PlastIndia: IndianOil Advances Paradip Cracker, to Double Investments

IndianOil is expected to double investments in its petrochemicals business by spending an additional $5 billion over the next few years, S. Mitra executive director/petrochemicals at Indian Oil tells CW. The company has so far spent about $4 billion, he says. Speaking on the sidelines of the PlastIndia conference currently taking place in New Delhi, he said that the investments will include a new cracker, which the company has been contemplating for a number of years. It will be based at Paradip on the east coast of India, where the company is building a...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers