At the outset, I take this opportunity to extend my
warm greetings and thank you all for your support
for ONGC Petro additions Limited (OPaL).
I have taken this assignment after working for
about 37 years in ONGC in various capacities and at
various work centers.
Now, we are setting up one of the largest
Petrochemical complexes in the country. India has
shown remarkable growth in polymer consumption over
the last decade. The Indian Polymer industry is
poised for manifold growth in immediate future. In
view of downturn in European and US processing
industry, the manufacturing of the finished
products will shift to Asia and especially India.
OPaL wishes to be an important player of this
growth story. We will leverage on the indigenous
feedstock supplies, talented manpower, ready
market, and above all, a better and bright domestic
OPaL finds its parentage with ONGC along with
GAIL, and GSPC. These companies need no
introduction and have enormous experience in India
and abroad to guide OPaL in its new venture.
I also take this opportunity to appraise you about
the current status of the project. Some of the
significant aspects are:
Petrochemical Complex: This is coming up at
Dahej in SEZ/ PCPIR zone. OPaL also happens to be
the Anchor Tenant for the PCPIR project. The Unit
will have 1.1 Million tons of cracker unit and will
produce HDPE, LLDPE, PP, Butene, Butadeine,
Benzene, and CBFS. Approximately 2 Million tons of
the products will be sold annually from this site.
We will be catering to Indian as well as
Finance Update: Currently, the world is
passing through serious financial and credit
crunch. However, because of high pedigree and
robustness of our project, debt of our project has
been subscribed by over 30%.
Key Technologies: Petrochemical Cracker work
has been awarded to M/s. Linde-Samsung Consortium.
Technologies for Polymers are under finalization.
Site Progress: We have already started
construction work at the site.
OPaL team has made appreciable progress in project
and we are confident to meet the timeline of
December 2012. I hereby congratulate the OPaL team
for successfully launching the website at very
Through our website, we will be constantly in touch
with you all and keep you updated about the
P K Johri