Indian Oil Corporation (IndianOil) said that its board has accorded stage 1 approval for a styrene monomer project to be developed with a cost of INR 44.95 billion ($600 million) at its Panipat Refinery & Petrochemical Complex. The styrene monomer project will have a capacity of 387 thousand metric tonnes per annum (TMTPA). Anticipated to […]
McDermott International has received a technology contract for grassroots fluid catalytic cracking unit (FCC unit) for the Panipat Refinery in Haryana, India owned by Indian Oil Corporation Limited (IOCL/ IndianOil). With a value between $1 million and $50 million, the contract involves technology license, basic engineering, proprietary equipment, training and technical services. The fluid catalytic […]