Page 138 - CW E-Magazine (3-9-2024)

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KNOWLEDGE HUB

Chevron setting up $1-bn engineering & innovation

centre in Bengaluru

US energy giant, Chevron, has an- are expected to be fi lled by the end of
nounced plans to set up a new research 2025, with plans to add more positions
and development (R&D) hub called over time.
Chevron Engineering and Innovation
Excellence Centre (ENGINE) in Bengaluru “Chevron ENGINE allows us to
at an investment of $1-billion over 5-6 bring together India’s vast pool of
years. The hub will serve as a global exceptional talent with resources and
solutions centre supporting Chevron’s expertise from our global network,”
operations and projects through cutting- added Mr. Sahni.
edge work in digital technologies.
The work at these labs will span a
Mr. Akshay Sahni, incoming Coun- range of activities, from leveraging AI
try Head, Chevron India, stated that the demands of today and building the lower and machine learning to gain insights
setting up of the centre marks a signi- carbon energy system of tomorrow,” he into subsurface geology-crucial for
fi cant milestone in Chevron’s 145-year said. identifying prime locations for carbon
history. Other than a large technical cen- storage and safer, more effi cient drill-
tre in Houston and California, the com- The company said it aims to recruit ing sites-to constructing digital twins of
pany has some smaller labs in Aberdeen. top-tier talent with specialised skills to complex industrial facilities. These digi-
India will house one of the larger tech- support projects across Chevron’s enter- tal twins will play a key role in moni-
nology hubs of the company. prises. The company plans to hire toring and optimising global operations,
from all the disciplines of engineering – ultimately ensuring a more reliable supply
“Chevron ENGINE will create mechanical, chemical, computer science chain. “Everything we do will be deeply
meaningful opportunities for local pro- and electrical, besides specialists in rooted in AI, machine learning, high-
fessionals to work on the incredible geology, geophysics and environmental performance computing, and robotics,”
challenge of meeting the global energy science. Approximately 600 positions Mr. Sahni emphasised.
EXPANSION

JPFL Films boosting BOPP capacity at Nashik facility

JPFL Films Pvt. Ltd., a subsidiary point of time. Going forward the new
of fl exible packaging giant Jindal Poly BOPP line positions us to deliver excep-
Films Ltd., has announced a capac- tional value to our customers. With this
ity expansion with a new BOPP line in expansion, we are enhancing our ability
Nashik, Maharashtra. The new 60,000-tpa to meet and exceed customer expecta-
capacity line is expected to be commis- tions with a diverse range of high-perfor-
sioned in H2 FY25-26, and will see a mance fi lms. Moreover, this move aligns
capex commitment of Rs. 250-crore. perfectly with our goals of improving
Commenting on the development, operational effi ciency and sets us up well
The capacity expansion is part of the Mr. Vinod Kumar Gupta, CEO of JPFL to leverage business upturns as we con-
company’s strategic play in the BOPP Films, said, “This investment is a strate- tinue to maintain market leadership.”
segment and is in line with the company’s gic step to further strengthen our market
aim to increase market share amidst position and drive sustainable growth. According to the company, the Nashik
challenging demand-supply imbalances The packaging industry is fundamen- facility is the “world’s largest single
leading to ongoing pricing pressures tally a cyclical business, and the industry location facility” for the manufacturing
in the sector. is witnessing a market correction at this of fl exible packaging fi lms.

138 Chemical Weekly September 3, 2024

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