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GLOBAL ETHYLENE CAPACITY
PetroChina forecasts Chinese oil consumption will drop 4.9% this yearChina's oil use is set to decline in 2026. This shift comes as the nation embraces new energy sources and faces elevated oil prices. PetroC...- Crude awakening: Chemical companies face margin pressure as oil-linked costs surge amid geopolitical tensionsRising crude oil prices are pressuring chemical sector margins due to increased feedstock and energy costs. Despite this, the Nifty Chemica...
- Premiums surge, runs cut as Iran war disrupts naphtha supply to AsiaThe Iran war has severely disrupted Middle East supplies, forcing producers to pay double pre-war rates. This shortage is leading to signif...
- Closures, disposals reshaping the global petrochemical sectorGlobal petrochemical sector is undergoing a significant transformation with closures and disposals, particularly in Europe, due to rising c...
- Cracker of an expansion: Nayara's $8 bn petrochemical planNayara Energy, backed by Rosneft, plans to invest ₹68,000 crore to set up a 1.5 mtpa ethane cracker at its refinery in Vadinar, Gujarat. Th...
- India Glycols and Swiss Clariant formalise new joint venture companyCalled Clariant IGL Specialty Chemicals Private Limited, the joint venture will be owned 49% by IGL and its subsidiary and 51% by Clariant....
- Reliance signs pact to invest in Abu Dhabi petrochemical hub"Abu Dhabi National Oil Company (ADNOC) today announced that Reliance has signed an agreement to join a new world-scale chlor-alkali, ethyl...
- Global demand for polyester to remain weak: ICRAGlobal growth in polyester consumption is expected to be at a CAGR of about 6%.
- Petrochemical companies may see feedstock supply crunch, margin pressureThe supply itself would be a challenge for Asian countries, especially India, which are structurally short of the fuel. Saudi Aramco is the...
- Challenging times ahead for Indian Petrochemical Producers as olefins cycle set to weaken further, says ICRA“Changing industry dynamics both globally and domestically, besides emergence of new industry influencing determinants will have a bearing ...
- RIL commissions cracker unit marking completion of petchem expansion planAccording to RIL, the new facility is the world's first ever and the largest ROGC complex of 1.5 mmtpa capacity along with downstream plant...
- GAIL seeks ethane import from US for $5-billion petrochemical plantGAIL will be the second company, after Reliance, to plan import of ethane - a component of natural gas found in abundance in the Marcellus ...
- Reliance Industries to save $450 million/year by importing ethane from USReliance Industries will save about $450 million annually by importing 1.5 million tons ethane from US for its petrochemical plant, says a ...
- Expect about 6-7% growth in FY14 over last year: Rajendra Gogri, Aarti Industries"Global environment is getting better and we expect about 15% to 20% increase in the top line and around 18% to 20% increase in bottom line...
- Haldia Petro mulls shutdown after Rs 247 crore loss in Q1HPL produces about 3.2 lakh tonnes of polypropylene annually. The ethylene capacity of Haldia Petro has increased to 6.7 lakh.
- Huntsman acquires Laffans PetrochemicalsHuntsman Corporation said it has taken over Gujarat-based Laffans Petrochemicals and has also taken ownership of company's ethylene oxide d...
- SRF Ltd plans Rs 665 cr investment to set up 2 new plantsTechnical textile maker SRF Ltd plans to invest Rs 665 crore on expansion projects, which includes a new plant in South Africa and another ...
- Reliance revives plan to build chemical plantRIL may start work on a multibillion-dollar chemical plant to meet surging demand for the raw materials for plastics, drugs and textiles. W...
- Recession impact: Gulf region is global petrochem hubThe global petrochemical industry's centre of gravity is shifting to the feedstock-rich Middle East as dozens of new projects are coming up...
- Haldia to expand ethylene capacityHaldia Petrochemicals on Wednesday said it will invest Rs 800 crore for expanding its ethylene capacity to 670,000 tonnes from the present ...
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