IHS Chemical Week

Chemical Week Magazine :: New Construction Projects

India propylene jv to include acrylic acid, superabsorbents, oxo alcohols

2:26 PM MDT | October 29, 2012

Oil and Natural Gas Corp. (ONGC; New Delhi) and Gail India (New Delhi) have expressed an interest in partnering Bharat Petroleum Corp. Ltd. (BPCL; Mumbai) and LG Chem in a previously announced 50-billion Indian rupee ($945.5 million) propylene and derivatives joint venture at Kochi, India. BPCL chairman and managing director, R.K. Singh, says that BPCL received written proposals from several companies wanting to join the project. ONGC and Gail are among these companies, he says. “LG will take a 51% stake and, for the moment, BPCL has the remaining 49%,” Singh...

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