategy. After the expansion plan is implemented, Indian Oil's basket of niche products will be consolidated, and the lube and petrochemical integrity index of the Panipat refinery will increase to more than 15%.

From the date of Stage-l investment approval, the proposed unit is expected to be completed in 54 months. The plant will have a capacity of 120 kilo tonnes per annum (kta) of maleic anhydride, according to a statement released by the company on Monday.

This plant will also produce tetrahydrofuran (THF), a high-value chemical that will help the pharmaceutical industry grow faster. THF is used in a variety of adhesives and vinyl films.

The plant will produce 20 kta of 1,4-butanediol, which is used in polyurethanes, polybutylene terephthalates, engineering grade plastic, and biodegradable fibres.

Indian Oil's business interests span the entire hydrocarbon value chain, including refining, pipeline transportation, petroleum product marketing, and crude oil, natural gas, and petrochemical exploration and production. Indian Oil has dabbled in alternative energy and downstream globalisation.

Image Source

Also read: IOCL to set up hydrogen manufacturing facilities in three states

Indian Oil's Panipat Refinery in Haryana has approved a Rs 3,681 crore plan to build a mega-scale maleic anhydride unit for manufacturing high-volatility speciality chemicals. On Monday IOCL chairman S M Vaidya told the media that the majority of these high-demand chemicals are imported. The upcoming plant will reduce import dependency and save about $150 million in foreign exchange per year, strengthening Atma Nirbhar Bharat's mission. Maleic anhydride (MAH) is a high-value speciality chemical that is used to make polyester resins and surface coating plasticisers, as well as agrochemicals and lubricant additives. Vaidya informed that given the high potential of petrochemicals in India, petrochemicals integration is a cornerstone of future growth strategy. After the expansion plan is implemented, Indian Oil's basket of niche products will be consolidated, and the lube and petrochemical integrity index of the Panipat refinery will increase to more than 15%. From the date of Stage-l investment approval, the proposed unit is expected to be completed in 54 months. The plant will have a capacity of 120 kilo tonnes per annum (kta) of maleic anhydride, according to a statement released by the company on Monday. This plant will also produce tetrahydrofuran (THF), a high-value chemical that will help the pharmaceutical industry grow faster. THF is used in a variety of adhesives and vinyl films. The plant will produce 20 kta of 1,4-butanediol, which is used in polyurethanes, polybutylene terephthalates, engineering grade plastic, and biodegradable fibres. Indian Oil's business interests span the entire hydrocarbon value chain, including refining, pipeline transportation, petroleum product marketing, and crude oil, natural gas, and petrochemical exploration and production. Indian Oil has dabbled in alternative energy and downstream globalisation. Image Source Also read: IOCL to set up hydrogen manufacturing facilities in three states

Next Story
Infrastructure Transport

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Next Story
Infrastructure Urban

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Next Story
Technology

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?