A joint oil and petrochemicals refinery project to be built by the Abu Dhabi National Oil Co. (ADNOC) in India is expected to cost approximately $70 billion, said the UAE’s state-run WAM news agency. A joint economic council made up of UAE and Saudi officials reviewed plans for the facility […]
Petrochemicals
Petroleum, Chemical and Petrochemical Investment Region (PCPIR) set up at Dahej in Gujarat has emerged one of the fastest-growing industrial clusters in the country. Already, PCPIR has attracted more than Rs 1 lakh crore investments in 180 industrial units, while 650 units are at various stages of construction. The PCPIR, […]
Telangana State Industries Minister K T Rama has urged the Central government to provide financial assistance of Rs 3,418 crore for the upcoming Hyderabad Pharma City (HPC) project towards infrastructure development. In separate letters to Union Minister of Commerce and Industry Piyush Goyal and Union Minister of Petroleum, Natural Gas […]
Rs 5,500 crore viability gap funding (VGF) is expected to be provided by the government to North-East gas grid. An ET report, quoting people familiar with the matter, said that the Prime Minister’s Office has agreed to the oil ministry’s proposal of extending 60% budgetary support to the Rs 9,200 […]
Thyssenkrupp Industrial Solutions (India) has announced entering into a contract with Nayara Energy to provide project management consultancy services for the latter’s upcoming petrochemical units in Vadinar, Gujarat. In a statement, the engineering and construction consultant said Nayara Energy, which operates a 20-MMTPA refinery at Vadinar, is eyeing a foray […]
Schneider Electric said it has launched Eco Struxure Power & Process (EP&P) to drive efficiency and augment profitability in India’s rapidly evolving oil & gas sectors. The company has partnered with Microsoft to create commercial internet of things (IoT) solutions in the areas of energy management and automation. Schneider Electric, […]
Haldia Petrochemicals has signed an agreement to invest Rs 50,000 crore in Tamil Nadu, during the ongoing US visit of Chief Minister Edappadi K Palaniswami. According to a State government press release, companies like Jean Martin, Aquil Systems, Scitus Pharma, Nurray Chemicals, Novitium Labs, and Jogo Health, among others, have […]
BPCL has decided to invest Rs 1.1 lakh crore in the next five years to expand its refining, marketing, petrochemicals, pipeline and natural gas businesses. The State-owned Bharat Petroleum Corporation Limited’s Chairman D Rajkumar said, “It won’t be on refining expansion alone. For Petchem, we will invest Rs 20,000 crore. […]
Haldia Petrochemicals Ltd (HPL) has decided to invest Rs 8,000 crore more on a naphtha cracker unit and polypropylene (PP) facility in Odisha. This is over and above the Rs 70,000 crore the company had announced at the second edition of the biennial ‘Make in Odisha’ conclave in November 2018. […]
Indian Oil Corporation (IOC) Chairman Sanjiv Singh has said the oil firm will invest Rs 2 lakh crore in next 5-7 years to expand refining and petrochemical capacities in order to maintain leadership position. In the company’s annual report, he said, “IOC is implementing a Rs 2 lakh crore investment […]