An insight into the 8 most revolutionary technologies of 2021.  (zaha.treecha17/adobe stock)
Process Industry Solutions

8 Revolutionary Technologies of 2021

PROCESS Worldwide brings to you a snapshot of some of the most revolutionary technologies of this year. From major breakthrough technologies in steam methane reforming to solutions analyzing the composition of gas treating agents in real time, find out all the latest innovations making news here.

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Reliance (RIL) and Saudi Aramco had entered into a non-binding Letter of Intent in August 2019 to acquire a potential 20% stake in RIL’s O2C business.  (Deposit Photos)
India: Oil-to-Chemicals Business

Reliance Calls Off 15 Billion Dollar Saudi Aramco Deal, Will Re-Evaluate Stake Sale in O2C Business

Reliance Industries Ltd (RIL) and Saudi Aramco have mutually called off the 15-billion-dollar deal under which Saudi Aramco would acquire a 20% stake in the company’s oil-chemicals (O2C) business. The move has been undertaken in the background of RIL’s evolving nature of the business i.e. the company unveiled plans for its new energy & materials businesses under which the firm intends to develop the Dhirubhai Ambani Green Energy Giga Complex at Jamnagar, Gujarat, India, which is a major part of the its oil-to-chemicals (O2C) assets. Now, RIL and Saudi Aramco will re-evaluate the proposed investment in the O2C business.

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