Advance Petrochemicals Ltd. is a pioneer manufacturing company & supplier of surface Active agent (Surfactant or Emulsifier), Solvents, Alkyl Aryl Ethanolamine, Ethanolamine, Au
Bharat Petroleum Corp Ltd is planning to expand its Iruthur storage depot in Ravathur in Sulur Taluka in Coimbatore district of Tamil Nadu. The project involves expanding capacity from 104719 kl capacity to 181836 kl capacity for HSD and motor spirit. Currently, the storage depot has 19 tanks. The project cost is estimated at Rs. 820 million.
Petrochemicals are derived from crude oil or natural gas. Ethylene, Propylene, Butadiene (Olefins) or Benzene, Toluene & Xylene (Aromatics) are building block of petrochemicals. In the first stage, naphtha is produced from crude oil or natural gas feedstock and is cracked to produce petrochemicals. India has large scale players like Reliance Industries, Indian Oil Corp who enjoy economies of scale. The industry derives demand from growth in GDP, urbanization etc., India has achieved self sufficiency in a capital intensive industry. The industry is exposed to cyclical fluctuations once every 6-8 years. Further, the industry faces challenges in securing feedstock and import duties in differences between feedstock and end-products