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

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ChemAnalyst
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-acquire-50-per-cent-stake-in-nayara-energys-petrochemical-project-worth-9-billion-usd-59

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.

 

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The report covers the Petrochemicals market’s segments- ethylene-petrochemicals, propylene-petrochemicals, benzene-petrochemicals, xylene, styrene-petrochemicals, toluene, cumene, others - petrochemicals.View Complete Report: https://www.thebusinessresearchcompany.com/report/petrochemicals-global-market-reportPetrochemicals Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

It covers all the regions, key developed countries and major emerging markets.

The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Petrochemical companies are increasingly using automation and instrumentation solutions to control the production process more effectively.

For example, Siemens process instrumentation and gas analytics solutions increases productivity and efficiency during plant operations.Request A Sample Report At: https://www.thebusinessresearchcompany.com/sample.aspx?id=2119=smp                                                                                                           Few Points From Table Of Content1.

Copyright And DisclaimerFew Points From List Of TableTable 1: Historic Market Growth, Value ($ Billion)Table 2: Forecast Market Growth, Value ($ Billion)Table 3: Global Petrochemicals Market, 2018, By Region, Value ($ Billion)……..Table 147: Global Petrochemicals Market In 2022- Growth CountriesTable 148: Global Petrochemicals Market In 2022- Growth SegmentsTable 149: Global Petrochemicals Market In 2022- Growth StrategiesPurchase Report (Individual License at USD 4000.00) At : https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2119   About The Business Research Company:The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research.