Released June 07, 2023 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--India's refiners are picking up the pace of their polypropylene capacity additions. About 14 billion pounds per year of polypropylene units are scheduled to be added by end of 2029, according to Industrial Info's Global Market Intelligence (GMI) Petroleum Refining Project Database, with a total investment value of more than US$5.3 billion.
Indian Oil Corporation Limited (IOCL), a leading public sector refiner, is planning a 1.5 billion-pound-per-year polypropylene expansion by 2027, in addition to its 2.4 billion pounds per year of polypropylene projects under construction and expected to come online by 2025. Other major companies with polypropylene capacity additions on the horizon include:
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Indian Oil Corporation Limited (IOCL), a leading public sector refiner, is planning a 1.5 billion-pound-per-year polypropylene expansion by 2027, in addition to its 2.4 billion pounds per year of polypropylene projects under construction and expected to come online by 2025. Other major companies with polypropylene capacity additions on the horizon include:
- Hindustan Petroleum Corporation Limited (HPCL) plans to add 2.1 billion pounds per year by 2024
- Bharat Petroleum Corporation Limited (BPCL) plans to add 1.7 billion pounds per year by 2027
- Haldia Petrochemicals Limited (HPL) plans to add 2.2 billion pounds per year by 2027
- Mangalore Refinery & Petrochemicals Limited (MRPL) plans to add 1.3 billion pounds per year by 2029
- Chennai Petroleum Corporation Limited (CPCL) plans to add 950 million pounds per year by 2027
- Numaligarh Refinery Limited (NRL) plans to add 660 million pounds per year by 2026.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
