India's GAIL Invests $5 Billion in Chemical Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--India's largest natural gas company, state-owned GAIL (India) Limited (New Delhi) is eyeing expansions in the country's petrochemicals, specialty chemicals and renewables sectors as it pivots toward a new strategy to expand its business beyond natural gas. GAIL is investing around US$5 billion in 26 ongoing chemical projects, including 12 projects worth US$4.4 billion in the petrochemicals sector.

Among its projects, GAIL is converting an existing liquefied petroleum gas plant at Usar, Maharashtra, into a propane dehydrogenation (PDH) complex with an estimated investment of US$606 million and expectations for completion by the end of 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for the project report.

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) 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 over 200,000 current and future projects worth $17.8 trillion (USD).