thyssenkrupp enters into a contract with Nayara Energy for their Petrochemical Units inVadinar, Gujarat
October 14, 2019, Mumbai: thyssenkrupp Industrial Solutions (India), a leading partner forengineering, construction, and service of industrial plants and systems in India and abroad,has inked a contract with Nayara Energy, an integrated downstream company, through a globaltendering process. In terms of the contract, thyssenkrupp will provide project managementconsultancy services for Nayara Energy’s upcoming petrochemical units in Vadinar, Gujarat,India.
Nayara Energy currently operates the second-largest private sector refinery in India with acapacity of 20 MMTPA at Vadinar, Gujarat. The company endeavours to diversify its energybasket with a foray into petrochemicals, and a vision for making Devbhumi Dwarka district inGujarat a petrochemical hub in India.
Commenting on the partnership, Mr. P. D. Samudra, CEO & MD thyssenkrupp IndustrialSolutions (India) Pvt. Ltd. said, “We are delighted to collaborate with Nayara Energy for thesecond time, after 2000. We are honoured to be entrusted with implementing their upcomingPetrochemical units. The project validates our expertise in the refining and downstream sector.With this partnership, thyssenkrupp will support Nayara Energy with project managementconsultancy services and help them in achieving their project plans.”
Commenting on this development, Mr. B Anand, CEO, Nayara Energy said, “Nayara Energy’sendeavours in the petrochemical sector are aligned towards our larger aspiration to play a vitalrole in India’s development story. Through this association, thyssenkrupp will help us steer thisexpansion project keeping in mind two aspects extremely close to us - excellence and agility.”
The project will mark Nayara’s foray into the Petrochemical sector by building a world-scalecapacity Polypropylene Unit and Methyl Tertiary-Butyl Ether (MTBE) Unit. It also involves revampof the existing FCC unit and building of a Propylene Recovery Unit and associated off-sites &utility facilities.thyssenkrupp is currently engaged in implementing projects for a number of refining andpetrochemical complexes in India and abroad, on PMC and EPCM basis. In addition to thepetrochemical business, the company has a global presence in other chemical process andallied industries.
About thyssenkrupp Industrial Solutions:
The Industrial Solutions business area at thyssenkrupp is a leading partner for the engineering,construction and service of industrial plants and systems. Based on more than 200 years of engineeringexperience, we supply tailored, turnkey large-scale plants and components for customers in thechemical, fertilizer, cement, mining and steel industries. More than 16,000 employees at over 100locations form a global network with a technology portfolio that guarantees maximum productivity andcost-efficiency.For more information visit: www.thyssenkrupp-industrial-solutions.com
About Nayara Energy:
Nayara Energy is a new-age downstream energy company of international scale with strong presenceacross the hydrocarbon value chain from refining to retail. In August 2017, the company was acquiredby international investors, Rosneft and an investment consortium comprising of global commoditytrading firm, Trafigura and UCP Investment Group. The company owns and operates India’s secondlargest single site refinery at Vadinar, Gujarat with a current capacity of 20MMTPA. The refinery is oneof the world’s most modern and complex refineries with a complexity of 11.8, which is amongst thehighest globally. More information about Nayara Energy is available on nayaraenergy.com.