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...
- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia
- Crude oil heals COVID-inflicted wounds; now what lies ahead?
- Global shipping turmoil deepens, adding to the upheaval in plastic resins
- China’s post-holiday polymer outlook supported by supply limitations, crude oil
- US PE exports hit record high for 2020 despite production and logistics hurdles
- African PP, PE markets firmer on continued tightness in supplies
- Lack of sales pressure supports SEA PE markets
- Will soaring prices attract PP, PE imports to Europe?