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Hydrocarbons Meetings & Conferences

LOW MARGIN IMPACT INDIA ChemProTech India Expo Pvt. Ltd. DECHEMA Ausstellungs-GmbH
: Rohit Pande
 : +49-69 7564 750
IOC’s Q4 net profi t down by half June 2024 : +91-98202 24550  : Visitor@dechema.de
16-21 | Goa  : Rohit@chemexpoindia.com : Achema.de/en
State-run Indian Oil Corporation loss/gain, stood at $11.44 per barrel in (GW) capacity of renewable energy 24th International Symposium on : Chemprotechindia.com
(IOC) has reported a 49 percent y-o-y FY24, compared with $20.14 in FY23. (RE) projects comprising standalone Surfactants in Solution 12-14 | Ho Chi Minh City, Vietnam
fall in its consolidated net profi t at Besides, the company, in its results ground-mounted solar, standalone BITS Pilani K K Birla Goa campus & INTERNATIONAL Coatings Expo Vietnam 2024 –
Rs. 5,488-crore in Q4 FY24, largely on fi ling with the stock exchanges, said onshore wind, or wind-solar hybrid IISER Pune & Institute of Chemical The 9th International Exhibition on
account of shrinking margins and higher it had a cumulative negative buffer of projects in a phased manner at an Technology (ICT), Mumbai May 2024 Coatings and Printing Inks Industry
prices. The profi ts also took a hit due to Rs. 1,017-crore (2023: Rs. 2,220-crore) estimated cost of Rs. 5,215-crore.  : Sis2024@goa.bits-pilani.ac.in 13-14 | Dubai, UAE in Vietnam
the Rs. 2 per litre cut in retail prices of as the retail selling price of LPG was : Sis2024.surfi nsol.org 13th GPCA Plastic Conference Minh Vi Exhibitions and Advertisement
petrol and diesel from March 15. less than the market-determined price The plan entails an equity invest- Gulf Petrochemical and Chemicals Services Co. Ltd. (VEAS)
(MDP). ment of Rs. 1,304-crore by IOC. The October 2024 Association (GPCA) Sales Team  : +84-28 3848 8561
On a sequential basis, the net profi t company plans to house its renewable  : +971-4-451 0666 Extn. 103,106,155  : Info@veas.com.vn
of India’s largest oil marketing com- IOC’s Chairman Mr. S. M. Vaidya energy business in a wholly-owned 17-19 | Mumbai  : Sales@gpca.org.ae : Coatings-vietnam.com
pany (OMC) fell by 41 percent. It said IOC’s product sales volumes, subsidiary. India Chem 2024 : Gpcaplastics.com
reported a widening of net losses in its including exports, were 25.279-mt 13th Biennial International Exhibition & 19-20 | Messe Düsseldorf, Germany
petrochemicals segment on a sequen- in Q4 FY24. The refi ning throughput IOC is beginning to increase its Conference 13-15 | Amsterdam, Netherlands Chemspec Europe 2024
tial basis during Q4 FY24, which also was 18.282-mt, and the throughput of presence outside oil and gas by ven- : Manoj Mehta Petrochemical and Refi ning RX Global
impacted profi ts. countrywide pipelines network was turing into solar, wind, hydrogen, and  : Manoj.mehta@ficci.com/ Congress: Europe 2024 : Gloria Vezzoli
24.593-mt. electric vehicle charging. It has plans to Cpc@ficci.com BGS Group  : +44-(0)-1727 814 543
IOC’s consolidated total income fell offer EV charging facilities at 10,000 : Indiachem.in/ : Baina  : Chemspeceurope@rxglobal.com
by 1-percent q-o-q and 3 percent y-o-y For FY24, IOC reported a consoli- fuel stations. It has rolled out EV bat-  : Baina.p@bgs.group : Chemspeceurope.com
to Rs. 2.25-lakh crore in Q4 FY24. dated net profi t of Rs. 43,161-crore, tery-swapping facilities in the national December 2024 : Sh.bgs.group/1hm
Total expenses were almost fl at on an compared with Rs. 11,704-crore a year capital region. Recently, IOC also 4-6 | Mumbai 24-27 | Marseille, France
annual and sequential basis at Rs. 2.18- ago. Consolidated total income was signed a preliminary pact to build a Indian Foam & Polyurethane Expo 15-16 | Dubai, UAE 32nd European Biomass Conference
lakh crore. Rs. 8.85-lakh-crore, compared with joint venture with Panasonic to manu- Media Fusion & Crain Communications 15th GPCA Supply Chain Conference and Exhibition – EUBCE 2024
Rs. 9.56-lakh crore. facture lithium-ion cells, to serve two- : Ms. Fatima Khan Gulf Petrochemical and Chemicals ETA-Florence Renewable Energies
Its average gross refi ning margin and three-wheelers. It also has a joint : +91-84461 76554 Association (GPCA) Sales Team  : +39-055 5002174
(GRM) for FY24 was $12.05 per barrel, 1-GW renewable energy capacity venture with Israel’s Phinergy to manu-  : Fatimakhan@mediafusionme.com  : +971-4-451 0666 Extn. 103,106,155  : Eubce@etaflorence.it, biomass.
conference@etaflorence.it
compared with $19.52 a year ago. The company’s board has approved facture aluminium air batteries. This : Ifpuexpo.com  : Sales@gpca.org.ae : Eubce.com
Core GRMs, after offsetting inventory the implementation of 1 gigawatt project is in the pilot stage. : Gpcasupplychain.com
April 2025
PROJECT UPDATE 29-30 | Mumbai 21-22 | Riyadh, KSA 24-27 | Geneva, Switzerland
Chennai Petroleum’s new Nagapattinam refi nery ChemExpo India 2025 Smart Port & Logistics Transformation World Perfumery Congress 2024
Allured Business Media
Summit KSA 2024
: Paige Crist
to see two-year delay ChemExpo Exhibitions Pvt. Ltd. Verve Management  : +630-344-6060
: Rohit Pande
: +91-98202 24550 : +971-4-243 4677  : Pcrist@allured.com/
Chennai Petroleum Corporation Ltd. building the project, with its parent been revised to about Rs. 36,400-crore  : Rohit@chemexpoindia.com  : Info@verve-management.com Wpc@allured.com
(CPCL) will build a 1,80,000 barrels company Indian Oil Corp. controlling a ($4.36-bn), with about 66 percent : Chemexpoindia.com : Smartportstransformation.com : Worldperfumerycongress.com
per day (bpd) refi nery at Nagapattinam 75 percent stake and Chennai Petroleum of that to be met through debt. In a
in Tamil Nadu by the end of 2027, the remainder. recent stock exchange fi ling, CPCL 29-30 | Mumbai 21-22 | Dammam, Kingdom of 25-26 | London
two years later than initially planned, had pegged the previous cost at about ChemProTech India 2025 Saudi Arabia 9th Anti-Aging Skin Care Conference
its Head of Finance Mr. Rohit Kumar The joint venture is awaiting approval Rs. 29,400-crore. ChemProTech India Expo Pvt. Ltd. World Hydrogen Forum 2024 Summit Events Ltd.
Agrawala was quoted as saying in from the government on the new equity : Rohit Pande Valiant & Company  : +44 207 828 2278
a Reuters report. Chennai Petroleum structure, Mr. Agrawala said, adding that Chennai Petroleum also operates : +91-98202 24550 : +966-5979 74876  : Eventteam@summit-events.com
initially planned to complete the refi nery 36 months would be needed from then to the 2,10,000-bpd Manali refi nery at  : Rohit@chemexpoindia.com : Worldhydrogenforum.com : Summit-events.com/anti-ageing
by the end of 2025. complete construction of the plant and Chennai. Mr. Agrawala said his com- : Chemprotechindia.com
three months for commissioning. pany planned to shut some units at the June 2024 27-28 | Singapore
The company recently changed the Manali refi nery for a month-long main- 29-30 | Mumbai 10-14 | Frankfurt, Germany 27th ICIS and Tecnon OrbiChem
capital structure of the joint venture He said the project cost had also tenance in July-August. Chem Logistics India 2025 ACHEMA 2024 World Chlor-Alkali Conference

158 Chemical Weekly May 14, 2024 Chemical Weekly May 14, 2024 159

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