The petroleum industry in India is particularly favorable for foreign investment because the industry is one of the fastest growing segments, and it has shown a staggering growth rate of around 13% in the recent past. Apart from the tremendous growth rate in the Indian petroleum industry today, it also boasts technology of international standards, easy availability of infrastructure at very cheap rates, high demands for petroleum products, and increased spending habits of the middle-class people. All these factors make investments in the Indian petroleum industry an attractive proposition for foreign investors.
The foreign trade in petroleum and petroleum products in the recent past have registered significant growth. It has thus attracted new foreign investments. Some of the main petroleum products that are manufactured for trade with foreign countries are petroleum gases, gas oil, propane, distilled crude oil, naphtha, ethane, and kerosene.
The petroleum industry has contributed heavily to the manufacturing industry in the country through foreign trade in petroleum products. Rapid globalization, fast-changing technology, and the changing methods in the way business is conducted have brought significant changes and enormous opportunities for petroleum companies in India to flourish and expand their operation to global markets.
Another very important reason why the Indian petroleum industry is a good option for investment is that the future of the petroleum industry in India promises great potential for development. The fast economic growth of India and the various developmental activities taking place presents India with opportunities in the future to be a dominant player globally in the export of petroleum products.
Rapid economic growth is leading to greater outputs, which in turn is increasing the demand of oil for production and transportation. With rising income levels, demand for automobile is estimated to increase, in turn leading to augmented demand for oil and gas. In FY16, total crude oil imports were valued at US$ 64.4 billion as compared to US$ 112.7 billion in FY15. In FY14, imports accounted for more than 80 per cent of the country’s total oil demand.
The Future of Indian Petroleum Industry Depends on:
· Demand for petroleum is growing in leaps and bounds
· Shifting focus to more production of olefin - ethylene, propylene, butadiene,
· Price and availability of crude oil and gas as feedstock would still be critical factors
· The demand of the end products would affect the demand of the intermediary products
India is the fifth largest lubricant market globally in volume terms behind the US, China, Russia and Japan. India is a net base oil deficit market and many additives used in lubricants are mostly imported.
The lubricants usage can be divided in two key segments – Automotive and Industrial. The demand for automotive lubricants in India is driven by growth in vehicle population and the consumption of industrial lubricants is highly correlated with Index of Industrial Production (IIP). Automotive lubricants typically are higher margin products compared to industrial lubricants. Majority of automotive lubricants demand is derived from commercial vehicles (CVs) and tractors, largely dominated by diesel engines. Process oils are the biggest contributor within industrial lubes.
India automotive lubricants market is projected to reach $ 9.6 billion by 2022. Surging demand for automotive lubricants is anticipated on account of increasing sales of vehicles and growing consumer awareness regarding the use and advantages of engine oils and other lubricants. Additionally, rising trend of partnerships between original equipment manufacturers (OEMs) and lubricant manufacturing companies is expected to augment demand for automotive lubricants in India over the next five years.
Automotive is the largest and fastest-growing end-use industry for grease. The passenger vehicles and commercial vehicles are driving the demand for high performance grease in the automotive industry. In the automotive industry, grease is extensively used in various auto parts such as wheel bearings, universal joints, suspensions, gears, switches, and connectors because of their excellent properties such as mechanical stability, temperature tolerance, water resistance, and anti-oxidants. The need for high performance grease is rising in the increasing manufacturing of machines and equipment for end-use industries.
Industrial greases market trails the GDP due to their widespread application in manufacturing of goods and automotive maintenance operations. Due to the surge in manufacturing in Asia Pacific, the industrial greases market in the region is estimated to witness growth, expanding at a CAGR of 6.3% between 2015 and 2021 in terms of revenue. With the anticipated increase in manufacturing in China in the coming years, the demand for industrial greases in the country is expected to rise between 2015 and 2021. With the rising operating time of machines and greater speed of operations, the need for industrial greases is expected to increase by 2021. Besides, with increase in mechanization of manufacturing activities in developed regions such as North America and Europe, demand for industrial greases is anticipated to increase in these markets.
Here are few Projects for Startup:
LUBE OIL
The Indian lube market is today a consumer’s delight with more than 30 players in the organized sector, not to mention the numerous small medium scale and unbranded operators. The lube market is divided into two major sectors automotive for 65% and industrial, which account for 35% last few months, the lubricant industry should also grow in line with the economy. Read more
NAPHTHA BASE SOLVENT
There are various solvents which are present in naphtha. The most commonly available solvents which can be extracted from naphtha are petroleum ether, benzene, ligroin, xylene and solvent naphtha. These are generally classified according to their boiling range through specific distillation process. Read more
WASHABLE KNITTING LUBRICATING OIL
Lubricating oil is generally used to reduce wear of one or both surfaces in close proximity, and moving relative to each another, by interposing a substance called lubricant. The base ingredients in most lubricating oils are hydrocarbon components made from crude oil. Read more
LUBE OIL BLENDING BASED ON IMPORTED BASE OIL
Lube oil is a substance (often a liquid) introduced between two moving surfaces to reduce the friction between them, improving efficiency and reducing wear. They may also have the function of dissolving or transporting foreign particles and of distributing heat. Lubricants today are classified into two major groups: Automotive lubricants and Industrial lubricants. Read more
COAL TAR PITCH DISTILLATION
Coal tar is a brown or black liquid of high viscosity, which smells of naphthalene and aromatic hydro carbons. Coal tar is among the byproducts when coal is carbonized to make coke or gasified to make coal gas. Coal tars are complex and variable mixtures of phenols, polycyclic aromatic hydro carbons, and metro cyclic compounds, about 200 substances in all. Read more
BLENDING OF LUBE OIL FROM MINERAL BASE OIL
A lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles. The property of reducing friction is known as lubricity. One of the single largest applications for lubricants, in the form of motor oil, is protecting the internal combustion engines in motor vehicles and powered equipment. Read more
BRAKE FLUIDS
Silicone is the material on which some fluids are based. Usually, a non-mineral type oil is used in hydraulic brake equipments. It has applications in industrial automotive and crane equipment. It is used as friction liquid for power transformer. Castor India has very large production and marketing facilities for lube oil. Read more
GAS FILLING OF LPG CYLINDER
Bulk petroleum and hydrocarbons generally are most commonly stored in cylindrical tanks of welded steel. For quantities upto about 250 nos. the cylindrical tanks may be carried horizontally to variations in temperatures. L.P.G. is used mainly for cooking purposes in India. Read more
VACUUM DISTILLATION OF CRUDE COAL TAR SPECIFICALLY CREOSOTE OIL
For vacuum distillation of crude coal tar, the crude coal tar is produced from coke ovens of steel plant, 50% of this crude coal tar is pitch. The crude coal tar is then taken to vacuum distillation columns for fractionating into various components. Coal tar is produced by the dry distillation of coal and is therefore a byproduct in the manufacture of coal gas. Read more
TRANSFORMER OIL
These are mineral oils and are used to dissipate the heat generated in electric transformers, switches, circuit breakers and motor starters etc. They also act as electrical insulators. As transformers consume maximum amount of such oils, most of these are also called Transformer Oil. This oil can also be used as electrical cable oils. Read more
LUBE OIL BLENDING PLANT (ENGINE OIL, GEAR OIL & GREASE)
A lubricant is a substance (often a liquid) introduced between two moving surfaces to reduce the friction between them, improving efficiency and reducing wear. They may also have the function of dissolving or transporting foreign particles and of distributing heat. Engine Oil is a semi-synthetic high performance lubricant. Read more
WHITE OIL FROM KEROSENE OIL
Deeply refined pale yellow oils are called white oil. In 1934 the white oil manufacturers association (WOMA) divided the white oils in three viscosity grades. The oils of first category are used in the processing of foods, which must not contain more than 0.1-0.6% of the oil. Read more
RECLAMATION OF USED ENGINE OIL
Engine oil becomes contaminated with foreign material in service. In circulating systems, where a substantial quantity of oil is involved, it is desirable to maintain it as clean as possible to provide maximum working efficiency and to keep wear and damage of lubricated parts to a minimum. Read more
HEAVY LIQUID PARAFFIN
Heavy liquid paraffin by virtue of its versatile use in pharmaceuticals and medical practice etc. The paraffin hydrocarbons are usually obtained simply by physical separation from hydrocarbon mixtures since they are stable compounds and exist in vast quantities in naturally occuring oil and gas deposits. Read more
BITUMEN
It is non crystalline solid or viscous material having adhesive properties, which is completely soluble in carbon disulfide. It is generally brown or black in colour, electrical resistance, solubility or resistance to solvent action and resistance to oxidation under various conditions. It is derived from petroleum either by natural or refinery processes. Read more
LIQUID SHOE POLISH
Polishes usually contain several kind of natural and synthetic waxes, paraffin waxes, resins, solvents, auxiliary agents and water. As well as the requirements of the consumer, cost of the components is an important factor in the formulations. Read more
PETROLEUM COKE
It is dark solid form of carbon, produced from the thermal decomposition and polymerization of heavy liquid hydrocarbons that are derived from crude oil. It is stable, non-reactive under normal condition and does not polymerize. It is mainly used in metal production and as a fuel. Read more
CRUDE OIL REFINING (REFINERY)
The American petroleum industry had its inception when the now famous drake well was drilled in the year 1859. The ratio of proven reserves to production in the US in 1957 stood at 11.9 to 1. The ratio does not indicate that there are only twelve and one half years to go before the US reserves are exhausted. Read more
RE-REFINING OF ENGINE OIL, TRANSFORMER OIL & HYDRAULIC OIL
Engine oil, Transformer oil and hydraulic oil all are special grade petroleum oils, which had different specific gravity and viscosity. When these special grade oils are used, 60% of the oil is used in the engine, transformer and hydraulic oil and rest 40% of the oil is unused which can be further reused by purification. Read more
WAX FROM SLACK WAX
Petroleum waxes are broadly defined as the waxes naturally present in the various fractions of crude petroleum. After separation from lubricating oils, wax constitutes a valuable products with special characteristics for a number of important uses. Petroleum wax, like other petroleum derivatives, is essentially a mixture of hydrocarbons. Read more
POLYETHYLENE WAX
Polyethylene waxes can be made in two main grades, emulsifiable and non-emulsifiable waxes. Polyethylene wax has excellent stability against polishing, scratch resistance, metal resistance etc. This is being import from different countries. Read more
REFINING OF USED ENGINE OILS FOR MAKING BASE OIL
There is availability of large amount of burnt engine oil and almost 40 % of this oil remains unburnt in the total available burnt oil. It can be used as secondary oil by treating it. Certain series of specific treatment is available which is necessary for manufacturing base oil from used engine oil. Read more
WASTE OIL RECYCLING
Lubricating oils are widely used in industries to reduce friction and wear by interposing a thin film of oil between metallic surfaces. During normal use, impurities such as water, salt, dirt, metal scrapings, broken down additive components, varnish and other materials can get mixed in with the oil or be generated in it due to thermal degradation or oxidation. Read more
CALCINED COKE (BY USING HORIZONTAL KILN)
Petroleum coke is a dark form of carbon, produced from the thermal decomposition and polymerization of heavy liquid hydrocarbons that are derived from crude oil. Petroleum coke is employed for number of purposes, but its main industrial use is in the manufacture of carbon electrodes for the refining of aluminium. Read more
WIRE DRAWING LUBRICANT
The wire drawing lubricant is a special type of product in the field of lubricant. Wire drawing lubrication is an extremely complicated, often poorly understood subject. Whatever the chemical complexity of wire and rod drawing lubrication some rather definite physical behaviour can be cited. At one extreme, the absence of lubrication of the die. Read more
SILICONE GREASE & LUBRICANTS
In the modern industrial era grease have been increasingly employed to coke with a variety if difficult lubrication problems, particularly those where the liquid lubricant is not feasible. Over the last several decades, grease making technology throughout the world has undergone rapid change to meet the growing demands of the sophisticated industrial environment. Read more
COOLANT, BRAKE OIL, PACKING OF LUBRICANT OIL & GREASES
The vehicle owners should only use the minimum amount of ethylene glycol used based antifreeze to protect the system. The higher concentrate of antifreeze, the less heat the coolant will observe glycol concentration of 60% will obserb up less heat as well pure water coolant. Read more
WAX CRAYON
The wax crayons are used for outlining and shading by the artist for drawing. Two types of crayons are produced in India chalk crayons and marking crayons. The raw materials used for chalk crayons are gypsum, calcium carbonate and pigments. Calcium gypsum steatite & compound of magnesium, bismuth and lead are occasionally used as base. Read more
PETROLEUM JELLY
Petroleum jelly or petrolatum was discovered as a paraffin-like material coating oil rigs. Since then, it has been used in various ointments and as a lubricant. Petroleum jelly is mixture of mineral waxes and oils that together lock moisture in skin, moisturizing it to repair and relieve dryness. Read more
PE WAX EMULSION
Waxes are among the oldest worked materials used by humans. Their value as versatile construction materials ("man's first plastic") was discovered very early. Today, waxes are used mostly as additives and active substances. The use of waxes is expected to increase in the future because of their generally favourable toxicological and ecological properties. Read more
PETROLEUM DISTILLATION PLANT (OIL DISTILLATION REFINERY PLANT)
Petroleum, oily, flammable liquid that occurs naturally in deposits, usually beneath the surface of the earth; it is also called crude oil. It consists principally of a mixture of hydrocarbons, with traces of various nitrogenous and sulfurous compounds. Read more
GREASE MANUFACTURING UNIT (CALCIUM, LITHIUM & SODIUM)
Grease is nothing but one of the largely used semisolid lubricants. Its property varied depending upon its constituents. For the manufacturing of greases plant, machinery and raw materials are easily available in India. There are number of manufacturers in organized and unorganized sectors engaged in grease manufacturing. Read more
BATCHING PLANT FOR ASPHALT
Asphalt is a humid, black and extremely thick liquid or semi-solid that exists in most crude petroleum and also in a few natural deposits. Asphalt concrete is an important composite substance that is used for the construction of roads. Asphalt is utilized as a binder or glue for the aggregate elements. Read more
ZERO QI PITCH FOR GRAPHITE
The manufacture of standard commercial graphite as generally practiced in industry differs greatly from that of metals since graphite has no distinct melting point at reasonable pressures, and the usual methods of forming such as casting in industry is manufactured from carbon base material, rather than mined as the natural substance. Read more
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