Gulf Petrochem acquires Shell’s bitumen plant in India | GulfNews.com:
"UAE-based Gulf Petrochem on Wednesday announced its acquisition of the Royal Dutch Shell Specialties Bitumen plant at Savli, near Vadodara in Gujarat, India. The acquisition, through a direct purchase, will complement the construction of a high capacity storage terminal for various petroleum products at Pipavav in Gujarat and meet the ever increasing demand for Bitumen Specialty products in West and North India, the company said in a statement.
Gulf Petrochem will begin to manufacture 30,000 MT per annum of Bitumen Specialty products that includes Bitumen Emulsions, Micro-surfacing Emulsions, Crumb Rubber Modified Bitumen, Polymer Modified Bitumen and various other Cold Mix road construction products.
The company will also upgrade the plant to manufacture Bitumen products that adhere to new specifications laid down by Indian Roads Congress."
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