Petrochemical

Indian start up develops specialised robots to clean petrochemical tanks

Indian Start up Develops Specialised Robots to Clean Petrochemical Tanks

Adani group looks to invest in petrochem, mining projects in Azerbaijan

Asia's richest man Gautam Adani's group is eyeing petrochemical and mining projects in Azerbaijan as the ports-to-energy conglomerate looks to expand the business beyond Indian shores. Adani met Azerbaijan President Ilham Aliyev in Davos last week, according to a statement from the office of the President of Azerbaijan. "During the conversation, the parties discussed Azerbaijan's attractiveness for foreign direct investments, the development of the country's economy, and the prospects for cooperation with the Adani Group in petrochemical, mining and metallurgical industries, as well as other areas of mutual interest," it said. Adani, in recent years, is on a rapid diversification spree, expanding an empire centred on ports and coal mining to include airports, data centres and cement as well as green energy. A first-generation entrepreneur, Adani, 60, founded the Adani Group in 1988 as a trading company, and its interests now span real estate, ports, airports, power generation, green

Chennai-based Manali Petrochemicals acquires UK-based Penn Globe

Penn Globe is a market leader in foam control agents and chemical products

After Morgan Stanley and JP Morgan, now Jefferies turns bullish on RIL

RIL is a key beneficiary of energy inflation, with every $1 per barrel improvement in annualised refining margins adding an estimated $400-450 million to RIL's consolidated Ebitda, Jefferies said

Nayara Energy achieves financial closure for petrochemicals expansion

Ties up Rs 4,016 crore term loan from SBI-led consortium

Shell eyes stake in Nayara's $9 bn Indian petrochemical project: Report

Global oil majors are looking at expanding foothold in the vast Indian market, where local refiners are investing billions of dollars to boost their petrochemical capacities

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

ONGC may revise terms of production-boosting plan for 64 oil and gas fields

---Pointer table is not needed---State-run Oil and Natural Gas Corporation (ONGC) is likely to revise the terms of the much-hyped production enhancement plan for 64 oil and gas fields, after concerns raised by prospective bidders over the operating cost and other bidding criteria.According to multiple sources, at least 14 of the 23 companies that participated in the pre-bid meeting on September 17 had asked for "compensation covering the operating cost to be borne by the contractor related to the baseline production". Following this, the Directorate General of Hydrocarbons (DGH) and ONGC have decided to revise the contract terms. It was in February this year that the Union Cabinet had cleared the handing over of 66 discovered marginal oil and gas fields by ONGC and Oil India (OIL) to private players. Industry sources said the revised terms might have to be again cleared by the Cabinet. A government official, however, said, "The process does not need any Cabinet clearance, as the ...

Petrochemicals set to account for a third of global oil demand growth: IEA

Despite near-tripling in plastic waste collection by 2050, the limited availability of cost-effective substitutes for oil feedstock means that oil demand for petrochemicals remains resilient

MoUs for 5 2G ethanol plants signed at Petrotech 2016

In addition, IOCL, BPCL and HPCL signed a pact to carry out pre-project activities for setting up refinery-cum-petrochemical complex with 60 MMTPA capacity in Maharashtra

Unipetrol awards Talke contact to build logistics facility for polyethylene unit

The contract, worth CZK 700 million (about $ 29 million), is part of new polyethylene unit project (PE3), the biggest investment in the history of the Czech petrochemical industry