Indian Oil Corporation Ltd (IOCL) is setting up polypropylene facility near its Paradip oil refinery and aims to commission within the next six months. The unit is likely to cost Rs 31.5 billion. The unit comprises coker LPG treater unit, warehouse for polypropylene storage and other associated facilities such as flare and cooling tower. The company also plans to set up a 1,200,000-tonne-per-annum purified terephthalic acid (PTA) plant and petcoke gasification-based synthetic ethanol plant in the upcoming petrochemical complex at Paradip. The projects would cost Rs 280 billion and are expected to commission by September 2021.