india-n

HISTORY OF PETROCHEMICAL INDUSTRY IN INDIA:　
　　　http://www.petrochemnext.com/webapp/portal/ForumsHome

The production of petrochemicals in India began in the late fifties with the setting up of small plants using non-petroleum feedstock. Polychem Ltd. commissioned the first Polystyrene plant in 1958 which used coal based benzene. Union Carbide commissioned the first LDPE plant in 1965 at Bombay, where production was based on alcohol.

In the late sixties, NOCIL commissioned a naptha based cracker with a capacity of 60,000 tonnes per annum of ethylene. NOCIL began manufacturing ethylene oxide (EO), ethylene glycol (EG), PVC and supplied ethylene to PIL for manufacture of HDPE.

In 1973, Indian Petrochemicals Corporation Ltd (IPCL), a company owned by the Government of India, commissioned a naphtha-based aromatics plant at Baroda, Gujarat to manufacture paraxylene, metaxylene and dimethyl terepthalate (DMT).

In 1978-79, IPCL commissioned a naptha cracker with a capacity of 130,000 tonnes per annum of ethylene at Baroda to manufacture PP, LDPE, PBR, linear alkyl benzene (LAB), SAN and acrylic fibre.

In 1978, ABS Industries commissioned the first ABS plant in India. This plant was subsequently taken over by Bayer Industries in 1997 and the name was changed to Bayer ABS Ltd.

IPCL set up a natural gas based ethylene cracker with a capacity of 300,000 tonnes per annum at Nagothane, Maharashtra in 1989-90. Downstream capacities for manufacturing HDPE/LLDPE (swing plant), PP, LDPE, MEG and PVC were also set up at this complex.

In 1992-93, Reliance Industries Ltd (RIL) commissioned a 160,000 tonnes per annum HDPE/LLDPE swing plant at Hazira, Gujarat.

In 1995, Supreme Petrochem Ltd. (SPL) commissioned a 66,000 tonnes per annum HIPS/GPPS plant at Nagothane, Maharashtra. With subsequent capacity expansions, the current capacity is 188,000 tonnes per annum.

In 1996-97, RIL commissioned a naphtha cracker at Hazira, with capacity of 750,000 tonnes per annum of ethylene. RIL also expanded the swing plant capacity to 400,000 tonnes per annum and set up PP facility of 360,000 tonnes per annum.

In 1996-97, IPCL set up a 150,000 tonnes per annum PVC plant and a chloralkali unit at Gandhar, Gujarat.

In 1999, IPCL set up a 160,000 tonnes per annum HDPE plant and a MEG unit at Gandhar.

In 1999, RIL commissioned India's largest grassroots refinery at Jamnagar, Gujarat and set up PP plants with total capacity of 600,000 tonnes per annum.

The Gas Authority of India Ltd (GAIL), another public sector company, commissioned a 300,000 tonnes per annum gas-based ethylene cracker at Auraiya, Uttar Pradesh in 1999. GAIL also set up downstream units of HDPE (100,000 tonnes per annum) and a swing plant of HDPE/LLDPE (160,000 tonnes per annum).

In February 2000, IPCL commissioned a gas-based ethylene cracker with a capacity of 300,000 tonnes per annum at Gandhar, Gujarat.

In May 2000, Haldia Petrochemicals Ltd (HPL) commissioned a 420,000 tonnes per annum naphtha cracker at Haldia, West Bengal. HPL also set up downstream units of PP (210,000 tonnes per annum), HDPE (200,000 tonnes per annum) and a HDPE/LLDPE swing plant (225,000 tonnes per annum).

PVC

CHEMPLAST SANMAR LIMITED　PVC Division 　　　　　　1５万トン増設計画
　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　EDC自社生産検討

　　　　　　　　　　　　　　　　　http://www.sanmargroup.com/chlpvcpro.htm

　Commenced operations in May 1967 at Mettur, near Salem in Tamil Nadu with technology from B.F. Goodrich, USA
　Varied range of high quality PVC Resin products with a wide range of end use applications
　Capacity: 60,000 MT per annum

　Manufacturer of 3 grades of Suspension Resins, 3 grades of Paste (Dispersion) Resins, 2 grades of Copolymer Suspension Resins plus a speciality Battery Separator Resin
　The only manufacturer of Battery Separator grade Resins (made with technical know-how from ICI, UK) and Copolymer Suspension Resins in India
　The PVC business of Chemplast Sanmar is integrated backwards i.e., it gets its feedstock, industrial alcohol, from its alcohol plants at Panruti, near Neyveli and from Krishnagiri, near Dharmapuri and chlorine from its neighbouring chlor-alkali facility
　It has the necessary port-based infrastructure to import feedstock like ethylene dichloride (EDC)
　It has also recently commissioned the Oxy Chlorination plant to increase production of captive feedstock - EDC and projects to augment Ethylene and Paste resin capacity are underway
　It has a captive power generation capacity of 10 MW in the PVC plant, meeting 100% of its requirements. The chlor-alkali plant also has 30 MW additional power generating capacity, with the option to augment this capacity through wind mills

化学工業日報　2002/9/5

インドでＰＶＣ年産１５万トン新設、ケムプラスト・サンマー　資金調達にメド

　インドで大型の塩化ビニル樹脂(PVC)プラントの新設プロジェクトが前進してきた。年産１５万トン規模のプロジェクトを検討しているケムプラスト・サンマーは、ドイツの投資家などから資金調達のめどを得ており、建設を予定しているタミール・ナドゥ州の環境関係当局の承認を経て具体化に向かう見通しだ。ケムプラスト・サンマーが現有するＰＶＣの年産能力は６万トン。インドでは年率１０%以上でＰＶＣの需要が伸びており、同社では市場の高成長に対応して新設計画を検討してきた。
　ケムプラスト・サンマーの計画では、インド最南部のタミール・ナドゥ州のカッダロールに建設する。年産能力は１５万トン規模で、投資額は５０億ルピーを予定している。
　この計画については、ドイツのＤＥＧなどからの資金調達のめどを得ている模様だ。ケムプラスト・サンマーはタミール・ナドゥ州の環境関係当局から承認を得るための各種の申請も済ませた。承認を得てプロジェクトは前進することになろう。
　インドにおけるＰＶＣの需要は７９万トンとされる。インドの化学工業協会によれば、同国のＰＶＣ市場は今後数年で１００万トンを超える見通しだ。需要の増大に対応してリライアンス・インダストリーズも１５万トンの設備の新設を計画していると伝えられている。
　ケムプラスト・サンマーは現在、６万トンのＰＶＣ工場を稼働している。原料のＥＤＣ(二塩化エチレン)は輸入に依存している。新設計画の１５万トン規模の設備についてもＥＤＣは外部調達に依存するものとみられ、今後のＥＤＣ需給動向に影響を与える要因になることも予想される。

2002/9/26　化学工業日報

印ケムプラスト・サンマー
　　EDC自社生産検討、塩ビの大型新設備向けに

　塩化ビニル樹脂(PVC)の大型プラント建設計画を進めているインドのケムプラスト・サンマーは、原料である二塩化エチレン(EDC)の生産を検討し始めた模様だ。同社は現在、輸入したEDCを使って６万トンのPVC工場を稼働しており、新たに建設する１５万トン規模の新設備についても外部調達に依存するものとみられていた。
　EDCは中期的に不足が懸念されており、ケムプラスト・サンマーはこうした動向に対応するため自社生産の検討に入ったもの推定される。
　ケムプラスト・サンマーの計画ではインド最南部のタミール・ナドゥ州のカッダロールに５０億ルビーを投じてPVC工場を建設する。建設資金の調達のめども得ていると伝えられている。同社はタミールナドゥ州の環境関係当局承認のための各種申請手続きもすませた。
　
　インドにおけるPVCの需要は７９万トンとされる。今後数年で１００万トンを上回る見通しで、ケムプラスト・サンマーは需要の増大に対応して新規プロジェクトの具体化に乗り出している。PVCプラントを新設するうえで原料のEDCの確保が最重要課題になっている。ケムプラスト・サンマーは現有の６万トンの設備向けには原料を輸入しており、新プラントについても外部調達に依存するものとみられていた。しかし長期的にみてEDCの不足が予想されることから、安定して原料を確保することが重要になる。ケムプラスト・サンマーがEDCの自社生産を検討するのも、こうした原料事情が背景にあると判断できよう。

DCM Shriram Consolidated Ltd (DSCL)

is a Rupees 9.75 billion, public listed company,based in North India with a core sector business
portfolio comprising fertilisers, chlor alkali, chemicals, plastics, cement, textiles and sugar

PVC:
Commissioned: 1964 at Kota (Rajasthan)

PVC Resin Production: 34,000 MT/annum
Collaboration/Technology: Shin-Etsu Chemical Co. Ltd., Japan, Kaneka, Japan

PVC Compounds
Production/ Capacity: Up to 12,000 MT/annum customised production
Collaboration/Technology: Zeon Kasei Co. Ltd., Japan

DCW Limited

manufactures and markets various home products including the production and distribution of PVC resins, soda ash, caustic soda and the extraction and distribution of refined iodised salt under the brandname of `Captain Cook'. The company has its operating division in Gujarat and Tamilnadu.

PS 　http://www.plastemart.com/plasticnew/interviews/polystyrene.asp

Supreme Petrochem, the largest supplier increased its capacity from 104 kt to 204 kt in 2000. BASF, one of the global key players has acquired a new 60kt plant at Dahej, Gujarat and thus has entered the Indian Market.
The third Polystyrene producer viz. L G Polymers also has similar capacity.
There is therefore almost 100% excess capacity. This would certainly help in developing markets in the next few years. It must be realised that although the growth of Polystyrene during the last decade has been good, its consumption is only about 5% of the total plastics consumption in India compared to about 10% globally. The major driver of Polystyrene i.e. consumer non durable like Food service ware will be dependent on increased urbanisation and two income member families that would enhance the consumption of fast food products. Infact almost 40% of the global Polystyrene consumption is for Food Service Ware. While its share, in India, is barely 13-14%. Biaxially Oriented Polystyrene Sheet (BOPS), one of the most interesting products that finds extensive usage in packing of bakery products is not yet manufactured in India. There is a significant scope for developing markets for Polystyrene. An intensive application development effort by raw material producers in collaboration with processors would be the key factor that will play a major role in enhancing the market size of Polystyrene.

化学工業日報　2002/10/21

ＢＡＳＦ、インドでポリスチを増強

　ＢＡＳＦはインドにおけるポリスチレン（ＰＳ）の年産能力を９万トンに増強した。インド国内の需要家のニーズに対応するのが狙いで、同社では輸入品を代替して市場におけるポジションを強固にできるとしている。

　　　　　http://www.greaveslimited.com/

Greaves Limited, is one of India's leading engineering companies.

It manufactures a wide range of industrial products including diesel engines, generating sets and gearboxes to meet the requirement of core sectors. The company's core competencies are in internal combustion engines, power transmission systems and construction equipment. Greaves is the largest manufacture of internal combustion engines in India. The business operations of the Company are divided into Business Groups strategically structured to ensure maximum focus on each business area and yet retain a unique synergy in the operations.

Greaves supplies Acrylonitrile Butadiene Styrene (ABS) and High Impact Polystyrene (HIPS) manufactured at its state-of-the-art plant. Used extensively in the manufacture of products which demand the use of high tensile, high flexural and good impact resistant polymer, ABS has excellent thermal resistance, good dimensional stability and self-colourability. HIPS is a polymer that has excellent processability and is extensively used by many industries. Both polymers are available in a wide range of grades-offering specific solutions to various customer requirements.

Greaves RPRL unit with its state-of-the-art plant for the manufacture of Acrylonitrile Butadience Styrene (ABS), General Purpose Poly styrene (GPPS), High Impact Polystyrene (HIPS) and Styrene Acrylonitrile (SAN). The plant has a capacity to produce 20,000 TPA of styrenic polymers and is located at Abu Road, Rajsthan

Bayer ABS Ltd　

In India, Bayer sees particularly good opportunities in high-performance engineering plastics, which are used widely in the automotive and electronics industries. Complementing a Bayer project in Thailand, Bayer Industries Ltd. took over 51 percent of the shares of the Indian plastics manufacturer ABS Industries Ltd. in February 1997. The company has since been renamed Bayer ABS Ltd. and is presently expanding the production capacity for the plastics ABS and SAN at its plant in Baroda to about 50,000 tons per annum.

化学工業日報　2003/2/20

タターヒンダスタン合併、インドで総合肥料メーカー誕生へ
　インドのタタ・ケミカルズとヒンダスタン・リバー・ケミカルズが合併することで合意した。新会社は肥料の総合メーカーに躍進する一方、ソーダ灰と誘導品のトリポリリン酸ソーダ（ＳＴＰＰ）の統合効果も高い。これによって無機化学の大手がインドに誕生する。

2003/2/19　 Financial Times

Merger between Hind Lever and Tata Chemicals in India.
Indian companies Tata Chemicals and Hind Lever Chemicals (Unilever's 50% subsidiary) are about to merge through a share exchange. Shareholders in Hind Lever will receive 5 shares in Tata for every 2 shares they hold. The merger should make Tata Chemicals one of the leading fertilizers companies in India.

2003/5/14　Platts

New PET resin plant opens in India's West Bengal state

India's South Asian Petrochem Ltd Wednesday commissioned its 140,000 mt/yr bottle-grade polyethylene terephthalate resin plant in eastern West Bengal state. The bulk of the products from the plant, reportedly the largest PET resin plant in southeast Asia, would be exported, said a company spokesman.
The resin plant has its own power plant to generate power for its own use. German-based Zimmer Ag provided the technology for the plant, which is located in the port town of Haldia. The PET resin plant is located close to Mitsubishi Chemical Corp's 350,000 mt/yr purified terephthalic acid plant. The company would source the PTA--the primary chemical compound used in the manufacture of PET bottles and films--from the Japanese subsidiary, the source said. India's food and beverage industry has stepped up the use of PET as their packaging material.

Platts 2004/8/27

India's Chennai Petroleum to build 165,000+ mt/yr PP plant

India's refining major Chennai Petroleum Corp (CPC) is planning to set up a polypropylene plant at its 950,000-mt/year petroleum refinery complex in the southern Tamil Nadu state city of Chennai. The plant capacity is a planned 165,000 mt/yr although company chairman, M Ramachandran told Platts it was mulling building the plant with larger capacity. "We will press ahead with the project once a decision on the capacity is decided," Ramachandran added, at the sidelines of an industry function, Friday.

Indian Oil Corp owns the majority stake in CPC, whose polypropylene project is in line with IOC's strategy to foray into petrochemicals. In mid-August, IOC commissioned a 120,000-mt/yr linear alkyl benzene plant at its 13.70-mil mt/year Koyali petroleum refinery in western Gujarat. IOC is also building a 350,000-mt/year paraxylene and 553,000- mt/year purified terephthalic acid production plants at Paniat in northwestern Haryana state. The company has also decided to set up an 800,000-mt/yr naphtha cracker facility in northwestern Haryana state.

Platts 2005/8/31

Indian petchems importers get tax break under Singapore-India FTA

Indian petrochemical importers have been enjoying lower import taxes on products from Singapore since Aug 1 following the signing of the India-Singapore Comprehensive Economic Cooperation Agreement (CECA) on Jun 29, industry sources said this week.
Under the CECA, an estimated 75% of Singapore's domestic exports to India will have tariffs eliminated or reduced over the next five years. Among the sectors benefiting from the agreement include petrochemicals, electrical and electronics, and pharmaceuticals, according to Singapore's Ministry of Trade and Industry. The agreement stipulates that import taxes on Singapore goods would either be immediately eliminated, eliminated in phases, reduced in phases or excluded from any tax concession.
Goods in the immediate elimination category will have tariffs on them completely eliminated from Aug 1, 2005. Notable petrochemical products under this category include styrene and butanol.
Goods under the phased elimination category will see import tariffs cut by 10% from now until Mar 31, 2006. In the second year, between Apr 1, 2006 and Mar 31, 2007, the tariff reduction will be increased by 15% to 25%. In the third year, import taxes would be halved; in the fourth year, cut by 75% and in the fifth year ending Mar 31 2010, taxes would be completely eliminated. Petrochemicals which fall under this category include dioctyl phthalate (DOP), dibutyl phthalate (DBP), phthalic acid and phthalate plasticizers.
Goods under the phased reduction category will see their tariffs cut by 50% over the five years. In the first year until Mar 31, 2006, taxes would be cut by 5%. In the second year, the cut would be increased to 10%, in the third year, up to 20%, in the fourth year a 35% cut and in the fifth year ending Mar 31 2010, taxes would be halved. Petrochemicals under this category include toluene, mixed xylenes, ethylbenzene, cumene, ethylene glycol (ethanediol), butanediol, acrylonitrile and isobutyl acetate.
Products totally excluded from tax concession include acetic acid, 2-ethyl hexanol and vinyl acetate, amongst others.
In the case of toluene, Indian importers who were previously paying 5% import duty on Singapore cargoes need only pay 4.75% this year. "Although a 5% cut (in import taxes) in the first year is small (worth $2-3/mt), it is a good start," said an Indian-based importer who buys cargoes from Exxon Mobil. "I will try to divert more of my imports to [sourcing from] Singapore if possible," he noted.

2005/9/19 Platts

India's IOC to detail Paradip refinery, petchem project by Nov

State-run Indian Oil Corp (IOC) will submit a detailed feasibility report for a 15-mil mt/yr petrochemical and refinery project in Paradip by November 2005, a company source said Monday. The study will be submitted to its board, and approval of the project is expected be finalized in two months. IOC has targeted a start-up date of 2010 for the plant, located in the eastern state of Orissa.
Petrochemical production at the site will include paraxylene, polypropylene and ethyl benzene, which will be entirely diverted for styrene production. Actual production capacities have yet to be finalized as the project is still in a preliminary planning stage, the source said. In the second stage of the Paradip project, IOC is planning to add a 1-mil mt/yr naphtha cracker and downstream production which will include high-density polyethylene, linear low density PE, incremental polypropylene as well as monoethylene glycol.
Shell is said to be involved in the optimization of the associated refinery's configuration. The refinery will have a 15-mil mt/yr crude distillation unit, a vacuum gasoil hydrotreater, a coker and a fluid catalytic cracking unit. Works are already in the pipeline to double the Panipat refinery from 6- to 12-mil mt/yr capacity by December 2005.
IOC is also looking at expanding its 6-mil mt/yr Haldia refinery capacity to 7.5-mil mt/yr. IOC's total refining capacity will thus be boosted by 56% to 65-mil mt/yr, from a current 41.5-mil mt/yr. IOC is India's largest refiner and oil products retailer. Apart from seven refineries, IOC has a majority stake in three other refineries.

Platts 2006/1/16

Chemplast approves $100-mil 170 kt/yr PVC plant in south India

India's Chemplast Sanmar Ltd is to invest Rs4500-mil (US$100-mil) in setting up a 170,000 mt/yr green field polyvinyl chloride (PVC) plant at Cuddalore in Tamil Nadu, south India, the company said. "The Board (Directors of the company) approved the proposal to set up a green field 170,000 mt/yr PVC project at Cuddalore at an investment of Rs 4500-mil,' Chemplast Sanmar told the Bombay Stock Exchange in a statement issued Monday.
Chemplast had already received environmental clearance from the federal government for setting up the new PVC Plant at Cuddalore. The company initially planned to add 140,000 mt/yr capacity to the the existing plant at Mettur, near Salem in Tamil Nadu, but the Tamil Nadu provincial government opposed the setting up of the plant on environmental concerns.
Chemplast Sanmar currently has a capacity of around 60,000 mt/yr PVC resin at its Mettur plant, using B F Goodrich technology from the US. It manufactures a variety of high quality PVC resin products, including battery separator resins, two grades of copolymer resins, five grades of suspension resins and three grades of paste (dispersion) resins.
The basic feedstock for its PVC plant, ethylene and chlorine, come from its industrial alcohol plant at Panruti and its own chloralkali facilities at Mettur and Karaikal, located in central Tamil Nadu.

2006/2/16 betapharm

3i sells betapharm to India based Dr. Reddy's Labs
http://www.betapharm.com/index.php?id=266

3i, Europe's leading private equity and venture capital company has sold German generic pharmaceutical company betapharm Arzneimittel GmbH to Indian Dr. Reddy's Laboratories Ltd. The transaction volume is Euro 480m. The sale also includes the not for profit beta institute.

Founded in 1993, betapharm is the fourth-largest generics company in Germany with a market share of about 3.5%. betapharm markets high-quality generic drugs focussing on long-term therapy products with high prescription rates. betapharm is the fastest growing generics company over the past five years in the top 10 in Germany(1) with a track record of successful product launches. betapharm's current portfolio comprises circa 145 active ingredients in the market. Located in Augsburg, Germany, betapharm currently employs circa 370 people including a sales force of about 250.

3i invested in betapharm in March 2004. Since then 3i has been active in helping the company develop its business activities, particularly in product sourcing. 3i also introduced Thomas Nedtwig as a Chief Financial Officer and managed the succession of Dr. Wolfgang Niedermaier as CEO when Peter Walter retired.

Bernie Schuler, a partner in 3i's European buyouts business based in Frankfurt, has led this transaction and has been on the board managing the investment, from completion to exit. Commenting on today's sale, he said: "3i has worked closely with management in the past two years to position the business for international growth and expansion. Today's sale to Dr. Reddy's is an exciting logical step for betapharm's next phase of development. Dr. Reddy's broader product range and high quality production base at competitive cost levels will enable the business to grow exponentially."

The buyer, Dr. Reddy's Laboratories Limited, established in 1984, is an emerging global pharmaceutical company with proven research capabilities. The company is vertically integrated with a presence across the pharmaceutical value chain. It produces generic finished dosage forms, active pharmaceutical ingredients and biotechnology products and markets them globally, with a focus on India, U.S.A, Europe and Russia. Dr. Reddy's employs over 6,500 people globally with headquarters in Hyderabad, India.

Dr. Wolfgang Niedermaier, CEO of betapharm comments: "Dr. Reddy`s impressive pipeline of generic and innovative products and its high quality standards combined with competitive manufacturing costs will help further develop our position in the German market and offer an entry platform for the European market. Its extensive and well recognised corporate social responsibility activities perfectly fit with our successful corporate philosophy and business model. We see Dr. Reddy`s as our partner of choice to build a successful joint future and continue betapharm`s growth and success story."

Commenting on the strategic acquisition, G V Prasad, Vice-Chairman and CEO, Dr. Reddy's Laboratories, said: "We are very excited with our strategic investment in betapharm. betapharm with its differentiated business model has all the key elements for achieving success in a fast growing generics market in Germany. We strongly believe that this strategic investment will generate substantial opportunities for long-term value creation for both companies."

Bear, Stearns International Limited, New York, and Sal.Oppenheim, Frankfurt, acted as financial advisors to 3i on this transaction and Clifford Chance, Frankfurt, acted as external legal counsel for 3i. Rothschild, London, acted as financial advisors and Freshfields Bruckhaus Deringer, Munich, acted as external legal counsel to Dr. Reddy's in this transaction.

betapharm 　http://www.betapharm.com/

betapharm Arzneimittel GmbH was founded in Augsburg in 1993. The pharmaceuticals company distributes reliably high-quality generics (unpatented medicines) at affordable prices. With around 150 active pharmaceutical ingredients, our medicines cover all major illnesses, from common cold to serious cardiovascular diseases. Today the company employs a workforce of more than 350 people and in 2005 achieved a turnover of Euro186 million (NDC Insight, NPI).

2006/5/30　日本経済新聞

エチレンプラント　インド最大施設建設　東洋エンジ　総受注額７５０億円

　東洋エンジニアリングはインド大手機械メーカーのL&Tと共同で、国営インド石油(IOC)から石油化学の基礎材料となるエチレンの大型プラントを受注した。同国最大となる年産８０万トンの設備で、２００９年に完成、受注額は７５０億円で、東洋エンジグループの取り分は全体の６割にあたる約４５０億円にのぼる。今回の受注を機に、プラント建設が旺盛なインドでの事業拡大を目指す。
　インド北西部のハリアナ洲パニパットに建設する。東洋エンジなどは設計、資機材調達、建設、試運転までを一括して請け負った。隣接の製油所などから調達するナフサを原料にエチレンを製造する設備で、このエチレンは汎用合成樹脂のポリエチレンやポリプロピレンなどの原料となる。IOCが計画している初めてのエチレンプラントで、石油を化学製品まで付加価値を上げて国内調達率を上げようとしている。

平成18年5月30日東洋エンジニアリング

インド向け大型エチレン設備を日印のエンジ企業連合にて受注

　東洋エンジニアリング株式会社（ＴＥＣ、取締役社長山田豊）は、インドのエンジニアリング業界大手のＬ＆Ｔ社と共同で、インド国営石油会社（IOCL）が、同国北西部ハリアナ州・パニパットに新設する、年産８０万トンのエチレン製造設備をこの度受注いたしました。本プロジェクトは、隣接する同社パニパット製油所他からのナフサを原料に、インド最大かつ北インド初の大型エチレン製造設備を建設するもので、主に国内での需要に対応するものです。米国ＡＢＢルーマス社の技術をベースに、ＴＥＣとＬ＆Ｔは設計から工事/試運転までのＥＰＣ業務を一括請負で実施し、プラントの完成は2009年第3四半期を予定しています。ＴＥＣは本プロジェクトに参画する現地法人Toyo Indiaと協力し、今後投資が期待されるインドの石油化学分野でも、積極的にビジネス展開を図ります。

<受注概要>
　　
■客先 　 インド国営石油会社（IOCL: Indian Oil Corporation Limited)
＜本社：ムンバイ＞～インド最大の売上高（約1兆5千億ルピー：2004年度）の企業～
■受注者　 TECとL&T（Larsen and Toubro Limited：ラルセン社）　＜本社：ムンバイ＞
■対象設備 年産８０万トンエチレン製造設備（原料はナフサ・ベース）
■建設地　インド、ハリアナ州パニパット（デリーから北西へ約１２５Km）
　　　　　　　　～同社のパニパット製油所（原油処理能力・年間６００万トン）の隣接地～
■適用技術　米国ＡＢＢルーマス社（ABB Lummus Global Inc.）技術
■役務内容　設計、機器資材の調達および工事、試運転助成までの一括請負
■プラントの完成予想　 2009年第３四半期
■受注の意義
　* 本設備はインド最大かつ北インド初のエチレン製造設備であると共に、IOCLが建設する初のエチレンプラント。新設される本石油化学コンビナートでは、このエチレンを原料に高密度ポリエチレン、ポリプロピレン、モノエチレングリコール等の基礎化学品が生産される。
　* ＴＥＣとＬ＆Ｔが共同で受注した初の大型プラントで、プロジェクト実施にはＴＥＣグループ（Global Toyoと呼称）の中核企業である現地エンジ会社のToyo Indiaが参画。
　* 本件はＴＥＣの３８件目の新設エチレンプラント実績で、３６件目のインドでのプラント実績。
　* 現在ＴＥＣとToyo Indiaは、インドで２件の大型エネルギー関連(ＬＮＧ/ＮＧＬ）プロジェクトを実施している。

http://www.iocl.com/petrochem.aspx

IndianOil has finalised a US$ 5.7 billion master plan on petrochemicals, predominantly utilising the streams available from its various refineries. As part of its forward integration strategy, IndianOil is co-locating petrochemical plants with its existing and proposed refineries. World-scale petrochemicals plants with state-of-the-art technology have been identified and are under various stages of implementation. In addition, IndianOil is also exploring the possibility of equity participation / acquisition of other projects in India and abroad. These ventures are estimated to have a capital investment requirement of about Rs. 25,0000 ? Rs. 30,000 crore spread over the next eight years, to enable IndianOil quickly emerge as a leading petrochemicals player in the country.

Towards setting up of greenfield projects, IndianOil took the first step by commissioning a LAB plant at Gujarat Refinery in August 2004. IndianOil is also implementing an integrated PX/PTA project PX/PTA project at Panipat Refinery, to be commissioned in fiscal 2005. IndianOil is in an advanced stage of setting up a Naphtha Cracker and downstream polymer units at Panipat.

LAB (Linear Alkyl Benzene):
The year 2004-05 marked IndianOil's big-ticket entry into petrochemicals with the commissioning of the country's largest Linear Alkyl Benzene (LAB) plant at Gujarat Refinery in August 2004. It is also the largest grassroots single train Kerosene-to-LAB unit in the world, with an installed capacity of 1,20,000 million tonnes per annum (MTPA). Currently, two grades of LAB - high molecular weight and low molecular weight - are being produced. The quality of the LAB produced here has found wide acceptance in the domestic and overseas markets.

Built at a cost of Rs. 1,248 crore and commissioned in a record 24 months' time, the plant produces superior quality LAB for manufacturing environment-friendly biodegradable detergents, using state-of-the-art Detal technology from M/s UOP, USA. The key raw materials for the plant, catering to domestic as well as export market requirements meeting the latest and most stringent quality standards, are Kerosene and Benzene produced at Koyali Refinery.

PX/PTA (Paraxylene / Purified Terephthalic Acid):
The PX/PTA project marks IndianOil's major step towards forward integration in the hydrocarbon value chain by manufacturing Paraxylene (PX) from Naphtha and thereafter, converting it into Purified Terephthalic Acid (PTA). Currently under implementation at Panipat Refinery in Haryana, the integrated Paraxylene/Purified Terephthallic Acid (PX/PTA) complex is being built at a cost of Rs. 5,104 crore.

The PTA Plant will be the single largest unit in India with a world-scale capacity of 553,000 MTPA, achieving economy of scale. The process package for the PTA plant was prepared by erstwhile M/s Dupont, UK (now M/s. Invista) and that of the Paraxylene Unit was prepared by M/s UOP, USA. M/s EIL and M/s Toyo Engineering have been selected as the Project Management Consultants (PMC) for executing the PTA and PX respectively.

The Paraxylene plant is designed to process 500,000 MTPA of heart-cut Naphtha to produce about 360,000 MTPA of PX. Naphtha will be sourced from IndianOil's Panipat and Mathura refineries, for which Naphtha splitter units are being set up at the respective refineries. The PTA unit will produce 553,000 MTPA of Purified Terephthalic Acid from Paraxylene. Technologically, the plant will be one of the most advanced in the country.

IndianOil has selected the latest and the most modern technology available in this field to achieve economy of scale in the plants scheduled for commissioning in 2006.

Naphtha Cracker:

The Naphtha Cracker and downstream polymer units are being set up at Panipat at a cost of Rs. 6,300 crore. An MoU has been signed in June 2004 with the Government of Haryana, who are providing fiscal incentives and concessions for the project.

Planned to be completed by 2009, this project envisages setting up of a Naphtha Cracker based on captive utilisation of Naphtha from Panipat, Mathura and Koyali refineries of IndianOil. The Naphtha Cracker complex envisages other downstream polymer units utilising intermediates ethylene and propylene to be generated from the Cracker.

The Naphtha Cracker unit is designed to produce 800,000 tonnes per annum of ethylene and 600,000 tonnes per annum of Propylene, based on which other downstream polymer units are being designed to produce Linear Low Density Polyethylene (LLDPE), High Density Polyethylene (HDPE), Polypropylene (PP) and the speciality chemical Mono Ethylene Glycol (MEG). The capacities of the Naphtha Cracker and polymer units are kept at world-class level, with the products ranging from commodity to niche grades.

November 10, 2004 NOVA

Indian Oil Corporation selects NOVA Chemicals' SCLAIRTECH technology for LLDPE/HDPE Swing Unit Project at Panipat

NOVA Chemicals Corporation today announced its proprietary SCLAIRTECH technology has been selected by Indian Oil Corporation Limited (IOCL) for a new linear-low density/high-density polyethylene (LLDPE/HDPE) plant in India.

With the addition of the IOCL plant, NOVA Chemicals' SCLAIRTECH technology will be utilized in manufacturing nearly half of all polyethylene produced in India.

Scheduled for completion in the third quarter of 2007, the facility is designed to produce 350 kilotonnes (770 million pounds) of polyethylene per year using NOVA Chemicals' SCLAIRTECH solution-phase technology. The plant will be located in Panipat, Haryana, approximately 100 kilometers north of New Delhi. NOVA Chemicals and IOCL expect to sign a license agreement for the plant, pending approval of the Indian Ministry of Industry, before the end of 2004.

IndianOil April 14, 2006

IndianOil inks MOU with HSIDC for Petrochemical Hub at Panipat
http://www.iocl.com/displaynews.aspx?file_name=rel301&fol_name=releases

IndianOil Corporation Ltd. (IndianOil), India's leading Fortune Global 500 company and Haryana State Industrial Development Corporation (HSIDC) signed a Memorandum of Understanding (MoU) at Chandigarh today for the creation of a special purpose vehicle (SPV) for developing a petrochemical hub at Panipat. The MoU was inked by Shri BM Bansal, Director (Planning & Business Development), IndianOil and Shri Rajeev Arora, Managing Director, HSIDC, in the presence of Shri Bhupinder Singh Hooda, Hon'ble Chief Minister, Haryana and Shri Sarthak Behuria, Chairman, IndianOil. The proposed SPV will have equity from IndianOil, HSIDC and private developers and shall be entrusted with the responsibility of land acquisition, creation of the necessary infrastructure, etc.

The MoU marks a major milestone of cooperation and progress as envisaged in the MoU signed earlier on June 22, 2004 by IndianOil and the Government of Haryana for setting up a mega petrochemicals complex at Panipat. The project shall be based on naphtha as feedstock and would comprise associated units and downstream polymer/ chemical units such as dedicated HDPE (High Density Polyethylene), Polypropylene and MEG (Mono Ethylene Glycol) at an estimated investment of Rs 11,000 crore. Feasibility is also being studied for setting up for the downstream projects Polyethylene Terephthalate (PET) by utilizing a part of the PTA (Purified Terephtnalic Acid) to be generated as feedstock.

There is huge potential for downstream chemical and petrochemical projects based on the various refinery streams as feedstock. The feedstock available from IndianOil's petrochemical projects can nurture various downstream industries up such as Polyester Staple Fibre (PSF), Polyester Filament Yarn (PFY), Partially Oriented Yarn (POY) and Polyethylene Terephthatate (PET). PSF, PFY and POY are used as ingredients for manufacturing textilea, mostlty polyester oriented garments, carpets and other domestic products, for this, a naphtha cracker along with polymer units is expected to go on stream by 2009.

The project at Panipat, as envisaged by IndianOil would help create a world class Petrochemical Hub, Which would cater to the requirement of northern region as well as other regions. While for IndianOil, this project is a cornerstone for big-time entry into petrochemicals as a new growth area, for the state of Haryana this project shall entail significant industrial activity in the years to come.

HSIDC is acquiring 5,000 acres of land for setting up the petrochemical hub with all the basic amenities such as internal roads, drains, sewerage system, street light, electricity effluent treatment plants, fire station, commercial & housing facilities, including development of civic infrastructure like schools, hospitals, parks, etc, the corporation has already initiated acquisition proceedings for 1,000 acres of land for the first phase of the project. The remaining 4,000 acres shall be acquired during the next two years in a phased manner.

The petrochemical hub would require huge skilled and unskilled manpower ranging from 10,000 to 20,000 during the construction period, which may span over a decade or so. In addition such magnitude of investment in downstream industries will also open up major opportunities for development in infrastructure and peripheral facilities in the state leading to development of major vendors for supply and contracts. It is estimated that infrastructure development worth around Rs 2,000 crore shall be generated through this project. With an investment of around Rs 15, 000 crore as above in petrochemicals and end products, the downstream industries are likely to generate an annual turnover of about Rs. 12, 500 crore.

June 22, 2004 IndianOil

IndianOil inks MoU with Government of Haryana for Naphtha Cracker and Polymer Complex at Panipat
http://www.iocl.com/displaynews.aspx?file_name=rel126&fol_name=releases

Indian Oil Corporation Ltd., India's only 'Fortune Global 500' energy major, and the Government of Haryana signed a Memorandum of Understanding (MoU) here today, for setting up a Naphtha Cracker and Polymer Complex at Panipat. Mr. N K Nayyar, Director (Planning & Business Development), IndianOil, and Mr. S C Chaudhary, Commissioner (Industries), Government of Haryana, signed this MOU in the presence of the State Chief Secretary, Mr. A N Mathur and other senior officials.

The MoU marks a major milestone of co-operation and progress for setting up the above complex at Panipat at an estimated cost of Rs. 6300 crore. The project is scheduled to be completed by the second quarter of 2007. The project envisages setting up of a Naphtha Cracker based on captive utilisation of Naphtha from Panipat, Mathura and Koyali refineries of IndianOil, besides other downstream polymer units utilising the intermediate ethylene and propylene to be generated from the Cracker. In order to ensure the economic viability of the project, Government of Haryana, as part of the MoU, has provided fiscal incentives and concessions.

IndianOil, with the full support of the State of Haryana, is developing a world class petrochemicals hub at Panipat. According to Mr. M S Ramachandran, Chairman, IndianOil, the proposed Naptha Cracker complex will be a part of the Corporation's overall integrated Refinery and Petrochemicals Complex, which includes the PX/PTA and Panipat Refinery expansion projects, which are currently underway. With a combined investment of over Rs. 20,000 crore, the integrated Refinery and Petrochemicals Complex is IndianOil's single largest investment at any single location in the country.

While for IndianOil, this project is a cornerstone for entry into petrochemicals and a new business line for growth, for the State of Haryana however, this project shall lay the foundation for creation of a world class petrochemicals hub, which will engender significant industrial activity in the coming years.

"The signing of the MoU marks a major milestone of co-operation and progress bringing together IndianOil, -- India's largest business enterprise -- and the State of Haryana, one of the most progressive states in the country ", said Mr. N K Nayyar, Director (Planning and Business Development), IndianOil, on the occasion of the MoU.

2006/6/20 Indian Oil

IndianOil commissions India's largest PTA plant at Panipat

India's leading Fortune 'Global 500' company- IndianOil has commissioned the countrys largest Purified Terephthalic Acid (PTA) plant at it's Panipat Refinery in Haryana.

The plant was inaugurated today by Chairman Mr. Sarthak Behuria in presence of Director (Refineries), Mr. Jaspal Singh and Director (Planning & Business Development), Mr. B M Bansal.

With the commissioning of this plant, IndianOil's vision of becoming a major player in Petrochemicals business gets a big leap forward.

The PTA plant at Panipat utilises the latest state of the art T-10 technology of M/s Invista (earlier Dupont) producing PTA of a far more superior quality than the one produced and marketed in India and abroad. Moreover, it will be used as raw material for the manufacturing of staple fibre, filament yarn, PET bottles, polyester film, audio video tapes etc. for which the market is growing at a fast pace.

Speaking on the occasion, IndianOil Chairman said "At IndianOil, we have identified the petrochemicals business as one of the prime drivers of future growth and to achieve this, we have drawn up an ambitious Rs. 30,000 crore master plan. We are using product streams from our existing refineries to achieve better utilisation of the hydrocarbon value chain".

"Our master plan for the petrochemicals business involves development of world-scale petrochemical hubs at Panipat in the North and Paradip on the East Coast," he added.

Shri Jaspal Singh in his address said that the Px-PTA complex set-up at a cost of approx. Rs.4600 Crore will produce 360,000 Tonnes of para-Xylene per annum which in-turn will produce 550,000 Tonnes of PTA per annum. Over 20,000 tonnes of Benzene will also be produced per annum as a by-product from the complex. There is a flexibility of marketing paraxylene also.

M/s L&T were the LSTK contractor who carried out the engineering, procurement, construction besides providing commissioning assistance for the plant. M/s Engineers India Ltd (EIL) was the Project Management Consultant (PMC).

Mr. P Mukerji, DIR(PJ), EIL and Mr. M R Shankar, Exe. Vice President, L&T, Executive Director, Panipat Refinery Shri C. Manoharan were also present on the occasion.

Platts 2006/6/22

India's ONGC to break ground on new petrochemical complex Friday

India's Oil and Natural Gas Corp Friday will launch construction of a 1-mil mt/year aromatics facility at Mangalore in southern Karnataka state.
Indian Prime Minister Manmohan Singh will fly down to the site to lay a foundation stone to mark the occasion, a senior ONGC official said Thursday.
Commissioning of the plant is scheduled for 2010, the official said.
ONGC, in a tie-up with its subsidiary Mangalore Refinery and Petrochemicals Ltd, has formed a new company -- Mangalore SEZ -- to build the facility at the Mangalore Special Economic Zone, close to an oil refinery run by MRPL. MRPL is raising capacity at that refinery to 15-mil mt/year from a current 9.69-mil mt/year to provide naphtha for the petrochemical plant. ONGC, through Mangalore SEZ, plans to invest Rupees 450-bil ($9.79-bil) to set up the aromatics complex, a new petroleum refinery, a liquefied natural gas terminal and a gas-based power generation facility.
The new refinery project would involve investment of Rupees 300-bil ($6.53-bil). ONGC has ordered a detailed feasibility report for building the new 15-mil mt/year refinery that would be built adjacent to MRPL's existing plant, ONGC has said.
The aromatics complex would involve investment of another Rupees 150-bil ($3.26-bil) and has also been approved by ONGC and MRPL boards. ONGC has yet to determine investment needed to build the LNG terminal and power plant. ONGC is India's largest exploration and production firm, accounting for 80% of India's yearly crude output of 33.50-mil mt.

Aug 08, 2006 The Times of India

ONGC plans mega petrochem unit

Oil and Natural Gas Corporation Ltd.(ONGC)'s new petrochemicals complex -- which will produce petrochemical building blocks paraxylene and benzene -- is the first of its kind in the southern peninsula, removing the freight handicap of southern consumers.

It would also facilitate advancement of the petrochemical industry, with broad-basing of the supply sources to the Indian consumers.

The complex is the precursor of a chain of investments envisaged in the Mangalore SEZ (M-SEZ).

A combined investment of around Rs 12,900 crore has already been approved by ONGC for the Refinery Upgradation and Aromatics (petrochemicals) complex.

This will become one of the largest PSU refinery investments at a single location in the country. The complex will produce paraxylene and benzene and the naphtha from the MRPL refinery will be upgraded to paraxylene.

The feedstock is the heavy naphtha generated in the MRPL refinery. The refinery already has two catalytic reformers and one more new reformer of similar capacity will be installed in the new complex.

Thus, around 1.6 million metric tonnes per annum (mmtpa) of heavy naphtha will be the feedstock to produce 0.95 mmtpa of paraxylene and around 0.15 mmtpa of benzene, the rest being LPG, gasoline pool feed and tail gas.

The oil major has also planned to add another petrochemicals (olefins) complex, subsequently. This unit is the precursor of a chain of investments in the Mangalore SEZ.

ONGC envisages investment of more than Rs 35,000 crore for integrated operations in midstream and downstream like refining, petrochemicals, power and LNG, in this M-SEZ, which is likely to be the first Petroleum, Chemicals, Petrochemicals Investment Region (PCPIR) of the country.

In this M-SEZ, support services like banking, insurance, etc. will also be carried out, to make it self-contained. With upgradation of MRPL, the new refinery configuration will enable processing of higher proportion of low-cost sour and heavy crudes leading to better margins.

India, constitutes just about 2 percent of the world petrochemicals capacity. This is in sharp contrast to the 12 percent-plus growth rate which the country has set sights on, calling for augmented supplies of energy products, including petrochemicals.

The unit will bring some balance in the distribution of petrochemical capacity.

As per estimates, the current paraxylene demand in India is more than 2 million tonnes per annum (mmtpa) and is expected to grow at more than 7 percent every year. The supply position is estimated to lag this demand for quite a few years to come, making for a comfortable market.

Platts 2006/8/14

India gives green light for ONGC move into petrochemicals

Indian energy minister M S Srinivasan has given a greenlight from the government for state-owned Oil and Natural Gas Corp (ONGC) to move ahead with plans to build petrochemicals units around the country, Press Trust of India said Monday. Srinivasan was quoted by the official news agency as saying ONGC would be allowed "to set up petrochemical complexes wherever they have refineries or have a natural gas source."
Earlier this month, ONGC's board of directors approved a plan for to build a 1.1 million mt/year petrochemical complex at Dahej. The cracker would produce ethylene, propylene and derivative products HDPE, LLDPE, PP and styrene butadiene rubber. The oil and gas producer also plans to add petrochemicals units to its 240,000 barrels/day Mangalore oil refinery.
"Worldwide, refineries are being converted into refinery-cum-petrochemical complexes to gain from the high margins on
petrochemicals," Srinivasan said in the comments published Monday.
Srinivasan was quoted as saying the governmemnt was not ready to allow ONGC to move into retail markets for petrol and diesel, however. Domestic retailers Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) and often sell such products at a loss into India's subsidized markets, receiving government oil bonds in return. "No such compensation mechanism is available to new players in this business, including ONGC," the minister said.

Aug 8, 2006 Oil and Natural Gas Corporation

ONGC Board approves investment proposals Development of C-series in Mumbai offshore (Rs. 3195 Crore) and Dahej Petrochemical Complex (Rs. 13600 Crore)

The Board of Oil and Natural Gas Corporation Ltd. (ONGC), in its 158th meeting on 8th August 2006 has approved investment proposals for (i) Development of C-series in Mumbai offshore and (ii) Dahej Petrochemicals Complex.

(ii) Dahej Petrochemicals Complex

In pursuance of its ongoing business pursuits for value chain integration, ONGC will be implementing a global scale Petrochemicals complex comprising of 1.1 million tonnes per annum of Ethylene capacity dual feed cracker, along with associated units and polymer plants, to manufacture HDPE, LLDPE, PP and Styrene Butadiene Rubber (SBR) at Dahej in Gujarat.

This Petrochemicals Complex will be integrated with ONGC's own C2-C3 plant which is currently under execution (at Dahej) and Naphtha as feedstock from ONGC's own operational units at Hazira and Uran. The project is proposed to be implemented through a SPV route, with ONGC having management control, holding 26% equity. GSPC has evinced interest to participate in the project as a joint venture partner. With a projected Debt-Equity ratio of 2.55:1, ONGC's anticipated equity investment (26%) would be around Rs. 992 Crore.

With assistance from Gujarat Government through participation of its nominee GIDC as a co-promoter, ONGC's Petrochemicals Complex, as the anchor industry, will come up in the Dahej Special Economic Zone (D-SEZ). This would help in optimizing the project cost and help development of various plastic processing industries within SEZ to seize significant export market potential.

This mega Petrochemicals Complex, with cracker of global capacity and highest in the country so far, will involve investment of around Rs. 13,600 Crore for its implementation, along with downstream polymer plants. With its commissioning around mid-2010, it will catalyze significant economic development in western India and the country as well.

GSPC GUJARAT STATE PETROLEUM CORPORATION LTD.

More than 25 years ago, the Government of Gujarat conceived the formation of a petrochemical company, that has today metamorphosed into a large-scale energy organization, excelling in a wide gamut of hydrocarbon activities. Notwithstanding its limited role and the low key infrastructure, the organization drew inspirations from the exciting opportunities that the hydrocarbon sector offered in the wake of liberalization of Indian economy. It gradually began to expand its vision, widened the scope of its activities and rechristened itself as Gujarat State Petroleum Corporation in 1994, to enable smoother journey towards its proactive vision.

2007/1/25 Foster Wheeler

Foster Wheeler Awarded Contract for World-Scale Refinery and Petrochemicals Complex in India

Foster Wheeler Ltd. announced today that two subsidiaries in its Global Engineering and Construction Group, Foster Wheeler Energy Limited and Foster Wheeler India Private Limited, have been awarded services contracts by Indian Oil Corporation Limited (IOCL) for the Paradip Refinery Project, which is expected to be one of the largest integrated refinery petrochemicals complexes in India. This world-scale facility, comprising a new export refinery and petrochemicals complex, will be built in Orissa State.

The terms of the contracts were not disclosed, and the projects will be included in the company's first-quarter 2007 bookings.

Foster Wheeler's scope includes the front-end engineering design (FEED), preparation of cost estimates and the overall project strategy, and supervision of early works on site up to financial investment decision for the refinery, which is expected in mid-2008.

The planned new refinery, with a crude processing capacity of 15 million tonnes per annum (TPA), will include a fluidized catalytic cracking unit, an aromatics complex and a polypropylene unit. The new complex will ultimately produce 700,000 TPA of polypropylene, 1.2 million TPA of paraxylene, 600,000 TPA of styrene monomer, along with 10.5 million TPA of refined petroleum products. This award also includes a detailed feasibility study for Phase 2 of the development, the Paradip Naphtha Cracker Project.

"Foster Wheeler is very pleased to be awarded this strategically important project," said Steve Davies, chairman and chief executive officer, Foster Wheeler Energy Limited. "This award reflects our in-depth expertise in refining and petrochemicals and in the successful integration of refining and petrochemicals production. We have been active in the Indian market for over seventy years and it remains a very important market for Foster Wheeler. We look forward to working with IOCL to deliver a high quality FEED which meets or exceeds our client's expectations."

日本経済新聞　2007/1/30

インドで石油精製　サウジや仏企業　輸出拠点に活用も

　サウジアラビアの国営石油会社やフランスのトタルなどが、インドの石油精製部門への進出に動いている。石油需要の拡大が見込めるインドに直接参入するだけでなく、将来は輸出拠点としても活用していく考え。インドでは製油所の新増設計画が相次いでおり、外国石油会社による資本参加、提携などが加速しそうだ。
　インドの製油所への出資を巡って同国政府と交渉に入ったのは、サウジ国営サウジアラムコ。石油精製・販売最大手の国営インド石油(IOC)が東部オリッサ州パラディープに新設する大規模製油所(年間処理能力１５００万トン)が対象だ。
　国内２位のヒンドスタン石油(HPCL)のラール会長は、東部ビシャカパトナムに建設する製油所の株式を仏トタルなどに売却する考えを表明した。同会長は「トタルのデマレ会長と会い、数カ月以内に決着させたい」という。
　一方、インド出身の鉄鋼王ラクシュミ・ミタル氏率いるミタル・グループは、HPCLが北西部バティンダに建設する製油所への資本参加を申し入れている。経済の高成長が続くインドは、２０１２年まで石油製品の需要が年４．５%のぺースで増える見込み。石油の一大消費地であるアジアと中東の中間にあり、付加価値の高い石油製品の輸出拠点としても有利とみられている。
　海外各社は０９年にも本格化する国内のガス開発事業への参入も視野に入れているようだ。
　インドでは１２年までに１０カ所以上の製油所で新設・拡張工事が完成する予定。全体の処理能力は現在の１．６倍に拡大する。

Platts 2007/7/25

Indian investigators in S Korea for PVC anti-dumping probe

Indian government officials arrived in South Korea this week to interview two of the country's leading PVC producers as part of an investigation into allegations of anti-dumping of Korean PVC in India, sources from these companies said Tuesday.

Officials from LG Chem and Hanwha Chemical said the two companies were fully cooperating with the investigations. LG Chem has a total PVC production capacity of 750,000 mt/year across South Korea, while Hanwha Chemical's PVC production capacity is at 495,000 mt/year.

In June 2006, four Indian petrochemical companies petitioned their government to begin an investigation into charges of dumping of suspension-grade PVC by a number of foreign companies. The four Indian companies are Indian Petrochemicals Corp. Ltd., DWC Limited, Chemplast Sanmar Ltd. and DCM Shriram Consolidated Ltd. India's largest petrochemical producer Reliance Industries also supported the petition.

A number of PVC companies/suppliers in Taiwan, China, Indonesia, Japan, Korea, Malaysia, Thailand and the US were alleged to have engaged in unfair trade practices.

ANTI-DUMPING DUTY UNLIKELY, SOURCES SAID
Some market sources said the anti-dumping investigation has become slower this year due to tightness of supply in India. Sources even said that some India PVC suppliers had to import from northeast Asian producers to meet rising domestic demand.

Also, with China cutting export tax rebates on PVC has probably increased the price of PVC from that country limiting its attraction for Indian buyers.

Effective July 1, the Chinese government has reduced export tax rebate on plastic resin and plastic products, including PVC, to 5% from the previous 11%. To make up for this, Chinese producers will have to raise their PVC export prices.

"Considering this, there is no point in implementing the anti-dumping duty now. PVC is not going to become cheaper than before," said a market source in India.