Communicator

Reliance Patalganga Manufacturing Division (PMD) has been added.

#reliance #ril  #pmd  #patalganga  #CrudeToChemicals
 

Aug 28, 2024 | Offshore Technology

The venture, estimated to cost more than $10bn (Rs839.48bn), is in discussion with ONGC and its subsidiary HPCL.

The Chatterjee Group (TCG), a US-based private equity firm, is seeking a partnership with Indian state-run companies for an oil-to-chemicals project in Cuddalore, Tamil Nadu, reported Bloomberg, citing sources. TCG is in discussion with Oil & National Gas Corporation (ONGC) and its subsidiary Hindustan Petroleum Corporation (HPCL). The proposal suggests the state companies collectively hold a 49% stake in the project – estimated to cost more than $10bn – while TCG, which operates in India through Haldia Petrochemicals, would retain the remaining 51% share. TCG’s project aims to produce 3.5mtpa of ethylene and propylene.

As per Reuters’ April report, Haldia Petrochemicals CEO Navanit Narayan stated that the project is expected to be operational by 2029. The project’s financial closure is anticipated by the end of 2024. Haldia Petrochemicals currently operates a petrochemical plant in eastern India and is developing the nation’s largest integrated phenol project in West Bengal’s Haldia.

The potential investment reflects India’s focus on expanding petrochemical capacities, providing essential materials for a range of products from consumer goods to automotive components. As per government estimates, the demand for chemicals and petrochemicals in India is projected to triple to $1trn by 2040. Oil refiners, including Reliance Industries led by Mukesh Ambani, are shifting their production focus towards petrochemicals over traditional fuels to cater to the increasing demand for specialty plastics and chemicals used in solar panels and electric vehicles.

As per Reuters’ April report, Haldia Petrochemicals CEO Navanit Narayan stated that the project is expected to be operational by 2029. The project’s financial closure is anticipated by the end of 2024. In other development, ONGC has recently been granted government approval for an additional investment of $2.19bn into its petrochemical unit ONGC Petro Additions.

#haldia  #chatterjeegroup  #india  #cotc  #oiltochemical  #hplc  #ongc  #reliance  #ethylene  #propylene  #petrochemicals  #oilrefining  #petroadditions 

Photo: Russian crude oil tanker. Credit: Defense.in

13^th Dec2024 | News aggregation
 
Russian state oil company Rosneft has signed a landmark 10-year agreement to supply 500,000 barrels of crude oil per day to India's Reliance Industries (RIL), marking the largest energy deal ever between the two countries. The agreement, valued at approximately $13 billion annually at current prices, represents 0.5% of global oil supply.

Under the terms of the deal, Rosneft will deliver 20-21 Aframax-sized cargoes of various Russian crude grades and three cargoes of fuel oil monthly to Reliance's Jamnagar refining complex, the world's largest, in Gujarat. The supplies are scheduled to begin in January, with an option to extend the agreement for an additional 10 years.

The pricing structure includes differentials to Dubai crude prices, with Russian Urals crude, which makes up the majority of the supply, to be priced at a $3 per barrel discount. Light sweet grades like ESPO, Sokol, and Siberian Light will carry premiums ranging from $1 to $2 per barrel.

This agreement significantly expands the existing relationship between the two companies. From January to October, Reliance had been importing an average of 405,000 barrels per day of Russian oil, an increase from 388,500 barrels per day during the same period last year. The new arrangement will account for approximately half of Rosneft's seaborne oil exports from Russian ports.

The deal was approved during Rosneft's board meeting in November and both companies will conduct annual reviews of pricing and volumes to account for market dynamics.

#russia  #india  #rosneft  #reliance  #jamnager  #refinery  #urals  #crudeoil  #espo  #sokol 

Picture: Indian subcontinent refineries, via ppPLUS

India’s dependence on imports to meet its requirements of basic petrochemicals, including polymers, is only expected to rise, despite projects – under implementation and on the drawing boards. This is partly because the historical baggage of poor capacity builds will take time to catch up with rising demand.

In the last few years, however, India’s public sector refiners have climbed on the petrochemicals bandwagon, seeking value-added outlets for refinery streams. They have invested in aromatics (for feeding the polyester value chain), propylene (for polypropylene, PP, and some other chemicals notably, oxo-alcohols and acrylate monomers), linear alkyl benzene (LAB), a key detergent raw material, and a few other projects. And more are to come in the near-term.

There are several commonalities amongst the firm projects. For one, the emphasis seems to be on building the C3 (propylene) value chain. This is not surprising as FCC propylene offers a simple, low-cost route to the olefin and one that can be conveniently retrofitted into existing refinery operations. There is also an overwhelming emphasis on PP production, which may not be wise, as it runs the risk of overbuild should demand growth not pan out as anticipated.

There are other propylene derivatives that can be considered, and these merit attention if not by the refiners themselves then by third party investors for whom it will be more worthwhile. Much will hinge on the commercials of the olefin supply arrangement, but such business models are widely followed, including here in India, let alone in other countries.

Importantly, the government needs to recognise that the chemical industry as a key enabler of modern living, and not a nuisance to be constrained through regulation and red-tape. The priority must be on developing well-developed clusters where not just the petrochemical industry, but also the broad chemical industry – including the fine and specialty chemical industries, wherein India’s competitiveness is well recognised – can locate and start operations in double-quick time. Clusters are efficient and safe locales where the industry can thrive, as several countries have amply shown.
 
India needs a much larger and more diversified chemical industry than it has now. The former it seems is happening. Not so sure of the latter. The herd mentality to investments needs to change. Those who have dared to do so – and there are a few examples – have been amply rewarded. More need to emulate, not imitate, them!

Ravi Raghavan, 12 Nov 2024, Linkedin post.

#india  #petrochemicals  #chemicals  #valuechains  #propylene  #fcc  #refinery  #polyester  #aromatics  #olefins  #polypropylene  #acrylics  #lab  #chemicalindustry  #indianchemicals  #IOCL  #BPCL  #HPCL  #RelianceIndustries  #investment  #specialitychemicals  #finechemicals  #oilrefining  #polymers  #ethylene  #competitiveness 

Two Sclairtech PE Plants have been added to RIL HMD in Surat.


#reliance  #ril  #hmd  #surat  #nova  #sclairtech 

Four Unipol PP Plants with a cumulative capacity of 1 million tons have been added to the Hazira and Jamnagar 1 (J1 DTA) production sites according to this ROYAL MARKETING communication putatively dated from 2014: 

Reliance Industries Limited is Asia's largest manufacturer of Polypropylene (PP). With a combined capacity of over 1 million tonnes, Reliance figures amongst the Top Eight Polypropylene producers in the world. Reliance holds a 70% share of the Indian Market and caters to 3% of the worlds consumption of PP.

Reliance Industries Limited commissioned its first PP plant with a capacity of 350 KTA in Oct'96 at Hazira Petrochemical Complex. This was followed by the commissioning of two lines of 200 KTA each at it's Jamnagar Petrochemical Complex in April/May'99. The third line at Jamnagar of 200 KTA was commissioned in Dec'99.

Reliance has adopted the world acclaimed Unipol Process of Union Carbide (now merged with Dow Chemical) for manufacturing PP at all its sites. Unipol process combines the production efficiency of gas phase fluidized bed reactor technology with the high activity and stereospecificity of the SHAC catalyst system. The two production sites offer a wide range of Homopolymer, Random and Impact copolymer grades. These can cater to the entire spectrum of Extrusion, Injection & Blow molding processes.


#unipol  #unipolpp  #wrgrace  #gasphase  #reliance  #polypropylene  #hazira  #jamnagar  #reliance  #india 

Hazira Manufacturing Division of Reliance Industries Limited (RIL) in Surat has been added.


#india  #gujarat  #surat  #haziramanufacturingdivision  #hmd  #hazira  #reliance  #ril