Nayara Energy is embarking on an ambitious trajectory of expansion and diversification to cater to the nation’s escalating energy demands. The objective extends beyond refining petroleum products, encompassing a strategic move into the petrochemical and alternative energy sectors.
In alignment with India’s anticipated requirements, Nayara Energy is gearing up for a substantial growth phase, targeting a refined petroleum product demand of 335 MMTPA by 2030 and an even more significant 472 MMTPA by 2040.
As part of its foray into petrochemicals, Nayara Energy is constructing a polypropylene plant at its Vadinar Refinery in Gujarat, with a capacity of 450 KTPA. As reported by businessline, the company is enhancing its existing assets, including the fluidized catalytic cracking unit (FCC Unit) and a polypropylene unit (PPU). The comprehensive approach not only addresses the immediate energy needs, but also positions Nayara Energy as an important player in the evolving landscape of petrochemicals and sustainable energy solutions.
