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Indian state-owned refiners are planning to spend US$35
billion on expanding their petrochemicals output in anticipation of
a boom in demand for products ranging from plastics to paints,
Reuters reports. The three companies taking part in the strategy
are Indian Oil Corp., Bharat Petroleum, and Hindustan Petroleum.
According to interviews with executives from these companies,
Bharat Petroleum and Hindustan Petroleum will each invest US$15
billion in expanding petrochemical-producing capabilities, eyeing
an increase in this business’ share…

Indian state-owned refiners are planning to spend US$35
billion on expanding their petrochemicals output in anticipation of
a boom in demand for products ranging from plastics to paints,
Reuters reports. The three companies taking part in the strategy
are Indian Oil Corp., Bharat Petroleum, and Hindustan Petroleum.
According to interviews with executives from these companies,
Bharat Petroleum and Hindustan Petroleum will each invest US$15
billion in expanding petrochemical-producing capabilities, eyeing
an increase in this business’ share…

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