Page 3 - Petrochemicals

Nuberg Engineering to build Rs 650 cr SRU project at IOCL's Koyali refinery

Last year IOC had signed an MoU with Gujarat for adding petrochemical and lube plants to its previously announced plans to expand crude oil processing capacity at the refinery

West Coast refinery could get a new home as demand for such plants revives

Renewed interest in adding refinery capacity in India owes to the long-term decline of the business in Europe; and in the short-run, the Ukraine war has been a key driver

Bharat Petroleum to invest Rs 1 trillion to become future-ready

India's second-largest fuel retailer is looking to create a 1,000 MW portfolio of renewable power generation capacity

Petronet LNG seeks fresh foray into the petrochemical business

Petronet LNG Ltd is looking to reclaim the lost opportunities of the past decade as it seeks fresh foray into the petrochemical business and plans to set up an LNG import facility on the east coast

Petronet to make foray into petchem business, plans LNG terminal in Odisha

Petronet LNG Ltd plans to set up a petrochemical complex at Dahej in Gujarat as it looks to make a foray into high margin business to hedge gas trading risks, Oil Secretary Tarun Kapoor said

TCG group to set up petrochem project of international scale in Tamil Nadu

TCG group will set up a petrochemicals project of international scale at Cuddalore in Tamil Nadu, a company spokesperson said on Friday.

GAIL's Q4 net jumps 28% to Rs 1,908 cr as petrochemical margins soar

Higher profitability was mainly due to improved performance of the petrochemical business as well as natural gas marketing and LPG segment

Success beyond software and services

India dominates the world market in motorcycles. What will it take to replicate this success in other industries?

Chemicals, petchem sector can contribute in achieving $5 tn economy: Gowda

The chemicals and petrochemicals sector has huge potential and can contribute significantly towards achieving the government's target of USD 5 trillion economy, Union Minister Sadananda Gowda said on Tuesday. The minister of chemicals and fertilisers presented the 10th National Awards for technology innovation in petrochemical and downstream plastic processing industry here. Having vast potential, the chemicals and petrochemicals sector could emerge as a leading sector in achieving Prime Minister Narendra Modi's vision of reaching USD 5 trillion economy at the earliest, Gowda said in a tweet. "India has potential to become a global petrochemical hub & factors like high GDP growth, presence of skilled manpower, big domestic market makes India an attractive platform for investment in the sector," he tweeted. In the current edition of the national awards, 273 nominations were received, out of which four were selected as winners and nine as runners-up.

Demand for chemicals, petrochemicals to grow 9% a year: Fertiliser minister

Chemicals and Fertilisers Minister D V Sadananda Gowda said the size of the industry is likely to grow to $300 billion by 2025

Indian refiners bet on petrochems to cater rising demand, avoid low margins

At present Indian refiners are geared up to maximise output of diesel, which makes up about two-fifths of refined fuel demand in Asia's third-largest economy

Manali Petrochemicals to invest Rs 150 crore in capacity expansion

In the first phase 24,000 TPA would be added at a cost of around Rs 60 crore, to be met through internal resources

IOC to invest Rs 17,825 cr in Gujarat refinery expansion, petchem project

IOCL net profit fell 47% annually to Rs 1,910.8 crore in the quarter ended June 30, mainly due to inventory losses stemming from fluctuations in global oil prices

IOC bets big on petrochemicals, forward integration into textile biz

Petrochemical presents a big opportunity in India as the per capita consumption still remains very low

GAIL eyess at petrochem, renewables to supplement core

Will bid for new pipelines put on offer by regulator and continue to grow gas transmission biz by laying key sections of National Grid; 7,500-km lines, mostly to eastern parts are currently being laid

OMV AG in talks to buy 39% stake in Borealis from Mubadala for $4.68 bn

Taking over the maker of polyolefins, base chemicals, and fertilizer would accelerate Chief Executive Office Rainer Seele's move toward higher-value, lower-emission oil products

Coronavirus impact: Petrochem, consumer durable players to feel the pinch

CRISIL believes that the impact will vary from sector to sector based on their respective dependence on China for imports and exports

Retail, telecom likely to boost RIL Q3 numbers; petchem set to remain weak

RIL will announce its results for the quarter ended December 2019 on Friday

ONGC may take Opal out of SEZ as domestic demand for petrochemicals grows

A DTA setup enables a company to set up manufacturing units that cater to the domestic market, while an SEZ unit is meant only for exports

Borealis to build automotive PP compounding plant in US

The new plant will help it to become local supplier to automotive OEMs & their tier partners in US