Latest News | Thyssenkrupp Industrial Solution Bags USD 100 Million Contract from IOC Panipat

Mumbai, Jul 12 (PTI) Thyssenkrupp Industrial Solution India, a unit of the German engineering major, on Wednesday said it bagged a USD 100-million order from Indian Oil Corporation to build a polybutadiene rubber plant at Panipat refinery complex in Haryana.

Polybutadiene rubber is manufactured from the polymerization of butadiene and has applications in manufacturing tyres and additives.

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Thyssenkrupp Industrial Solutions will execute this project, with 60 kilo tonne per annum capacity, based on technology from a reputed licensor, the company said.

The lump-sum EPC (engineering, procurement and construction) scope includes residual process engineering, detail engineering, project management, procurement, construction & commissioning of the plant, Rajesh Kamath, chief executive of Thyssenkrupp Industrial Solutions' chemical plant business said.

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Thyssenkrupp Industrial Solutions is into petrochemical and refinery, fertilizers, chlor-alkali, green chemicals, cryogenic storages etc. and has executed multiple refineries and petrochemical projects for IOC across its refineries.

At present, apart from 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 IOC's Gujarat refinery.

The company has executed over 850 projects in the past four decades on various modalities.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)