“Plastics have inspired and continue to drive innovations that help to solve society’s greatest challenges – from lifesaving technologies to more sustainable living,” Jena said while giving away the 3rd National Awards for Technology Innovation in Petrochemical and Downstream, Plastic Processing Industry in New Delhi. 
Reliance Industries Limited (RIL) recently selected Foster Wheeler as an engineering and procurement services contractor for its Paraxylene project.
SABIC expressed its confidence in India’s petrochemical industry growth opportunities, and its commitment to continue strengthening its market presence, at India Chem 2012.
Reliance Industries Ltd has posted an increase of 5.6 per cent in its net profit at Rs 4,473 crore for the first quarter ended 30th June, 2012 as compared to Q4 FY12 and decreased by 21 per cent as compared to Q1 FY12. Turnover increased by 8.1 per cent to Rs 94,926 crore as compared to Q4 FY12 and 13.4 per cent as compared to Q1 FY12.
Reliance Industries Limited (RIL) has selected Technip as a technology supplier and engineering contractor to implement its Refinery Off-Gas Cracker (ROGC) project.This is part of the expansion project being executed at RIL’s world-scale Jamnagar refining and petrochemical complex in Gujarat. 
The Department of Chemicals and Petrochemicals has said that use of biodegradable plastics alone will not ensure a check on the bad impact of plastics on environment and an appropriate system of plastics waste management is required for the plastics industry.
The Department of Chemicals and Petrochemicals (DCPC) has said it is making vigorous efforts for conferring the status of Institute of National Importance or Central University on the Central Institute of Plastic Engineering and Technology (CIPET).- Plastics are widely used these days in the field of infrastructure which includes building and construction, pipes, doors and windows profile etc., the Department of Chemicals and Petrochemicals has said.
- Indo Gulf Fertilisers has approached the Environment and Forests Ministry for environmental clearance to its second Brownfield expansion project of urea fertiliser complex at Jagdishpur Industrial Area in Uttar Pradesh's CSM Nagar district.
Indian Oil Corporation's net profit has exceeded its expectations for the quarter ending March 31. IOC, India's biggest refiner, has registered 224 per cent jump in net at Rs 12,670.43 crore in the fiscal fourth quarter against Rs 3,905.16 crore in the year ago period. Government compensation for the under-recoveries in diesel, LPG and kerosene, higher other income and lower other expenditure supported profit. The turnover for the financial year 2011-12 rose by 24.7% to Rs 4,09,957 crore from Rs 3,28,652 crore during 2010-11. The profit for the year 2011-12 is Rs 3,955 crore as compared to the profit of Rs 7,445 crore during the previous financial year.- Veda Biofuels Pvt Ltd has moved the Ministry of Environment and Forests for environmental clearance to its unit for manufacturing rectified spirit, extra neutral alcohol (ENA), ethanol, pharma alcohol and industrial alcohols at Nadipalle in Andhra Pradesh's Vizianagaram district.
Phillips 66 today announced that Reliance Industries Limited, India's largest private sector enterprise, has selected Phillips 66's E-Gas(TM) Technology for its planned gasification plants at Jamnagar. 
Dow Electronic Materials, a business unit of The Dow Chemical Company today announced its bolt-on acquisition of Lightscape Materials, Inc., a spin-off of SRI International. Lightscape Materials is a private, US-based research company with intellectual property in specialty phosphor technology. Major Lightscape Materials’ investors included Wisepower, a Korean company, and Silicon-Valley based SRI International. The investment enables Dow to add phosphor technology to the Company’s existing LED technologies portfolio.
The Department of Chemicals and Petrochemicals (DCPC) has asked the Brahmaputra Cracker and Polymer Limited (BCPL), executing the Assam gas cracker project, to respond to the suggestions made by the Department of Public Enterprise (DPE) on the issue of granting of project allowance to all BCPL employees.- The chemical industry has decided to form a core group to suggest a road map and short term and long term measures along with the current status and future requirements for alternative feedstock for the Indian petrochemical sector.
- The Department of Chemicals and Petrochemicals (DCPC) has rejected an application of Sheela Foam Pvt Ltd for import of plastic waste/scrap covered under restricted list of import for the year 2011-12.
Industry associations are of the view that all detailed measures taken them, the government and the industry should be incorporated in the final report on "capacity building scheme on plastic waste management for urban local bodies".- The Department of Chemicals and Petrochemicals (DCPC) has constituted a scheme steering committee for the purpose of considering preliminary proposals and detailed project reports from entities interested in setting up of plastic parks and for discharging various functions.
In October 2011, the Group announced a proposed reorganization or its Downstream and Chemicals segments. The reorganization became effective on January 1, 2012.- The Department of Chemicals and Petrochemicals (DCPC), various industry stakeholders and Dehradun-based Indian Institute of Petroleum (IIP) held a series of discussions on the feasibility study on "Feedstock Options on Petrochemicals".
