GAIL (India) and INEOS team up to revive a stalled PTA plant, aiming to boost India's petrochemical industry.

GAIL (India), a state-owned company, is partnering with global chemicals firm INEOS to revive a stalled 1.25 million-ton-per-year purified terephthalic acid (PTA) plant in Mangalore. This collaboration aims to boost India's petrochemical industry and reduce imports, following the failure of a previous deal due to bankruptcy. The agreement, part of India's self-reliance initiative, seeks to enhance the plant's efficiency and meet market demands.

November 28, 2024
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