The refiner has also resumes manufacturing of petrochemical intermediates like HDPE (high-density polyethylene) and Polypropylene at its Panipat complex. IOC expects demand for these products to increase even further in the coming days, and has put the Naphtha Cracker and MEG (Mono-ethylene-glycol) plant at Panipat back into operation.
Other units, including a Polypropylene plant at Paradip are expected to resume operations later this month. “The revival of the Panipat Naphtha cracker will also facilitate further increase in refinery crude oil throughputs,” the company said in its statement.
The Naphtha Cracker at Panipat had to earlier reduce throughput substantially and shut down a few units, due to a build-up in polymer product stocks and logistics issues in the wake of the lockdown.
IOC in its statement said, with the gradual lifting in lockdown restrictions, several downstream industries in the plastics packaging, medical supplies and food packaging sectors have resumed operations. “As a consequence, dispatches of polymer grades such as BOPP, GPBM, PP raffia and PP yarn used in these industries have begun from Panipat,” the company said.