GAIL (India) Ltd., the top gas supplier in the nation, intends to construct an ethane cracker near its liquefied natural gas (LNG) import plant in Western India in order to satisfy an anticipated increase in demand.
As the demand for products like paints, adhesives, and plastics rises as a result of the rising economy, Indian businesses are increasing their petrochemical manufacturing capacity. Ethylene is created by a cracker and is necessary for goods like plastics.
According to major refiner Indian Oil, demand for petrochemicals might almost triple by 2040, pushing businesses to make significant expenditures to build new facilities across the nation.
GAIL is looking for land in the coastal region of Dabhol in Maharashtra state for the 1.5 million tonnes a year (mtpa) cracker project, one of the sources told Reuters. GAIL operates a 5 mtpa LNG plant at Dabhol.
