The African petrochemical industry is experiencing significant growth and attracting substantial investments, as evidenced by…
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Africa Petrochemical Industry Sees Major Developments and Investments
The African petrochemical industry is experiencing significant growth and attracting substantial investments, as evidenced by recent developments across the continent. In Ghana, a groundbreaking ceremony has taken place for the first phase of the ambitious $60 billion Petroleum Hub project, which is set to become Africa’s first integrated petrochemical complex. This massive undertaking aims to […]
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Global Petrochemical Industry Faces Challenges as Capacity Expansion Increases
The petrochemical industry around the world is in a somewhat interesting position and prospects as it starts the year 2024. New findings from industry analysts shed light on the existing problem of over capacity in major petrochemical markets, which is mainly attributed to large capacity addition plans in Asia and the Middle East. The increase […]
India’s Largest Phenol Plant to be Built by Haldia Petrochemicals
Haldia Petrochemicals Ltd (HPL) has made a giant leap in enhancing India’s petrochemical armoury with the recent groundbreaking ceremony of the largest phenol plant in Haldia, West Bengal. The Rs 3,000 crore project which began with the piling work is expected to change the dynamics of the domestic phenolics market upon its completion expected in […]