Petrochemical Industry in India
- A petrochemical is any chemical manufactured from crude oil and natural gas distinct from fuels and used for various commercial purposes.
- The six basic petrochemicals are ethylene, butylenes, propylene, toluene, benzene, and xylenes, which are transformed into lightweight car bumpers, bicycle helmets, medical devices, space suits, and wind turbines
- Petrochemicals include propylene, ethylene, benzene, and xylene. Other components are intermediates like PAN, MEG, LAB, etc. Synthetic fibers like PFY and PSF, PVC, Polymers like LDPE/HDPE, Nylon, Polyester, PET, etc., and Synthetic rubbers like PBR and SBR.
- The sector has significant growth potential. Although petrochemical products' current per capita consumption is low, demand for them is growing.
- India produces 21 MTPA of urea; and has the broadest range of chemicals such as soda ash (2.7 MTPA), caustic soda (2.4 MTPA), sulfuric acid, Dyes and dye intermediates, and fine chemicals.
How big is the petrochemical industry in India?
The world's largest refinery, with a capacity of 32 MTPA, is located in India. India's crude oil processing capacity of over 194 million tonnes per annum (MTPA).