India Set for Significant Paraxylene Capacity Additions in Coming Years

---

Researched by Industrial Info Resources (Sugar Land, Texas)--India's Chemical Processing Industry is expected to see up to 10 million tons per year in paraxylene capacity additions through 2026, following a total absence of capacity additions for the past five years. Paraxylene is a major feedstock for many industrial chemicals, such as polyesters and terepthalic acid.

Indian Oil Corporation Limited (IOCL) is preparing for 1.4 million tons per year of additional paraxylene units through 2024, while Haldia Petrochemicals Limited is planning 1.6 million tons per year of paraxylene capacity additions through 2026. Private refiners Reliance Industries Limited (RIL) and Nayara Energy Limited are planning 4 million and 3 million tons per year, respectively, through 2026.

In addition, Bharat Petroleum Corporation Limited is planning to build a paraxylene unit at its petrochemical site through 2026, for which the capacity has yet to be decided.

Industrial Info is tracking about US$2.74 billion in related projects throughout India. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of related project reports.

Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.