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IOCL Selects LYB’s Advanced Technology for Paradip HDPE Facility

LyondellBasell (LYB), the world's largest licensor of polyolefin technologies, announced that Indian Oil Corporation Ltd. (IOCL) has selected its Hostalen Advanced Cascade Process (Hostalen ACP) technology for a new 500 kiloton per year (kta) high-density polyethylene (HDPE) facility in Paradip, India.

The new HDPE plant will be integrated into IOCL's Paradip complex, one of India's largest integrated refinery-petrochemical complexes. Located on the eastern coast of India in the state of Odisha, the Paradip facility plays a strategic role in serving the growing polymer market in the Indian subcontinent. The complex, which includes a 15 million tonnes per year refinery, will benefit from the addition of this state-of-the-art HDPE unit to its existing petrochemical operations.

"This collaboration exemplifies our commitment to building long lasting partnerships that address our customers' unique needs while contributing to global solutions," said Patrik Schneider, director of Global Licensing at LYB. "The low-pressure slurry HDPE process is already well known to the Indian market and the resins are much appreciated by converters across all sectors."

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