This marks the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms announced earlier this year.
A project start-up date of Q4 2022 is targeted for the first line.
The solution will be deployed to help improve refinery margins with real-time, closed-loop, dynamic optimization increasing the flexibility of operations.
With an annual PTA production capacity of 1.5 million tons, this would be the largest single-stream design capacity licensed by Invista.
Aim of the partnership is to encourage the construction of factories that produce petrochemical import substitutions and expected to develop the petrochemical business in the Indonesia.
The award increases the total amount of licensed volume for Novolen technology worldwide to more than 17 million m.t./yr.
Company will install eight new furnaces in place of 16 older units without reducing capacity at the facility.
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The proposed unit will have a Calcined Needle Coke (CNC) production capacity of 56 KTPA.
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Honeywell will supply its Oleflex technology for a plant with capacity for 750,000 metric tons/year of propylene.
The company may declare force majeure on certain shipments.
The multi-billion-dollar integrated project aims at producing Euro-V fuels and Polypropylene for the domestic and regional market.
Company has developed natural biomass biodegradable resin based paint, coating material with anti-bacteria, anti-virus effect.
With its enhanced oil recovery (EOR) technologies, the unit will help revive oilfield in decline by maximizing extraction efficiency from the reservoir.
The complex will supply polyolefin products for various industries in China, including packaging, transportation, building and construction, and healthcare and hygiene.
Total income for the quarter under review fell by 41.32 per cent to Rs 79.09 crore.
When operational in 2021, the plant will be the first of its kind in the Iberian Peninsula which will produce highly specialized polymers with great added value for the automotive sector due to their extraordinary resistance to impacts, positively affecting safety.
Targeted debottlenecking measures will increase the local production capacity for so-called isobutene derivatives by well over 50% by December 2021.
The new plants of DRPIC will comprise of a polypropylene (PP) plant that will utilize LyondellBasell’s Spheripol PP process technology to produce 280,000 metric tons per year (m.t./yr) of PP and a 480-m.t./yr high-density polyethylene plant which will utilize Hostalen ACP process technology.
As part of the contract, Nexans will provide cables for a new petrochemical complex for PDH Polska S.A in Poland.
The new unit is expected to come online in the fourth quarter of next year.
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