UAE-based Gulf Petrochem has acquired a bitumen plant, located in Indian state of Gujarat, from Shell
Situated at Savli, the purchase of the bitumen plant will give Gulf Petroleum an opportunity to produce 30,000 metric tonnes per annum of bitumen products to meet the demand for bitumen in northern and western India, the company said in a statement.
Gulf Petroleum will also upgrade the existing bitumen plant to comply with the new specifications for bitumen provided by the Indian Roads Congress.
Manan Goel, group director at Gulf Petrochem, said, “The acquisition has helped us to increase our product portfolio with petroleum products. We can now market and deliver these bitumen products through our storage, shipping, manufacturing and terminal businesses.”
Gulf Petroleum, which supplies almost 35 per cent of total imported bitumen in India, would eventually be able to provide all grades of bitumen product in the country.
