Engineers India to build new petchem plant
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.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- US PE prices move down on weak appetite from export markets
- Further price cuts in Vietnam’s PP market fail to revive demand
- Asian PS, ABS markets remain weak on rising trade tensions
- Spot styrene sharply down in Europe and Asia
- Expectations soften for PP raffia, fibre yet to follow in Turkey
- Will PE supplies from China flock to SEA?
- LDPE, LLDPE highest since Q3 2018; HDPE at 6-month high in Europe
- Intensifying trade war adds to bearishness in China’s local PP, PE markets
- PET prices hit multi-month lows in Asia and Europe
- Rising momentum fizzles out in European PS, ABS markets