State-owned oil firm Indian Oil Corporation Limited (IOCL) has awarded an EPC contract to Thyssenkrupp Industrial Solutions India of approximately more than US$100 Million for a 60 kilotonnes/year polybutadiene rubber plant (PBR) at its Panipat Refinery & Petrochemical Complex, Haryana, India. Thyssenkrupp India is a subsidiary of Thyssenkrupp Uhde, which is a part of the giant technology Thyssenkrupp AG, based in Germany.
Polybutadiene rubber, manufactured from the polymerisation of butadiene finds its applications in the manufacture of tyres and additives.
The lump-sum EPC scope includes residual process engineering, detail engineering, project management, procurement, construction, and commissioning of the plant.
“Thyssenkrupp Industrial Solutions (India) comes with a rich experience in the execution of petrochemical and refinery projects. We thank IOCL for their continued trust and support in our capabilities. This contract is proof of the engineering expertise we hold as an organization and we are motivated towards its successful completion,” said Rajesh Kamath, CEO/Managing Director of Thyssenkrupp’s chemical plant business in India.
In the past, Thyssenkrupp India has executed multiple refineries and petrochemical projects for IOCL across its various refineries. At present, apart from the other contracts being executed on EPCM and PMC models, it is also implementing the n-butanol project and catalytic dewaxing project on EPC basis for IOCL’s Gujarat refinery.