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India to become Asian's refining and petrochemical hub

There are some latest facts about Indian refining and petrochemical industry: 

  • India today has become now the third-largest energy consumer in the world. 

  • Reliance's Jamnagar refinery is today the world's largest refinery, with a capacity of 1.24 million barrels of oil per day. 

  • The demand for gasoline in India will continue growing through at least 2035 — and probably through 2040. 

  • India is expected to lag behind some other regions in terms of evolution to electric cars, attributable to infrastructure and structural challenges. And now the wave of EV is being witnessed in the country with huge challenges ahead. 

  • India aspires to continue to be a major player in Asian refining and to also become a petrochemicals hub.

And there are mega projects and big moves are ongoing or under planning: 

  • Nayara Energy planning to invest Rs 1.3 lakh crore to expand Vadinar refinery, add petrochemical complex

  • India relaxes guidelines for entry of private and foreign players in fuel retail

  • India and Saudi sign pact to invest $44 bn in building world's largest greenfield oil refinery

  • IOC, BPCL and HPCL signed the MoU 

  • GAIL (India) Ltd, the state-owned natural gas transportation and distribution utility, is planning to spend Rs 751 crore to add a new 60 Kilo Tonne Per Annum (KTPA) polypropylene unit at its Pata petrochemical complex in Uttar Pradesh


Connecforce is bringing key stakeholders from India government regulators, major refineries, petrochemical producers and investors to Delhi, Mar 18-19, 2020 to share and discuss trends and outlook for the industry and to address key issues and challenges. 

You will be able to meet with: 

  • Senior and Influential government officials

  • Refinery and petrochemical CEOs, Vice President and technical personnel

  • Head of projects planning and executing 

  • Technology thought leaders

  • Processing and Optimization heads and engineers 

  • Head of turnaround and asset management

  • Head of bio-fuel

  • Technology consultants and analysts  

Committed Organizations: 

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2020-1-22 20:06:49
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