Page 4 - Petrochemicals

Indian refiners bet on petrochems to cater rising demand, avoid low margins

At present Indian refiners are geared up to maximise output of diesel, which makes up about two-fifths of refined fuel demand in Asia's third-largest economy

Manali Petrochemicals to invest Rs 150 crore in capacity expansion

In the first phase 24,000 TPA would be added at a cost of around Rs 60 crore, to be met through internal resources

IOC to invest Rs 17,825 cr in Gujarat refinery expansion, petchem project

IOCL net profit fell 47% annually to Rs 1,910.8 crore in the quarter ended June 30, mainly due to inventory losses stemming from fluctuations in global oil prices

IOC bets big on petrochemicals, forward integration into textile biz

Petrochemical presents a big opportunity in India as the per capita consumption still remains very low

GAIL eyess at petrochem, renewables to supplement core

Will bid for new pipelines put on offer by regulator and continue to grow gas transmission biz by laying key sections of National Grid; 7,500-km lines, mostly to eastern parts are currently being laid

OMV AG in talks to buy 39% stake in Borealis from Mubadala for $4.68 bn

Taking over the maker of polyolefins, base chemicals, and fertilizer would accelerate Chief Executive Office Rainer Seele's move toward higher-value, lower-emission oil products

Coronavirus impact: Petrochem, consumer durable players to feel the pinch

CRISIL believes that the impact will vary from sector to sector based on their respective dependence on China for imports and exports

Retail, telecom likely to boost RIL Q3 numbers; petchem set to remain weak

RIL will announce its results for the quarter ended December 2019 on Friday

ONGC may take Opal out of SEZ as domestic demand for petrochemicals grows

A DTA setup enables a company to set up manufacturing units that cater to the domestic market, while an SEZ unit is meant only for exports

Borealis to build automotive PP compounding plant in US

The new plant will help it to become local supplier to automotive OEMs & their tier partners in US

PM Narendra Modi inaugurates OPaL's Rs 30,000-cr petrochemical complex

The Dahej complex to have capacity to produce 14 lakh tonnes of polymers & 5 lakh tonnes of chemical

Petrochem majors step on the gas pedal

Studies say demand for polyethylene in India will rise at a CAGR of 8% over the next few years

Odisha to rope in fertiliser firms for petrochemical hub

The state govt initiated talks with some fertilizer makers keen to set up their units in Odisha

Toray to enhance PP spunbond nonwoven fabric capacity in South Korea

Toray Group as a major PP spunbond supplier in Asia is expanding its business into emerging markets such as China, India and ASEAN countries to tap the disposable diapers industry