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Petroleum Sector News & Updates - May 20, 2024



Nayara announces foray into ethanol production with investment of Rs 600 crore
Petroleum   -  May 15,2024
Nayara Energy Ltd is investing ₹600 crore to build two ethanol plants in Andhra Pradesh and Madhya Pradesh, each with a 200 kilolitre per day capacity, supporting the government's 2025 ethanol- .


Gruner Renewable Energy bags projects worth Rs 1,500 crore for CBG plants
Petroleum   -  May 09,2024
Noida-based Gruner Renewable Energy secured INR 1,500 crore ($180 million) worth of compressed biogas (CBG) projects nationwide within its first year. The projects include 11 valued at INR 1,100 crore .


Haldia Petrochemicals selects Lummus Technology for digitalisation of ethylene plant
Petroleum   -  May 03,2024
Lummus Technology secures a contract from Haldia Petrochemicals Ltd. (HPL) for digitalization services at HPL's ethylene plant in West Bengal, India. Ujjal Mukherjee, CTO of Lummus, highlights th .


Centre mulls building six power plants near coalfields
Petroleum   -  Apr 29,2024
India plans to establish six thermal power generation hubs, totaling 30 GW capacity, to support its energy transition goals. Land near coal mines will be allocated to power companies for these project .


Bharat Petroleum to lay ATF pipeline to link Noida International Airport
Petroleum   -  Apr 17,2024
BPCL will construct a 35-km ATF pipeline from Piyala Terminal, Haryana, to Noida International Airport (NIAL), Uttar Pradesh, as part of an agreement signed in February 2024. The pipeline, including a .


GAIL plans to double capacity at its Dabhol LNG terminal
Petroleum   -  Apr 16,2024
GAIL plans to double its LNG terminal capacity at Dabhol, Maharashtra, to 12 mtpa by 2030-31. The current capacity is 5 mtpa, operating at 2.9 mtpa. GAIL aims to mitigate idle periods during monsoons .


Petregaz India commissions Rs 600 crore LPG import and storage terminal
Petroleum   -  Apr 15,2024
Petregaz India, a Petredec Group subsidiary, inaugurated a new LPG import and storage terminal at Krishnapatnam, Andhra Pradesh, costing Rs 600 crore. With an annual capacity exceeding 1.5 million t .


IOCL issues tender for 10 KTPA green hydrogen plant
Petroleum   -  Apr 09,2024
Indian Oil Corporation Limited seeks proposals for a 10 KTPA green hydrogen unit at its Panipat refinery complex under a BOO model. Bidders must deposit Rs 54.9 million and demonstrate experience in .


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