Petrochemical

By 2030, India is projected to account for a third of new global petrochemical capacity additions. The shift could hurt regional exporters, as over 50 per cent of India and China's chemical imports currently originate in Asia.

Centre extends export obligation period in major relief for chemical exporters

The Advance Authorization Scheme allows importers to bring in duty-free raw materials for export production without adhering to QCOs, which ensures seamless export operations.

India, Saudi Arabia to boost cooperation in fertilizer, petrochemical and mining sectors

These sectors were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and Saudi Minister for Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef in Riyadh

India needs to cut reliance on imported feedstocks, says Chemicals Minister Nadda

There is a need to explore alternative feedstocks like biomass plastic waste and green hydrogen while also expanding domestic sources of natural gas and coal, Nadda said

Petrochemicals demand set to improve, says Motilal Oswal

Motilal Oswal said that Gas Authority of India, Reliance Industries, and Indian Oil Corporation are well-positioned to benefit from the demand recovery.

Duty concessions on petrochemical products a sticking point in India-Oman FTA talks

Certain domestic players from both public and private sectors are opposing duty concessions on these products under the agreement.

Europe's petrochemical industry is heading for death row

In Europe, natural gas is about five times more expensive than in the US. Right now, it’s cheaper to buy ethylene in Texas and ship it across the Atlantic for further processing in EU than producing it at home. With petrochemical companies doing that, the net result is loss of economic activity in Europe, erosion of trade balance in chemical products and, ultimately, the loss of jobs and energy security

UK sanctions four Russian steel and petrochemical tycoons

Those sanctioned included Alexander Abramov and Alexander Frolov, who Britain described as known associates of oligarch Roman Abramovich, who was himself sanctioned earlier this year.

Pakistan convinces Saudi Arabia to revive $12 billion refinery, petrochemical complex: Report

The development comes ahead of the visit of a delegation from Saudi Arabia led by Crown Prince Mohammed bin Salman to Pakistan next month.

Haldia Petrochemicals emerges as successful bidder for Coastal Oil & Gas Infrastructure

Coastal Oil & Gas Infrastructure was incorporated to provide services to the petrochemical refinery project proposed to be set up by Nagarjuna Oil Corporation Ltd, which was acquired by The Chatterjee group controlled Haldia Petrochemicals in a liquidation process last year

Iran's petrochemical, fuel sales boom as sanctions hit crude exports

The United States imposed sanctions on Iran's oil and gas industry in 2018 to choke off the Islamic Republic's main source of revenues in a dispute with Tehran over its nuclear work.

Adani floats company for petrochemical foray

Adani Enterprises in stock exchange filing said it has incorporated Adani Petrochemicals Ltd (APL) as a wholly-owned subsidiary to "carry on business of setting up refineries, petrochemicals complexes, specialty chemicals units, hydrogen and related chemical plants and other such similar units".

Aramco in talks for 25% of Reliance's refining, petrochemical units: Report

A minority stake sale could fetch around $10 billion to $15 billion, valuing the Indian company's refining and petrochemicals businesses at around $55 billion to 60 billion, the report said.

Nayara Energy to invest $850 mn to expand into petrochemical business

Nayara Energy, erstwhile known as Essar Oil, operates a 20 million tonnes a year oil refinery at Vadinar.

GAIL Q3 profit up 46% at 983 cr

State-owned gas utility GAIL India Ltd today reported 46 per cent rise in its third quarter net profit on back of turnaround in petrochemical business.

HPCL plans 25% stake in $30 bn refinery on west coast

"HPCL Board at its meeting today decided to participating in the 60 million tons a year refinery in Maharashtra. We intent to putting in 25 percent equity," he told reporters here.

Reliance Q2 profit rises 18%; GRM at $10.1/bbl, petchem shines

Petrochemical major Reliance Industries' quarterly earnings beat analysts' estimates on Thursday with standalone profit rising 17.9 percent year-on-year (up 2 percent quarter-on-quarter) to Rs 7,704 crore, driven by petchem as well as refinery businesses.

Inventory gains boosted RIL's refining margins: Experts

Petrochemical business can grow further, said Prakash Diwan. Delayed launch of Reliance Jio is an overhang on the stock, he said. Market experts SP Tulsian, Deven Choksey and Sudip Bandopadhyay also weighed in on the results.

RIL to see 2-3% uptick; petchem biz boosted Q4 nos: Pros

RIL's earnings were boosted mainly by petrochemical margins, reduction in tax liabilities and interest expenses, analysts on CNBC-TV18 say.

Swaraj meets Iranian counterpart; reviews bilateral ties

Resetting ties, India and Iran today held extensive talks on stepping up engagement on a range of key areas, particularly to increase Indian investment in oil and gas sectors in the Persian Gulf nation which has opened several lucrative sectors after lifting of sanctions under a landmark nuclear deal.

Great Show of Technological Strength at P4 Expo India by Indian Flexible Packaging Major Uflex

India’s largest global flexible packaging solution company Uflex Limited has been incessantly contributing to enhance the ‘Brand ...

Great Show of Technological Strength at P4 Expo India by Indian Flexible Packaging Major Uflex

India’s largest global flexible packaging solution company Uflex Limited has been incessantly contributing to enhance the ‘Brand ...

Great Show of Technological Strength at P4 Expo India by Indian Flexible Packaging Major Uflex

India’s largest global flexible packaging solution company Uflex Limited has been incessantly contributing to enhance the ‘Brand ...

RIL's Q2 performance: Here's what experts feel

Mayuresh Joshi of Angel Broking reacted by saying it is a clear beat — exceptional set of numbers on the refining as well as on the petchem side

Rolta bags $13 mn contract for its EIA solution

Under the contract, Rolta will load the system with engineering data, documents and drawings which provide the critical technical engineering information required to operate the plant