Thyssenkrupp secures Indian Oil Corp contract for 60 KTPA Rubber Plant

14 Jul 2023 CW Team

The Indian Oil Corporation (IOCL) has granted an EPC contract of over $ 100 Million to thyssenkrupp Industrial Solutions India (tkIS India) for the construction of a 60 KTPA Poly Butadiene Rubber Plant (PBR) at their Panipat Refinery & Petrochemical Complex in Haryana.

Polybutadiene rubber, which is produced through the polymerisation of butadiene, is used in the manufacturing of tires and additives. tkIS India, having experience in the implementation of various refinery and petrochemical projects, will carry out this project on an LSTK basis, utilizing technology from a reputable licensor.

The lump-sum EPC scope encompasses residual process engineering, detailed engineering, project management, procurement, construction, and plant commissioning.

Rajesh Kamath, the CEO and managing director of thyssenkrupp’s chemical plant business (thyssenkrupp Industrial Solutions) in India, expressed gratitude to IOCL for their continued trust and support in their capabilities. He stated, "tkIS India possesses extensive experience in executing petrochemical and refinery projects. This contract serves as evidence of our organization's engineering expertise, and we are determined to successfully complete it."

tkIS India has previously executed numerous refinery and petrochemical projects for IOCL across multiple refineries. In addition to ongoing contracts following the EPCM and PMC models, tkIS India is also undertaking the n-Butanol project and the Catalytic Dewaxing Project on an EPC basis for IOCL's Gujarat Refinery.

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