India has 194 MTPA Petroleum refining capacity. It has number of gas cracker complexes with
downstream facility producing 8 MTPA plastic and polymers. Economic growth urbanization, and
demography are the growth drivers. At the same time domestic demand and feed stock advantages
are key growth drivers. Competitive landscape shifting is a challenge due to shale gas at North
America and coal to chemicals emergence at China.
With large initiatives in renewable energy, bio-fuel, hydrogen energy, electric vehicles etc will post
challenges for the petrochemical feedstock with refinery route. Technologies such as crude to
chemical, coal to chemical, bio-chemicals etc. will see feedstock advantages in future.
India economy is on growth path once again. India is being looked with importance in the global
economy. Key applications in the downstream such as packaging, automobile, construction,
infrastructure development are helping increase in demand and at the same time declining prices are
resulting in higher offtake by downstream converters for all type of polymers.
Connecforce is pleased to announce the official launch of 2020 India Refining & Petrochemical Forum
on March 18-19, 2019 at in Delhi. The two-day conference is to gather leaderships from global
investors, India government regulators, refiners and petrochemical producers to share and discuss
opportunities and challenges ahead of the industry.
(2020 India Refining & Petrochemical Forum)