13 January, 2025 19:59:47 IST 
Nayara Energy plans to invest Rs. 68,000-crore to establish a 1.5-mtpa ethane cracker at its 20-mtpa crude oil refinery in Vadinar, Gujarat.
Front-end engineering for the petrochemicals project has now been initiated. The Vadinar refinery offers significant advantages, including integration opportunities and convenient access to the port. Its strategic location in western India places it at the heart of the country’s largest petrochemical market.
By 2030, it is anticipated that India’s petrochemical capacity will have increased from 30-mtpa to 46-mtpa. Several Indian companies, including from the public sector – Gail India, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd. (BPCL), Hindustan Petroleum Corporation Ltd. (HPCL), and ONGC – are investing in petrochemical projects.
BPCL, for example, is investing nearly $6-bn to develop a similar ethane cracker project at its Bina refinery, while Gail India plans to establish a 1.5-mtpa ethane cracker in Madhya Pradesh.
