India's Refiners to Add LPG Capacity in Next Three Years

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Researched by Industrial Info Resources (Sugar Land, Texas)--India's Refining Industry plans to add 60,000 barrels per day (BBL/d) of liquid petroleum gas (LPG) treating and recovery units through 2024 as the region continues to be one of the largest consumers of LPG in the world. India's LPG consumption has grown rapidly, at an average rate of 7% in the last 10 years, and the country is expected to be the world's largest LPG residential market by 2030.

Leading pubic-sector refiner Indian Oil Corporation Limited (IOCL) has planned LPG recovery and treatment units at its Barauni, Panipat and Gujarat refineries. Meanwhile, Hindustan Petroleum Corporation Limited (HPCL) and Numaligarh Refinery Limited plan to add an LPG treating facility in Visakhapatnam and Numaligarh, respectively, in the next three years. Industrial Info is tracking nine LPG addition projects in India that are scheduled for completion in the next three years, through 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Project Database can click here for a list of detailed project reports.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.