Prime Minister dedicates ONGC Petro additions Ltd (OPaL) Plant to the nation
Dated : 07 March 2017 05:12:10 PM
- Set up with an investment of Rs.30,000 Crore
- Production capacity of 14 Lakh Tons of polymers and 5 Lakh tons of chemicals per annum
- To generate further investment of Rs 40,000 crore and employment to 20,000 people in downstream
Dahej (Gujarat), March 7, 2017 : Prime Minister Narendra Modi today dedicated ONGC Petro additions Ltd (OPaL) plant to the Nation at a function in Bharuch.
Prime Minister also visited OPaL and addressed an “Industry Meet”. He had a detailed presentation on OPaL
The plant was dedicated to the Nation by the Prime Minister in the august presence of Gujarat Chief Minister Vijay Rupani, Union Minister for Road Transport and Highways Nitin Gadkari, Minister of State for Chemicals and Fertilizers Mansukh L. Mandaviya, along with a host of other dignitaries.
OPaL is a joint venture company promoted by ONGC, GAIL and GSPC, implementing a grass root integrated petrochemical complex located in Special Economic Zone (SEZ) under Petroleum, Chemical and Petrochemical Investment Region (PCPIR) at Dahej, Gujarat. The company was incorporated on 15th November, 2006.
This is the single largest Petrochemical plant in India and at full capacity, will annually produce 14 Lakh Metric Tonnes of Polymers viz. Linear Low Density / High Density Polyethylene, Polypropylene and 5 Lakh Metric Tonnes of Chemicals like Benzene, Butadiene, and Pyrolysis Gasoline etc. The Product Warehouse is one of the largest in India with an area of 1,28,250 square metres.
OPaL would use ONGC’s captive feed of C2+ streams (i.e. Ethane, Propane and Butane) from C2-C3 Extraction plant, and Naphtha from Hazira & Uran to produce Polyethylene and Polypropylene.
Set up with an investment of Rs 30,000 Crore, the plant is strategically located in the petrochemicals and chemical hub of the country with excellent connectivity, creating an integrated ecosystem. It will generate direct employment for 3,500 personnel and indirect employment for around 10,500 people.
The project will further result in the growth of new downstream plastic processing industries in the country, generating further investment of Rs 40,000 Crore and over 20,000 indirect employment opportunities, giving major thrust to government’s Make in India programme. The increased use of polymers will also reduce burden on traditional materials like wood, paper, metal and will help in conserving natural resources like water and energy and promote food safety & food conservation.
OPaL’s projected market share in the polymer sector will be 13% by 2018. The company would also contribute in encouraging polymer consumption in the country & its products will be used for important sectors like Infrastructure, Housing, Packaging, Irrigation, Automotive, Healthcare etc. OPaL’s production of polymer will help country towards self-sufficiency.
The average per capita consumption of Polymers in India is 10kg, compared to a world average of 32 kg. There is tremendous potential for growth of the sector catalysed by growth drivers such as increasing middle class, higher disposable income and urbanization.
The Petrochemical sector in the country has witnessed a robust growth of 10-12% per annum in the last decade, and is expected to grow at a rate of 12-15% in the next decade.
ONGC Petro additions Ltd
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