Petrochemical | 02 January 2022
NRL achieves financial closure of Rs. 18,904 Cr for its 6 MMTPA expansion project
Loan agreements with consortium of lender banks led by SBI signed
Loan agreements with consortium of lender banks led by SBI signed
The project is likely to get commissioned in the next 6 to 8 months and will manufacture Specialty Black Masterbatch and Specialty Color Masterbatch
Total petrochemical capacity of new-build and expansion projects in Asia is expected to be 477 million tonnes per annum (mtpa) by 2030 as per latest report by GlobalData
The Gumi plant has a PBAT production capability of 3000 tons per year
The project will meet the enhanced crude oil requirement arising out of capacity expansion of Panipat Refinery from 15 MMTPA to 25 MMTPA.
The implementation of this project is part of industries localization, as well as an implementation of SCZone strategy for the five years 2020/2025 in transforming Sokhna zone into a global platform for petrochemical industries
Demand for IPA is expected to rise due to expanding semiconductor market
Expansion will help meet growing demand from the European market
Expensive land around ports, high cost of containers, lack of feedstock availability, and obsolete labor policies are among the major challenges
Timely identification of issues within present ecosystem and support infrastructure in the states will help in drawing a strategic roadmap for revival of PCPIRs
Fulcrum is the first company in the U.S. to produce biofuel on a commercial scale by chemically converting municipal solid waste (MSW) into transportation fuels
Company has quadrupled annual production of phthalate-free plasticizer Eco-DEHCH in Ulsan
The estimated project cost is to the tune of Rs. 1,000 crore and it is expected to generate an annual revenue of approximately Rs. 1,500 crore for GACL
The unit would be capable of producing 25,000 tons of bioethanol per year
Its expected capacity is 1 billion lbs./year with targeted start up in 2023
BioAccelergy will provide its expertise in bio-based feed supply, genetic research and advanced catalytic process development
The encouraging initiatives on the supply side of ethanol has prompted the government to advance the target of 20% ethanol blending in petrol in the country from 2030 to 2025-26
GlobalData’s latest report reveals that out of the 281 projects expected to commence operations in India, polypropylene projects will be 21, and propylene projects will be 16. Ethylene and polyethylene projects will be 15 projects each
Oriental Energy currently has the largest UNIPOL PP process technology operating capacity in China
These materials combine fossil-based polymers with renewable raw materials according to a mass balance process, resulting in a bio-attributed composition from 80 to 95 percent
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