Petro Chemical

Iran launches multiple petchem projects

Petro ChemicalAugust 07, 2020

Iran launches multiple petchem projects

The country plans to launch 17 petrochemical projects by the end of the current Iranian calendar year, which ends on March 20, 2021.

MRPL swings to loss due to lower crude demand

Petro ChemicalAugust 07, 2020

MRPL swings to loss due to lower crude demand

The company said that the crude throughput for the quarter was significantly lower due to lower demand for petroleum products on account of Covid-19 pandemic.

BASF to acquire SPC, China's alkoxylate assets

Petro ChemicalAugust 06, 2020

BASF to acquire SPC, China's alkoxylate assets

Acquisition will help meet the growing demand for alkoxylates in the APAC market, especially in China.

Johnson Matthey awarded technology license for methanol synthesis plant in China

Petro ChemicalAugust 05, 2020

Johnson Matthey awarded technology license for methanol synthesis plant in China

With a planned capacity of 7,200 metric tons per day (m.t./d), the methanol plant will be the largest single train methanol plant in the world once completed.

Govt. simplifies guidelines for marketing of oil

Petro ChemicalAugust 04, 2020

Govt. simplifies guidelines for marketing of oil

The simplified guidelines aim at increasing private sector participation in the marketing of petrol and diesel.

Kansai Nerolac Paints Q1 revenue down 59%

Petro ChemicalAugust 03, 2020

Kansai Nerolac Paints Q1 revenue down 59%

Both sales and bottom-line were impacted as a result of COVID-19

Indian Oil gives go ahead for Rs. 13,805 Cr PX-PTA complex

Petro ChemicalAugust 01, 2020

Indian Oil gives go ahead for Rs. 13,805 Cr PX-PTA complex

The PX-PTA complex shall be integrated with IndianOil’s Paradip Refinery, which is operational from 2015 and will be completed by early 2024.

Asian completes first phase of Cambay 2D work for Vedanta

Petro ChemicalAugust 01, 2020

Asian completes first phase of Cambay 2D work for Vedanta

The company is also in the process of submitting bids for Oil India and ONGC tenders.

Reliance O2C Petrochemicals revenue down 33%

Petro ChemicalJuly 31, 2020

Reliance O2C Petrochemicals revenue down 33%

Decline due to lower price realizations with disruptions in local and regional markets amid Covid-19 outbreak.

Reliance O2C Refining & Marketing 1Q FY21 revenue down 54.1%

Petro ChemicalJuly 31, 2020

Reliance O2C Refining & Marketing 1Q FY21 revenue down 54.1%

Lower crude oil price and lower throughput key reasons for revenue decline.