OREANDA-NEWS. In continuation of its commitment towards providing value added polymer grades to Indian polymer industry, IndianOil launched a high productivity HDPE grade, Propel HDPE 080M60, for injection moulding applications at a function held at Courtyard Marriott, Ahmedabad on February 5, 2015. Mr. D. Sen, IndianOil's Director (P&BD) unveiled the product in the presence of Mr. Siddhartha Mitra, ED (Petrochemicals), Mr. A.K Verma, GM (Petrochemicals) and other senior officials from IndianOil. Senior functionaries from Federation of Indian Chambers of Commerce and Industry (FICCI), Chemicals & Petrochemicals Manufacturers' Association of (CPMA), PlastIndia, Organisation of Plastic Products of India (OPPI), Confederation of Indian Industry (CII) also graced the occasion with their presence.

The new high productivity polyethylene grade in injection moulding sector is being introduced for the first time by a polymer resin manufacturer in the world, thereby bringing cutting edge competitive advantage to end customers. It offers significant improvement in product performance in injection moulding applications such as material handling crates, caps and closures, household articles and thin walled products, resulting in increased productivity, energy saving, enhanced product aesthetics and excellent dimensional stability.

Keeping in view the growth momentum in Indian petrochemicals industry, it offers a huge potential for future. Sizeable opportunities also exist for the export of petrochemicals in Asian region. Consequently, IndianOil is keenly devising its petrochemicals plan, both in terms of creation of infrastructure and marketing. The Corporation has implemented petrochemicals projects worth Rs. 20,500 crores upto 2013-14. Further plans are on the anvil for various petrochemicals projects worth approx. Rs. 34,000 crores to be launched by 2021-22.