Friday, February 08, 2008

IOC plans Rs 5,000 cr paraxylene plant at Haldia : seeks Board approval

IndianOil plans to seek approval from its board next month, for the Rs 5,000 crore paraxylene unit at the Haldia refinery. MCC PTA India Corporation Pvt. Ltd. (a subsidiary of Tokyo-based Mitsubishi Chemical Corporation) has set up a plant for producing purified terephthalic acid (PTA) - Paraxylene produced at the proposed plant will find ready use as a feedstock in MCC's PTA plant.

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