Indian Oil Corporation (IOCL) has awarded an EPC contract to thyssenkrupp Industrial Solutions India (tkIS India) of more than USD 100 million for 60 ktpa poly butadiene rubber (PBR) plant for its Panipat Refinery & Petrochemical Complex, Haryana.
The EPC contract includes residual process engineering, detail engineering, project management, procurement, construction, and commissioning of the plant. PBR finds applications in the manufacture of tires and additives.
The engineering consultancy will execute this project on an lump sum turnkey (LSTK) basis based on technology from a reputed licensor.