IOC to develop Haldia refinery into petrochemicals complex

Indian Oil Corporation (IOC) is keen to develop its existing refinery in West Bengal Haldia into petrochemicals complex for sustaining operations profitably. Running a standalone refinery is “not sustainable in terms of profitability” for which it has to be supplemented by a petrochemicals complex. IOC has sought land from Haldia Fertiliser Corporation (HFC), whose factory

Essar to build petrochemical complex in Odisha

India’s Essar Group is planning to construct a petrochemical complex in the eastern state of Odisha, with an investment of Rs400bn ($4.92bn). Planned to be built with a potential partner, the oil to petrochemical complex will be equipped to have an annual capacity of 7.5 million tonnes. Essar made the announcement at the third edition