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Wednesday, December 19, 2007
Indian petrochemical sector poised to grow at over 10% from 2006 to 2011
The Indian petrochemical industry is poised for a growth of over 10% over the next five years from 2006. This is higher than the current growth rate of 3-4%, and is expected to translate into investments of US$12-15 billion for the industry. At current prices, downstream petrochemical production is expected to increase from current levels of US$15-18 billion to US$30-35 billion over the next 5 years. Petroleum ministry estimates peg India's refining capacity to increase from 135 mln tpa in 2006 to 210-225 mln tpa by 2011. This would create an export surplus of refined products of 80-90 mln tpa by 2011.
For more details please click on the following link
http://www.plastemart.com/upload/Literature/Indian-petrochemical-poised-to-grow.asp
For more details please click on the following link
http://www.plastemart.com/upload/Literature/Indian-petrochemical-poised-to-grow.asp
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