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IOC plans $7 bn petrochemical hub for energy future – 27 Mar 2023

Mar 27, 2023

Indian Oil Corp. aims to establish a large petrochemical complex and consolidate its green assets to balance its portfolio and prepare for the evolving energy landscape. IOC's final approval of a $7 billion petrochemicals hub in eastern India will bring the company closer to achieving a petrochemical intensity index of 14%-15% by 2030, up from the current 5%.

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