ONGC Eyes Future with Oil-to-Chemical Plants | Today's Top News, August 07, 2023

Here are some top news covered today: #watch #watch video #topnews #social #social #video #subscribe #topnews #latestnews #englishnews #psuconnect ONGC Eyes Future with Oil-to-Chemical Plants India's largest oil and gas producer, ONGC, is planning to set up two oil-to-chemical plants in the country. The plants will convert crude oil directly into high-value chemical products, such as polymers, fertilizers, and plastics. This is a major shift for ONGC, which has traditionally focused on oil and gas exploration and production. According to PTI, ONGC Chairman Arun Kumar Singh said that the company is preparing for the set up of these chemical plant for energy transition. "The demand for petrochemicals is expected to remain strong and will continue to be a key driver of oil and gas demand in the future," Chairman mentioned earlier.

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