India’s largest liquefied natural gas importer, Petronet LNG Ltd, on Monday, October 30, announced the setting up of a new Petrochemical plant in Gujarat. The company’s Board of directors approved the estimated investment of 20,685 INR-Crore for the same.
The petrochemical plant will come up in Dahej, adjacent to India’s largest CNG import facility by the company. The project has received all the required clearances and it is anticipated to be completed within four years. The company has also planned a Green belt area of over 25 Acres within the region.
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The proposed petrochemical plant will include – a 750,000 TPA (tonnes per annum) Propene Dehydrogenation Plant (PDH) and a 500,000 TPA Poly-propylene Plant. A binding term sheet (for 15 years) was approved by the board with Deepak Phenolics Limited (DPL) for the offtake of 250,000 tonnes of propylene and 11,000 tonnes of hydrogen from the Petronet Petrochemical Project.
The company expects to generate revenue from the sale of – Polypropylene, Propylene, Propene, Hydrogen, and Ethane acquired through these plants. The project envisages to boost India’s self-efficiency in the field of Petrochemicals.
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