Asia to account for more than half of global petrochemical capacity additions by 2030: Global Data

Asia is expected to lead the global petrochemical industry capacity growth from new-build and expansion projects by 2030 with 57% share, according to GlobalData, a leading data and analytics company. GlobalData’s report ‘Global Petrochemicals Capacity and Capital Expenditure Outlook, 2021 – 2030 – Asia Leads Global Petrochemical Capacity Additions’, reveals that the total petrochemical capacity […]

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Indian Oil’s Mathura refinery gets green nod for expansion

Indian Oil Corporation’s Mathura refinery has received environmental clearance for projects to expand its crude processing capacity to 11 million tonnes per annum (mtpa). Currently, the Mathura Refinery has processing capacity of 8 mtpa. The refinery has been accorded environmental clearance for residue upgradation and distillate yield improvement project with 11 MMTPA crude processing, Mathura […]

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Oil’s role in India’s energy mix to be crucial for next 20 years: IOC chairman Vaidya

Indian Oil Corp. is confident the share of oil in India’s energy basket won’t change drastically over the next two decades, although incremental demand will create room for new and cleaner forms of energy, its chairman Shrikant Madhav Vaidya told the India Energy Forum by CERAWeek Oct 21. The state-run refiner, which caters to more […]

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India’s fuel demand to reach 400-450 million tonnes by 2040 from the present 250 million tonnes: IOC

India’s crude oil demand has been on the mend since mid-summer. It is likely to continue along this same vein for quite a while, with at least one refiner planning to boost refining capacity considerably. “Forecasts by various agencies see Indian fuel demand climbing to 400-450 million tonne by 2040 from the present 250 million […]

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3.5 GW hydroelectric projects along with 2.5 GW solar projects identified for monetization of energy assets worth Rs 1.6 lakh crore

The government has identified projects worth more than Rs 1.6 lakh crore in the energy sector as potential assets to be monetised by FY25. For the first time, hydroelectric power plants of around 3,500 megawatt (MW) and solar and wind power projects of about 2,500 MW owned by Central government companies have been identified for […]

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