Nayara Energy to spend $850 million on expansion of petrochemical business

19 Jan 2019

Nayara Energy, formerly known as Essar Oil is planning to invest $850 million for expansion of its petrochemical business. The company will invest the same for 450,000 tonnes a year Propylene Recovery Unit (PRU), a similar capacity Polypropylene plant and a 200,000 tonnes MTBE (methyl tertiary-butyl ether) plant.

Nayara Energy, formerly known as Essar Oil is engaged in exploration and production (E &P), refining and marketing of oil and oil related products. The company offers a spectrum of products to bulk customers in the industrial & transport sectors.

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