Indian Oil Corp has granted “stage-one” approval for establishing a petrochemical complex at Paradip, Odisha. The estimated cost for the project is $7.4 billion, making it the state-owned group’s largest-ever investment in a single location.
Ineos has announced it has secured €3.5 billion in financing for its designated Project One, which is being realized at Lillo in the Port of Antwerp, Belgium, and now expected to go on stream in 2026.
Chevron Phillips Chemical (CPChem) and QatarEnergy — formerly Qatar Petroleum — have taken a positive final investment decision on their proposed $8.5 billion joint ethylene/PE complex in the US. They have formed a joint venture called Golden Triangle Polymers, owned 51% by CPChem and 49% by QatarEnergy.
Univation Technologies has been selected by PT Kilang Pertamina Internasional (PT-KPI) to provide its Unipol PE process for a new 700,000 t/y plant to be installed at the latter’s Tuban complex in East Java, Indonesia.
