Nov 17 2017 | India Opportunities

Polymerization and yarn unit at Paradip

Indian Oil Corporation Ltd (IOCL) has signed an MOU with Haldia based MCPI Ltd for setting up a Textile Park in Odisha. MCPA is manufacturing and selling Purified Terephthalic Acid (PTA). The company plans to establish a continuous polymerization and yarn unit in a joint venture with MCPI. The unit would utilize mono ethylene glycol from proposed plant of IOCL at Paradip and purified terephthalic acid (PTA) from existing units of MCPI at Haldia.

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