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19-Aug2016

Centre defers its decision on granting green nod to IOC's Panipat Styrene project

The Centre's green panel has deferred its decision on granting Environment Clearance (EC) to Indian Oil Corporation's (IOC) Rs 593 crore Styrene and Ethylene project at Panipat in Haryana, for want of more information. The Expert Appraisal Committee (EAC) examined IOC's proposal in the recent meeting and after detailed deliberation, the committee sought additional information.

The company has proposed setting up of Styrene and Ethylene recovery units in the existing Panipat Naphtha Cracker Complex (PNCC) at a cost of Rs 593 crore. It has also proposed another unit Ethylene Recovery Unit (ERU) -- inside the PNCC to extract Ethylene (18.8 KTA), Ethane (73.6 KTA) and Propylene (12 KTA) from off gas of Panipat Refinery.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.




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