Petrochemical | 27 February 2021
IndianOil to invest Rs.32, 946 Cr on expansion of Panipat refinery
The project is expected to be commissioned by September 2024.
The project is expected to be commissioned by September 2024.
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UOP will provide a range of technology licenses, engineering design, key equipment and state-of-the-art catalysts and adsorbents, operator training, and technical services for start-up and continuing operations
Company intends to use results from the Baytown trial to scale-up advanced recycling capabilities at other global facilities, targeting a circular solution for converting difficult-to-recycle plastic waste into feedstock for virgin-quality plastic
The expansion project, budgeted at $61 million, will be rolled out in 2021 and should be concluded in the fourth quarter of 2022
India has potential to become global petrochemicals hub.
The existing O2C operating team will be moving with the transfer of business and there will be no dilution of earnings or any restriction on cash flows, RIL said in its statement.
Company will invest to further increase its fluoropolymer production capacities in Changshu by 35% in 2022
SLENTEX has a more consistent surface, thickness, and robust property.
The new facility will have an annual production capacity of 100KTA.
The Authority notes that there is prima facie evidence of dumping and consequential injury to the domestic industry on account of significant volume of imports.
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Phasing out of oil based fuels will create a huge opportunity for petrochemical products.
This will be first PTA facility in Turkey.
Under this agreement, Siegwerk G7 Experts can submit G7 Master Qualifications for its customers in India.
This collaboration is aligned with Dow’s new sustainability target of stopping the waste by collecting 1 MMT of plastics to be collected.
The Board of Directors of Savita Oil Technologies has granted in-principal approval to evaluate acquisition of 100% equity shares of Savita Polymers.
3Q crude oil realisation was USD 44.2/bbl (USD 59.7/41.4 YoY/QoQ) whereas gas realisation was USD 1.9/mmbtu vs. USD 3.4/2.5 YoY/QoQ
Capex target for FY22 is of Rs 4000 crore.
Petronet LNG plans to expand Dahej's capacity to 20 MMTPA in the next three years.
The deal is likely to close in March.
The company’s ROS excluding unallocated cost increased to 15.3% due to strong margin management and cost savings.
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