12 Mar '18, 8am

India's #refining roadmap figures a dream to make it big in petrochemicals

Analysis: India's refining roadmap figures a dream to make it big in petrochemicals Singapore (Platts)--12 Mar 2018 418 am EDT/818 GMT India's resilient oil demand outlook will prompt its private and state-owned refiners to pursue ambitious brownfield and greenfield expansion plans in coming years, undaunted by the widespread push to embrace alternative energy forms or electric vehicles, according to industry officials and refiners. Delegates and speakers attending the S&P Global Platts Asian Refining Summit last week, however, added that most future refining expansions in India -- one of Asia's fastest growing oil demand centers -- will take place keeping the petrochemicals sector in mind -- a sector whose growth is expected to surpass the country's GDP growth over the next decade. "India aspires to continue to be a major player in Asian refining and to also become a petr...

Full article: https://www.platts.com/latest-news/oil/singapore/analysis...

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