Page 47 - Plastics News January 2022

BUSINESS NEwS

SABIC Ties Up With Bamberger Polymers IOL To Invest Rs 9,028

cr For New Crude Oil

Pipeline From Mundra

ndianOil,
Ithe flagship
re fine r and
co mmer cial
enterprise with
th e la r g est
customer
interface in the
country is setting
up a new crude
oil pipeline system with a nameplate
ABIC, a global leader in the chemical will provide customers across all markets capacity of 17.5 MMTPA from Mundra
Sindustry announced today that in the Americas with new polymer (Gujarat) to Panipat (Haryana). Under
the company has selected Bamberger solutions, enhancing their products by this project, IndianOil would also build
Polymers – a global market leader in delivering ‘Chemistry that Matters™’”, 9 crude oil tanks of 60,000 KL each at
plastics distribution – as an authorized Sessions continued.“We are excited Mundra, which, apart from meeting
SABIC distributor in the Americas to with our new partnership with SABIC,” operational requirements, would also
provide customers with its engineering says Dennis Don, President and CEO help in enhancing crude oil storage
thermoplastics (ETP) and polyolefins. of Bamberger Polymers. “SABIC is an capacity in the country. The total
This strategic collaboration will further industry leader, and this program will estimated cost of the project is Rs.
expand SABIC’s market presence for bring on many new opportunities for 9,028 crore. The IndianOil Board, at its
these products and utilize Bamberger’s both Bamberger and SABIC. Adding the meeting held on 20th December 2021,
successful marketing and distribution SABIC product portfolio to our offering has approved the investment proposal.
network in the Americas.Bamberger will broaden our reach into the market IndianOil is implementing a project for
is headquartered in Jericho, NY and to help us expand our relationships capacity expansion of Panipat refinery
has a network of distribution centers with current customers and build new from 15 MMTPA to 25 MMTPA along
throughout North America as well customer relationships.” Bamberger will with the installation of Polypropylene
as Central and South America. It is begin serving SABIC customers during Unit and Catalytic Dewaxing Unit with
Q4 2021, with a primary focus on initial
the quality of their sales teams, with introductions and orientation programs targeted completion in 2nd quarter of
their knowledge and experience in together with select SABIC customers. FY 2024-25. The new pipeline system
thermoplastics and polyolefins, including Bamberger representatives will also have and crude oil tank storage would
technical support, that has resulted access to the full range of SABIC’s global help in meeting the enhanced need
in the distribution partnership with application design and testing resources of crude oil requirement due to the
SABIC.“We are delighted to have to support their relationships with expansion of the Panipat refinery. The
Bamberger on board for our ETP and SABIC customers. The company signed crude oil pipeline project is expected
polyolefins product portfolio. This a Memorandum of Understanding with to be completed in synchronization
collaboration is a win for our customers Saudi Aramco and PKN Orlen for the with the commissioning of Panipat
as Bamberger offers a broad, established exploration of potential petrochemical refinery expansion.IndianOil operates
sales network in the Americas combined growth or expansion projects in Poland a network of more than 15,000 km
with outstanding service capabilities and and Central and Eastern Europe. The long crude oil, petroleum product
technical support,” said Olga Sessions, agreement will enable studying of several and gas pipelines and, as a pioneer in
Director Americas Polymer Sales at potential collaboration and investment oil pipelines in the country, manages
SABIC. “Supporting SABIC’s growth opportunities including a new chemical one of the world's largest oil pipeline
strategy in the region, this cooperation production facility in Poland. networks.

46 PLASTICS NEWS JANUARY 2022 47 PLASTICS NEWS JANUARY 2022