September 18, 2024
4 mins read
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 […]