Styrene Monomer Plant Tender

Scope Indian state-controlled refiner IOCs board of directors has given stage one approval to build the countrys first styrene monomer SM plant at its Panipat refinery and petrochemical complex. This 387000 tyr SM plant is expected to be commissioned by the 2026-27 fiscal year ending 31 March with it part of the north Indian refinerys expansion project boosting its crude processing capacity from 300000 bd to 500000 bd. The new SM plant will consume the increased ethylene from the expansion and IOCs existing 120000 tyr benzene production.SM is used to produce plastic and resins such as polystyrene acrylonitrile butadiene styrene unsaturated polyester resins synthetics rubbers with it also used in painting and coating applications.India currently relies completely on SM imports from the Middle East and southeast Asia with it adding South Korea Taiwan China and the US as suppliers in recent years.