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

On a Personal note with actor Neeraj Kabi

Neeraj Kabi, a critically acclaimed self-taught actor, theatre director, and acting teacher, has worked in Odiya, Hindi and international cinema, theatre, television and web series. In 2014 he was honoured with the best actor award at the 4th Sakhalin International Film Festival for his role in the fil

Talking to Trump, Modi hits out at Imran’s anti-India rhetoric

Prime minister Narendra Modi has told US president Donald Trump that Pakistan prime minister Imran Khan’s “incitement to anti-India violence” was not good for peace in south Asia. Modi and Trump had a telephonic conversation – their first since the Aug 5 move to chang

Paediatricians call for junking unhealthy food

As children are consuming more and more fast foods and sweetened beverages are becoming, leading to obesity and related non-communicable diseases (NCDs), the Indian Academy of Pediatrics (IAP) has come out with guidelines on such substances. The dietary guidelines under its nutrition chapter

Modi’s forward-looking I-Day speech lays down 5-year agenda

Contrast prime minister Narendra Modi’s first Independence Day speech in 2014 with his latest, the first in the second term, and you know the difference. His first speech was less about future and much about the basic needs like Swachch Bharat (clean India). His speech on Thursday, on the other hand,

Better cities require active citizen engagement

With Mumbai city battling myriad civic issues and annual flooding year after year, stakeholders and experts came together to discuss ways of dealing with these issues as community work. The discussion was held at the TEDxVersova Salon- Vibrant Civic Participation, an independent TED event organized by the

Independence Day: PM underlines new beginnings

Addressing the nation from the ramparts of the Red Fort for the first in his second term, prime minister Narendra Modi highlighted the new beginnings his government has made in recent days, and underlined the hopes of a new India in the making. “Things that could not happen in the past

Current Issue

Video

Opinion

Twitter

Tweets by @governancenow