India’s Petronet LNG plans to set up a greenfield petrochemical complex consisting of a 750,000 tonnes/year propane dehydrogenation unit (PDH), a 500,000 tonnes/year polypropylene line (PP) and other facilities for the import, storage and transfer of ethane and propane at Dahej, in western Gujarat state, said the company.
The project is estimated to cost around Indian Rupees (Rs) 142bn (USD1.74bn), Petronet said in its submission to the Ministry of Environment, Forests and Climate Change. The petrochemical project is expected to become operational three years after the company receives all the necessary regulatory and other approvals, it added.
The complex will help Petronet meet the expected growth in demand for petrochemical products in India while also providing import substitution, it said in its submission.
The company plans to use imported propane as raw material for its PDH unit which will then provide the propylene feedstock for the proposed PP line, it added.
“The petrochemical complex will accelerate the development of downstream petrochemicals industry for polymer processing like packaging, fibre and filament, automotive, health care and personal care,” it added.
We remind, Petronet LNG and ONGC Videsh are jointly in talks about buying a stake in Tellurian Inc's proposed Driftwood project in Louisiana.
Petronet is a state-owned firm which develops facilities for the import, storage and regasification of liquefied natural gas (LNG) at Dahej and Kochi in southern Kerala state.
mrchub.com