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Petrochem
Nayara Energy achieves financial closure for foray into petrochemical biz
In 2019, Nayara Energy had first announced its plans to expand into petrochemicals at the Vibrant Gujarat Summit. "The company signed a financial agreement with a consortium of banks led by State Bank of India for a project term loan of Rs 4,016 crore," the company said in a statement. For the proposed project, it is already in possession of required land.
Setting up of petrochemical complex in Kakinada hangs fire as Centre, AP govt continue wrangling over VGF
While the Centre insists that the Rs 5,615 crore VGF "is necessary to make the project viable," the state contends that the Rs 32,901 crore project could become viable without any VGF due to the reduction in corporate tax and interest rates.
TCG group to set up petrochemicals project in Tamil Nadu
The Purnendu Chatterjee-owned TCG group's flagship company Haldia Petrochemicals Ltd along with Lummus Technology and TCG Digital is keen to set up a portfolio of OToP projects, which will include setting up of large scale polymer units.
Tamilnadu Petroproducts to invest Rs 435 crore for capacity expansion, revamp of mfg plants
The company said post regulatory approvals, the project is expected to be completed in about 24 months. Its board also approved modernisation of its heavy chemicals division (HCD) plant.
Lubrizol to invest in water management, health and lubricant segments in India
“We are very bullish on the growth of the India market. So our first priority is to win in India,” said Vince Misiti, general manager, TempRite Engineered Polymers, Lubrizol. “In the chlorinated polyvinyl chloride (CPVC) sector itself, India continues to expand. We believe it's going to be a bright future just for India.”
Haldia Petrochem makes fresh bid for Nagarjuna refinery
The offer from Haldia, submitted on October 10, will soon be deliberated by the lenders committee with dues, including interests, exceeding Rs 9,800 crore.
Haldia Petrochemicals plant shut down after fire
The fire broke out at the company's Haldia plant in West Bengal on Friday, leaving at least 15 people injured.
Numaligarh Refinery Limited dispatched first consignment of food grade Wax to Mumbai
This niche product will be used in the domestic cosmetic, pharmaceutical & FMCG (Fast moving consumer products) industries.
ONGC Petro additions Limited gets a new MD
ONGC Petro additions Limited (OPaL) has announced appointment of Avinash Verma as Managing Director.
Adani Group to foray into petrochemicals with Rs 16,000 crore plant in JV with BASF
BASF will hold a majority controlling stake in the new venture. It will, however, hold a minority interest in the power venture.
Four petrochemical regions attract Rs 1.83 lakh crore investments, create 3 lakh jobs: Government
Under the cluster-based development model, the department has identified four PCPIRs - in Gujarat, Andhra Pradesh, Odisha and Tamil Nadu – that are in advanced stages of implementation.
BPCL Kochi Refinery develops food grade quality product FGQ hexane
FGQ hexane is a light distillate produced from special cut naphtha where the hexane rich stream is extracted and purified to meet the required specification.
BPCL Board approves Rs 11,130 cr Kochi petrochemical project
BPCL's Kochi refinery at its recent expansion to 15.5 million tonnes per annum capacity produces 5,00,000 tonnes of polymer grade propylene.
Taiwanese company CPC Corp proposes $6.6 billion investment in India
A Taiwanese delegation today discussed investment in the petrochemical cracker and downstream units.
Reliance offers more naphtha but non-petchem grade
However, some 60 percent of the August volumes were considered off-specification as the grade does not meet the requirements of the petrochemical industry standard
Dhanukas team up with Indian friend Indorama Ventures to revive Egyptian JV
In a stock exchange filing, the company said Dhunseri Petrochem and Indorama Ventures entered into a share purchase agreement for the same on June 14, 2018.
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