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Engineers India to build new petchem plant

by ChemOrbis Editorial Team -
  • 26/12/2016 (16:01)
According to media reports, Engineers India is planning to build a new petrochemical complex in Andhra Pradesh with a capacity of 1 million tons/year of ethylene derivatives. The detailed plan of the petrochemical plant, which is expected to produce niche plastic products, will be ready by March 2017.

The technical side of the project is reportedly ready. However, a long-term contract is needed to supply feedstock to the complex, as well as the acquisition of land, before the construction starts.

The petrochemical plant, worth around INR300 billion ($4.5 billion), is currently a joint venture between India’s HPCL and GAIL . However, the companies might need another strategic partner, the reports revealed.
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