• India to witness significant petrochemicals project starts through 2025 to meet growing demand.

Fuel for Thought

India to witness significant petrochemicals project starts through 2025 to meet growing demand.

Jan 10 2022

India is likely to start the operations of 281 petrochemicals projects from 2021 to 2025, accounting for nearly 34% of the total upcoming petrochemicals project starts in Asia by 2025, according to GlobalData, a leading data and analytics company. 

GlobalData’s latest report, ‘Global Petrochemicals New-Build and Expansion Projects Outlook, 2021-2025’, reveals that out of the 281 projects expected to commence operations in India, polypropylene projects will be 21, and propylene projects will be 16. Ethylene and polyethylene projects will be 15 projects each.

Bhargavi Gandham, Oil & Gas Analyst at GlobalData, comments: “India is one of the largest consumers of petrochemicals globally. Petrochemicals demand in India is outpacing supply due to consistent economic growth. Petrochemcials are one of the fastest growing industries in Indian economy as it supports other growing industries such as construction, phramaceticals, etc.”

Polypropylene projects will constitute around 7% of all petrochemical projects starts in India between 2021 and 2025. Among the upcoming polypropylene projects, the Reliance Industries Jamnagar Polypropylene Plant 3 project leads with a production capacity of 5.20 mtpa. The project is expected to start operations in 2025.

GlobalData notes that propylene projects will constitute around 6% of all petrochemical projects starts in India during the review period. Among the upcoming propylene projects, the Haldia Petrochemicals Kakinada Propylene Plant project leads with a production capacity of 1.6 mtpa. It is expected to start operations in 2024.


Digital Edition

Petro Industry News 23.2 - April/May 2022

May 2022

In This Edition Fuel for Thought - AnalytiChem acquires SCP SCIENCE - COVID-19 boosts adoption of virtual reality in the oil and gas industry - ION Science’s MiniPID Sensors win prestigio...

View all digital editions

Events

KIOSH

May 25 2022 Nur-Sultan, Kazakhstan

Hannover Messe

May 30 2022 Digital event

Chemspec Europe

May 31 2022 Frankfurt, Germany

Trinidad and Tobago Energy Conference and Tradeshow 2022

May 31 2022 Port of Spain, Trinidad

Caspian Oil & Gas - NEW DATES

Jun 01 2022 Baku, Azerbaijan

View all events