New Delhi : Prime Minister Narendra Modi dedicated ONGC Petro additions Ltd (OPaL) plant to the Nation at a function in Bharuch. Prime Minister also addressed an industry meet there.
The plant was dedicated to the nation by the Prime Minister in the august presence of Gujarat Chief Minister Vijay Rupani; Union Minister for Road Transport and Highways Nitin Gadkari; Minister of State for Chemicals and Fertilizers Mansukh L. Mandaviya, along with a host of other dignitaries.
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, Gujarat. The company was incorporated on 15th November, 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 1,28,250 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 Petrochemical sector in the country has witnessed a robust growth of 10-12% per annum in the last decade, and is expected to grow at a rate of 12-15% in the next decade.
