Indian Oil Corporation (IOC) is the second largest player in the Indian petrochemicals market. It is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas.
Recently, Indian Oil launched ‘Cyclopast’- a brand of recycled plastics, to achieve ‘Plastics Neutrality’ as part of their green Initiatives. It launched sustainable garments made from recycled PET bottles under the brand name “Unbottled”.
IOC said that the launch of Cycloplast is a leap toward an eco-friendlier future. IOC’s new brand of polymer recyclate integrates recycled petrochemicals with virgin/solo plastic, shifting the paradigm of manufacturing and consumption to promote sustainable practices.
“Turning Trash Into Treasure. Indian Oil Cycloplast is revolutionizing the way we view the plastic waste,” IOC added.
IOC’s Petrochemicals product portfolio includes Polymers (LLDPE, HDPE & PP), Linear Alkyl Benzene (LAB), Purified Terephthalic Acid (PTA), Glycols (MEG, DEG, TEG) and Butadiene. IndianOil also manufactures Styrene Butadiene Rubber (SBR) in joint venture with Taiwan’s TSRC.
The world-scale petrochemical plants are integrated with Indian Oil’s Gujarat, Panipat and Paradip refineries and impart flexibility to plant operations. Plans are also afoot to double the company’s existing Petrochemicals capacity over next 4-5 years.
The launch of Cycloplast is a leap toward an eco-friendlier future. #IndianOil's new brand of polymer recyclate integrates recycled petrochemicals with virgin/solo
— Indian Oil Corp Ltd (@IndianOilcl) August 20, 2023
plastic shifting the paradigm of manufacturing and consumption to promote sustainable practices#SustainableSaturday pic.twitter.com/oTG3HCnbJy
