 Home > Chemicals Industry > International Chemical > Indian oil executives - Indian petrochemical demand in 2040 may reach 80 million tons

Indian oil executives - Indian petrochemical demand in 2040 may reach 80 million tons

 Last Update: 2023-01-04
 Source: Internet
 Author: User

Tags

castor oil consumption

new products development

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

An executive at India's largest refiner, the Indian Oil Corporation, said India's annual petrochemical consumption would nearly triple to 80 million tonnes
by 2040.
This will force the country to either increase petrochemical imports or invest in new petrochemical production facilities
.

A.
A.
Smith, Executive Director of Petrochemicals Business of Indian Oil Corporation S.
Sahney said India's population growth, social development and economic expansion will increase the demand for
petrochemicals.
These developments in India are also driving the increased demand for petrochemicals in the country
.

As the third largest economy in Asia, India currently consumes 25 million ~ 30 million tons of petrochemical products
every year.
Per capita consumption of petrochemicals in India is about 1/3
of the global average.
Traditionally, Indian refiners have focused on maximizing gasoline and diesel production
.
Currently, Indian refiners are investing $1 billion to boost petrochemical capacity to hedge against slowing long-term demand growth for conventional fuels and move India out of its status as
a net importer of petrochemicals, Sahney said.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Avobenzone CAS 70356-09-1

CAS No.: 70356-09-1

Pharmaceutical Grade

$100/KG EXW

Bis(2,6-difluoro-3-(1-hydropyrro-1-yl)-phenyl)titanocene 784

CAS No.: 125051-32-3

top

$3.46/KG EXW

hindered amine light stabilizer UV-292

CAS No.: 41556-26-7

$6-7/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.