One of the foremost challenges plaguing the Indian petrochemicals landscape is the overreliance on traditional feedstock and processes. Despite the abundance of raw materials, the industry has been slow to embrace alternative sources and innovative technologies that could enhance efficiency and reduce costs. This inertia inhibits the sector’s ability to diversify its product portfolio and capitalize on emerging market trends. The leading experts discussed the latest scenario at the fourth session, ‘Challenges in Value Addition and Diversification in Indian Petrochemicals Industry’ of PetroChem Summit 2024 organized by the Indian Chemical News in New Delhi on February 23, 2024 in New Delhi. The session was moderated by Girishkumar Kadam, Senior Vice President & Group Head – Corporate Ratings, ICRA Limited In his opening remarks, Kadam said, “India being a developing country, the demand prospects for petrochemical products are strong and also given the ...

Mitsui and Co India, an Indian subsidiary of Japanese trading major, Mitsui & Co has joined hands with Indian chemical company Meghmani Group to set up a Chlorinated Polyvinyl Chloride (CPVC) manufacturing plant at Dahej. This was announced by Mitsui & Co on Monday. According to the statement issued by the Gujarat government, Trience Speciality Chemicals Pvt Ltd, a joint venture company between Kaneka Corporation, Meghmani Group and Mitsui & Co Ltd has been formed to set up the CPVC plant.This is the second announcement for a CPVC plant to be set up in Dahej after Lubrizol Corporation, a wholly owned subsidiary of billionaire investor Warren Buffett’s investment company, Berkshire Hathaway Inc expressed its desire to set up a facility in Dahej. Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2024, 11-12 July 2024, Mumbai