Preparing for the rainy day has become one of the priorities for India’s oil marketing companies (OMCs). With the drive for clean energy, as also finite resources, making the future of fossil fuels uncertain, the public sector giants are steadily positioning themselves as petrochemical-makers.
Prime Minister Narendra Modi will lay the foundation stone of Barmer Refinery-cum-Petrochemical complex in December
The Indian Oil Corporation Ltd. (IOCL), under the aegis of the ministry of petroleum and natural gas, is organising a first-of-its-kind petrochemical investors conclave on November 16 to attract investments in the petroleum and plastic sectors.
State-owned GAIL Limited has approached the ministry of Environment, Forest and Climate Change for setting up a 1-million-tonne per annum capacity Greenfield Petrochemical Complex in East Godavari of Andhra Pradesh.
State-owned Indian Oil Corp (IOCBSE 7.99 %) today said its board has approved Rs 15,034 crore investment to expand its Gujarat refinery by 2022.
The Centre is planning to set up petrochemical clusters in eastern, western and southern India, to spur growth of the sector amid increasing demand, union minister Dharmendra Pradhan said here today.
India’s largest investor in Egypt’s chemical business is planning to increase its investments in the Middle Eastern country to USD 1.5 billion, the company’s top executive has said.
India is talking to Saudi Aramco and Abu Dhabi National Oil Company to invest here in refinery and petrochemical projects, Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Thursday
Reliance Industries-SIBUR JV Plans To Set Up South Asia’s First Halogenated Butyl Rubber Unit At Jamnagar
Halogenated butyl rubber is a key ingredient for manufacturing inner liner of tubeless tyre. With the Indian automobile trend aligning with global trends, penetration of tubeless tyres is expected to accelerate in the Indian market, resulting in an increased demand of halogenated butyl rubber. The ingredient is also used in the manufacture of pharma stoppers, inner liner of storage tanks, etc.
Reliance Industries Limited (RIL) and Russian petrochemical giant SIBUR signed an MoU at the recently-concluded Vibrant Gujarat Summit at Gandhinagar