India's OPaL to have on-spec PP, PE soon

Market sources reported that ONGC Petro additions Limited (OPaL) has started up its cracker since first week of September and it is expected to have on-spec PE cargoes by end of October 2016. A source closed to the company informed that the export of polyolefin cargoes will be started only by next year.

The newly developed petrochemical complex based in Dahej Special Economic Zone, Gujarat, India also consist of a cracker which produce 1.1 million ton/year of ethylene, 400,000 ton/year of propylene. The PE plant houses two HDPE/LLDPE swing units with total capacity of 720,000 tons/year and a stand-alone HDPE unit with capacity of 340,000 tons/year and the PP plant has a production capacity of 340,000 ton/year.

OPaL is a joint venture of Oil and Natural Gas Corp. (ONGC) (26%), Gas Authority of India Limited (GAIL) (17%) and Gujarat State Petroleum Corp. (GSPC) (5%), with the balance held by other investors and public shares.