In the next five years, India will invest more than US$1 trillion in infrastructure, most of which will be used to build petrochemical plants to meet the growing demand for synthetic resins in its domestic market. Although India's petrochemical industry ranks sixth in the world, raw materials are extremely scarce.
India's current petrochemical capacity can no longer meet the demand for future growth. In the next five years, the Indian petrochemical industry will improve supply and demand through significant expansion of energy. According to the expansion plan, India Reliance Industries will build a vinyl plant at the Jamnagar refinery, which is expected to be completed in 2015. In addition, two new polyethylene units will be built.
Opal also plans to build a set of ethylene and downstream derivatives at its Dahej plant. Gail plans to expand its pyrolysis plant in Pata to 900,000 tons/year and build a new 450,000 tons/year LLDPE/HDPE unit. Indian Oil will build a new 1.1 million tonne/year ethylene cracker near the Baladib refinery.
MRPL will build a new 440,000 metric tons/year polypropylene plant near the Mangalore refinery and will also build an aromatic unit. The HMEL joint venture will build a set of 440,000 metric tons/year polypropylene units.
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