This niche product will be used in the domestic cosmetic, pharmaceutical & FMCG (Fast moving consumer products) industries.
ONGC Petro additions Limited (OPaL) has announced appointment of Avinash Verma as Managing Director.
BASF will hold a majority controlling stake in the new venture. It will, however, hold a minority interest in the power venture.
Under the cluster-based development model, the department has identified four PCPIRs - in Gujarat, Andhra Pradesh, Odisha and Tamil Nadu – that are in advanced stages of implementation.
FGQ hexane is a light distillate produced from special cut naphtha where the hexane rich stream is extracted and purified to meet the required specification.
BPCL's Kochi refinery at its recent expansion to 15.5 million tonnes per annum capacity produces 5,00,000 tonnes of polymer grade propylene.
A Taiwanese delegation today discussed investment in the petrochemical cracker and downstream units.
However, some 60 percent of the August volumes were considered off-specification as the grade does not meet the requirements of the petrochemical industry standard
In a stock exchange filing, the company said Dhunseri Petrochem and Indorama Ventures entered into a share purchase agreement for the same on June 14, 2018.
Repayment of loans not only transformed the Egyptian subsidiary into a debt free standard asset, it made Dhunseri Petrochem also eligible to submit a financial bid for the assets of Assam Co. India.
Dhunseri Petrochem is acquiring 43,700 equity shares (representing 23% stake) of EIPET from Egyptian Petrochemicals Holding Company at par value in seven tranches.
"The environment clearance has been given to the RIL's expansion and de-bottlenecking of petrochemical project at Nagothane," a senior Environment Ministry official said.
The company also reported that more exports to existing and new countries are lined up in the coming months in line with its strategy to make NRL Wax a brand to be reckoned with globally.
The complex at Kakinada, East Godavari district, is proposed to be jointly set up by GAIL and HPCL, both central PSUs.
Earlier NRL has exported diesel to Myanmar. A consignment of two full truckloads was flagged off from Numaligarh Refinery Marketing Terminal to Myanmar.
The first consignment of 132 Metric Tonnes of wax has been flagged off from the company’s marketing terminal at Numaligarh today on Friday by Chief General Manager (Finance) NRL, Indranil Mitra.
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