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| OPaL's petrochemical project in Dahej on track: MD |
| Press Trust of India / Chennai Sep 06, 2009, 17:56 IST |
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The proposed Rs 12,440 crore mega petrochemical complex being set up by ONGC-Petro additions (OPaL) in Dahej Special Economic Zone in Gujarat is "on track" and would be commissioned by December 2012, according to a top company official.
"Everything is going on as planned and hopefully it (the project) would be commissioned by December 2012," OPaL Managing Director P K Johri told reporters here.
OPaL is a joint venture promoted by Oil and Natural Gas Corporation (ONGC) and Gujarat State Petroleum Corporation (GSPC).
He said that once commissioned, it would become one of the largest petrochemical complexes in the country. It would have a Dual Feed Cracker - to produce 1,100 kilo tonne per annum (KTPA) of ethylene and 340 KTPA of propylene.
OPaL was in the process of shortlisting a "strategic partner" to tap the overseas market. He said 50 per cent of the products made from the complex needed to be exported once it was commissioned as it was mandatory for such SEZ units.
"Markets like Africa, Pakistan, China, Vietnam, Sri Lanka, Nepal and Europe are looking potential (for us) and we may tap that market with a strategic partner," Johri said, adding that the partner would be finalised "very soon".
OPaL awarded a $1.43 billion contract to the consortium of Linde AG, Germany, and Samsung Engineering, Korea, for the Dual Feed Cracker project early this year.
Johri said once the complex would have an initial production capacity of 1.1 million tonnes of polyethelene.
He also said 70 per cent of the infrastructure development work had been completed in the complex.
The infrastructure development had been handed over to Hyderabad-based IVRCL Group while product management had been entrusted to Engineers India while the 'product technology selection" was under progress.
The shortlisting of companies for product technology was likely to be completed by this week, he said.
For water consumption in the complex, he said that six vendors have been shortlisted recently for setting up a desalination plant. He claimed that on an average day 20 million gallons would be required for consumption in the complex.
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