Petrochemicals
India’s core sector output expands by 6.7% in February
01 Apr 2024
Core sector industrial production in India expanded by 6.7 per cent in February 2024, on the back of increased production of coal, natural gas, cement, steel, crude oil, electricity and petroleum refinery products, provisional figures released on Thursday showed.
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Russian crude ships change course amid concerns over oil payments
02 Jan 2024
Several vessels transporting crude oil from Russia, previously idling off the coast of India, are now changing their course eastward, raising concerns about oil payments to Moscow and resulting in a decline in arrivals.
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ExxonMobil hands over operations of Iraqi oil field to PetroChina
02 Jan 2024
US oil giant ExxonMobil has exited the West Qurna 1 oilfield in southern Iraq and handed over its operations to PetroChina as the principal contractor, reports citing an Iraqi deputy oil minister said on Monday.
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Brazil's Petrobras brings a third floating platform into production
02 Jan 2024
Brazil’s state-owned oil and gas giant Petrobras on Sunday announced the start of commercial production from the giant Sepetiba floating production, storage, and offloading (FPSO) vessel at its Mero oil field in the pre-salt area of the Santos Basin offshore.
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Berkshire Hathaway acquires $588.7 million worth of Occidental Petroleum shares
14 Dec 2023
Berkshire Hathaway, one of the world’s largest holding companies, acquired nearly 10.5 million shares of Occidental Petroleum.
RIL, Saudi Aramco call off O2C stake sale deal
22 Nov 2021
The move comes after Reliance recently unveiled plans for the New Energy and Materials businesses by announcing the development of Dhirubhai Ambani Green Energy Giga Complex at Jamnagar, which accounts for a major part of RIL’s O2C assets
RIL pushes use of waste plastics in road projects
30 Jan 2020
India produces plastics waste of over 25,940 tonnes every day, most of which ends up in landfills or the seas, in the absence of an organised system of plastic waste management
RIL, Adnoc team up for ethylene dichloride project in Ruwais
11 Dec 2019
Under the terms of the agreement, Adnoc and RIL will create a facility to manufacture ethylene dichloride, a basic building-block for the manufacture of polyvinyl chloride, adjacent to Adnoc’s integrated refining and petrochemical site in Ruwais
BASF in $4 billion Indian chemicals joint venture
17 Oct 2019
BASF is teaming up with India’s Adani Group, Abu Dhabi National Oil Company and Borealis AG to study the feasibility of a petrochemical complex in Mundra in Gujarat with investments of up to $4 billion
RIL commissions world’s largest refinery off-gas cracker at Jamnagar
03 Jan 2018
With the world’s largest operating refinery off-gas cracker, RIL now joins the league of top 5 petrochemical producers globally in ethylene capacity
Reliance acquires Kemrock in auction-sale by lenders
07 Sep 2017
Kemrock’s total liabilities include lenders’ claims of Rs1,652.18 crore, Rs1.41 crore dues to the EPFO, Rs205.77 crore excise and customs duty dues and a VAT liability of Rs82.16 crore
RIL emerges world’s second largest producer of paraxylene
10 Jun 2017
With the commissioning of its third crystallization train RIL has emerged the world’s second largest producer of paraxylene after BP, with an annual capacity of 2.2 million tonnes or about 11 per cent of global production
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
