India's Chemical and Petrochemical Industry

In 2020, India ranked 6th in the World (4th in Asia) in terms of Global sales of Chemicals and Petrochemicals. It contributes ~2.5% of Global chemical sales. India is 3rd largest consumer of polymers, 4th largest producer of Agrochemicals, 2nd largest manufacturer of dyes. Chemical industry contributes ~1.4% of national GVA, 8.8 % of manufacturing GVA (Gross value Added), 11.3% of India's export. Indian chemical industry is estimated to be worth US$ 178 billion (demand). 

The production of Chemicals is worth US$ 166 billion, Import - US$ 51 billion and Export - US$ 39 billion, based on 2020 estimates. India is ranked 3rd in import, 4th in export for past 5 years. India has petroleum-refining capacity of over 194 Million tonnes per Annum (MTPA). The world's largest grass root refinery with 32 MTPA capacities is located in India. It has a number of gas cracker complexes with downstream facility producing 8 MTPA plastics and polymers. India produce 21 MTPA of Urea; and has the widest range of chemicals like Caustic (2.4 MTPA), Soda Ash (2.7 MTPA), and sulphuric acid; Dyes & Dye Intermediates and Fine Chemicals.

Reliance opened World's largest petroleum refinery in Jamnagar. Kremlin controlled Rosneft and its partners Trifagura and Russian fund UCP purchased 98.26% stake in Essar Oil and formed "Nayara Energy".  $12.9 billion purchase of Vadinar Refinery in 2017 is India's biggest ever foreign acquisition. Projects like HMEL in Bhatinda and HPCL in Barmer are expected to be completed by 2021-22 and 2022-23, respectively. Altogether nine petrochemi­cal plants are now in operative, of which four are located at Gujarat and three are located within Maharashtra. One each are situated in U.P. and West Bengal (Haldia) respectively. 

Ethylene capacity reached 6.5 MMT by 2016. Propylene capacity reached 5.3 MMT by 2016. India is at a thresh hold of growth in consumption of petrochemicals due to increased domestic demand, booming middle class, still nascent retail sector, and focus on infrastructure.

BASF (Badische Anilin und Sodafabrik) has 4 units in India. Thane(estd. 1967) is oldest factory of BASF. BASF opened largest factory in South Asia in Mangalore in 1996. The other 2 factory opened in Dahej 9Oct 2014) and Chennai (2017). 



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