This diversification is part of the long -term strategy of the IOC to compensate for the decrease in the demand for fuel and increase the contribution of petrochemicals to their portfolio of products from less than 5% to 15% by 2030.
The Gujarat refinery of the Indian Oil Corporations (IOC) in Vadodara is investing ₹ 24,000 million rupees to help him diversify in the petrochemical segment by implementing two petrochemical units.
“The Energy Landscape Is Changing Vry Quickly in Our Country. In Order To Remain Future-Ready We Are Diversifying Into Petrachemical Projects. It is expectted that fuel suend Will Go Down In 10-15 Years, and Toable Weocal and Otvive And Otvive And Otvive And Otvive Otvive Weocehe and Otvive and Otvive Weocehe and Otvive and Otvive.
“Currently, we are manufacturing linear benzene alkyl (laboratory). This is the base material used in soaps and detergents. We are also manufacturing bentonite of Soulthur in small quantities. From this year, BUTRYLLE begins to manufacture formura forcelate, affacturing, affactrating, affactrating, affactrating, to the transmission, to the influx, to the influx, to the influx, to the influx, to the influx, to the Avoid, to the healing, to warm -up, to the approach, to the approach, to the approach, to the accounts, to the successful, to the approach, to the approach, to the accounts, to the approach, to the accounts, to the bid It has a capacity of 162 kpta, which has increased by 120 kpta last year.
By 2030, petrochemicals will constitute 15 percent or the IOC products portfolio. Currently, it is less than five percent. The petrochemical and lubricating integration project of ₹ 17,825 Crore (Lupech) aims to produce polypropylene and lubricating oil base stock, which increases the refinery capacity of 13.7 mmtpa to 18 mmtpa. The project includes critical units such as indmax, Octamax, propylene recovery unit, MS – ISOM & NSU, lubricating oil block, new VDU and polypropylene unit. It is expected to be responsible for 2025.
The ₹ 5,894 Crore Acrylic/Oxoalcoholhol Crore, scheduled for ending in 2025, will produce butyl acrylate, a key ingredient for paintings and coatings, adhesives and textile chemicals, which will replace imports, therefore. The project includes the configuration of the acrylic acid unit (AA), normal butyl alcohol unit (NBA), Syn gas unit, hydrogen and butyl acrylate (BA).
Posted on April 23, 2025
