Shell to Acquire 50 per cent Stake in Nayara Energy’s Petrochemical Project worth 9 Billion USD

With an aim to expand its foothold in the international market, Royal Dutch Shell, a multinational petrochemical company with headquarters in Netherlands is planning to invest in 50 per cent Stake of India’s Nayara Energy Petrochemical Project worth 9 Billion USD. Memorandum of understanding between the two companies was signed in early June as discussed by the board of directors in November and December of last year. Nayara Energy is looking forward to establishing a full stream Ethylene cracker unit with a capacity of around 1.8 MPTA followed by several downstream facilities. The project is anticipated to cost around 8-9 Billion USD and will be built at Vadinar, Gujarat.

Get more info :  https://www.chemanalyst.com/NewsAndDeals/DealsDetails/shell-to-acqu...

As per Nayara’s proposal to environmental ministry, the project also includes an aromatic complex with a capacity to produce 10.75 million tonnes petrochemical commodities. However, presently both the companies are constraining to further comment on it. Alongside, Nayara Energy has proposed the expansion of its Vadinar refinery from a current capacity of 400000 bpd to 920000 bpd. The decision on this proposal is yet to be made on 29-30 August by the environment ministry.

Source : ChemAnalyst

Views: 29

Comment

You need to be a member of GlobalRisk community to add comments!

Join GlobalRisk community

Our Sponsors

Would you like to reach over 90,000 + Risk Professionals? 

REQUEST OUR MEDIA KIT

______________________

Current Partners Include:

  

 

 

 

Join GRC Inner Circle - Get Top Risk Resources, Member Support PLUS become our patron

Business Exchange

If your organization delivers products and services that bring value to our members, you are welcome to join our partnership program.

Companies are welcome to setup a business profile page in our Multimedia Business Directory. You will get full control of the page and can include cutting edge possibilities – videos, adverts, presentations, white papers, job offers, Press Releases, product information, company blog, news feeds and more.

CLICK HERE TO APPLY

Our Knowledge Partners

Request our MEDIA KIT

Our Twitter feed

© 2020   Created by Boris Agranovich.   Powered by

Badges  |  Report an Issue  |  Terms of Service