India’s largest petrochemical plant up and running -Governance Now

India’s largest petrochemical plant up and running

ONGC Petro additions Ltd plant has been set up with an investment of Rs 30,000 crore

GN Bureau | March 8, 2017

#Narendra Modi #OPal #petroleum products #ONGC #PSU #Gujarat

Prime minister Narendra Modi on Tuesday dedicated ONGC Petro additions Ltd (OPaL) plant to the nation at a function at Bharuch, Gujarat.

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. The company was incorporated on November 15, 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 128,250 square metres.

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 result in the growth of new downstream plastic processing industries in the country, generating investment of Rs 40,000 crore and over 20,000 indirect employment opportunities. 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 10 kg, 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 urbanisation.

The petrochemical sector in the country has witnessed a robust growth of 10-12 percent per annum in the last decade, and is expected to grow at a rate of 12-15 percent in the next decade.

Comments

Other News

As nation lighted lamps, power grid delivered

As Indians switched off lights in homes and lighted lamps and candles Sunday night following prime minister Narendra Modi’s appeal as a gesture of solidarity in the fight against COVID-19, the power grid held up well despite the sudden drop in demand. In a short video message on Friday

3 out of 4 Covid-19 patients in 21-60 yrs age group

Contrary to the perception that the elderly are more at risk from Covid-19, in India as many as 41.88% of corona positive cases are between 21 to 40 years of age. Also, 32.82% positive cases are between 41 to 60 years, followed by 16.69% cases above the age of 60 years and 8.61% coronavirus positive cases

Why everyone should wear mask

In view of the increasing number of COVID -19 cases in the country, the ministry of health and family welfare (MoHFW) has now advised that everyone must voluntarily wear a mask and especially those living in densely populated areas. Not just as a matter of maintaining personal hygiene

Fighting Covid-19, India has realized its collective strength: PM

In the face of the Covid-19 pandemic, people of India have realized their collective strength, prime minister Narendra Modi said in a short video message Friday morning. He also urged people to light lamps Sunday night as a gesture of this collectivity. “Today marks nine days of the na

COVID-19 demobilisation: Lessons for public governance

Demobilization, like its predecessor – demonetization, is another decision gone bad in implementation. In both instances a careful public administrative action through its governance systems could have saved the magnitude of impact particularly on the most vulnerable sections of the society. Th

Don’t fear Corona, fight it

In a bid to break the “chain of transmission” of the deadly Covid-19, India, a country with more than 1.3 billion population, observed a voluntary ‘Janata Curfew’ on March 22. This has been followed by a 21-day, nationwide lockdown from March 24. Prime minister Narendra Modi also re