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  • Paradip update

    I had written about a delay in Indian Oil Corp's (IOC) paraxylene (PX), polypropylene (PP) and styrene projects at Paradip because of rising costs and financial constraints. But a company source tells me that a final decision on the timing of these projects and the refinery will be decided by the...
    Posted to ICIS Blogs (Weblog) by Anonymous on 06-13-2008

  • Paradip petchems postponed

    After years of planning and crossing many hurdles IOC has now decided to defer the petrochemical portion of its Paradip project. The decision comes at a time when the company is struggling to cope with huge losses on account of record high crude oil prices and the government's reluctance to raise...
    Posted to ICIS Blogs (Weblog) by Anonymous on 05-29-2008

  • Another one bites the dust?

    Yet another project appears to be fallen through. This time it is Chennai Petroleum Corp's (CPCL) refining and petrochemicals venture at Ennore in Tamil Nadu. Indian Oil Corp's (IOC) chairman Sarthuk Behuria said in a press conference yesterday that the project may never come up as the country...
    Posted to ICIS Blogs (Weblog) by Anonymous on 05-16-2008

  • Projects and protests

    I am back from my holiday and have discovered no earthshaking developments in the last few weeks. But the following news articles caught my eye. First, Dow Chemical’s European arm and GACL have agreed on a 50:50 joint venture to produce 200,000 tonnes/year of chloromethanes at Dahej, on the west coast...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-23-2008

  • Trouble at Paradip

    I was under the impression that there are no major hurdles to Indian Oil Corp’s (IOC) refinery and petrochemical project at Paradip. But I came across this news yesterday that the viability of the project is in question following the government’s decision to withdraw a tax holiday from 1 April 2009....
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-01-2008

  • West Bengal draws Hindujas

    West Bengal’s proposed chemical hub at Nayachar has attracted the Hindujas with the group indicating an interest to set up operations in the state. Plans are still at an early stage but Subir Raha, executive vice-chairman of the Hinduja Group, has indicated big plans in India’s oil and gas sector . West...
    Posted to ICIS Blogs (Weblog) by Anonymous on 02-04-2008

  • Barauni beckons

    State-owned IOC and Gail appear to have been drawn into yet another futile petrochemical project by politicians. This time it is in Barauni, Bihar. IOC operates a 6m tonnes/year refinery at Barauni but this is unlikely to yield sufficient feedstock for the project. The ministry for chemicals and fertilisers...
    Posted to ICIS Blogs (Weblog) by Anonymous on 01-25-2008
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