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ONGC Petro additions Limited

 
 
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  " To be a world-class petrochemical company, with dominant Indian presence and a preferred choice of customers in terms of quality and value."  
 
 CEO Speaks        
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  Dear Stakeholders,
 

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 market.

 

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 international customers.

  • 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 short notice.

Through our website, we will be constantly in touch with you all and keep you updated about the project.  

Best Wishes,

P K Johri

 
 
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