20 August 2008 21:32 [Source: ICIS news]
NEW DELHI (ICIS news)--India’s Essar Gujarat Petrochemicals Limited (EGPL) Oil Limited (EOL) plans to set up a naphtha cracker in technical collaboration with US-based Lummus Technologies, a government official said on Wednesday.
The Indian Rupees (Rs)126.73bn ($2.9bn) cracker would form part olefins complex of multi-segment petrochemical project to be commissioned by April 2012 at Vadinar in ?xml:namespace>
The official said that EGPL had proposed to pay Lummus $16.58m plus €90,000 ($133,000) in fees.
The petrochemical complex would draw feedstock from twin refineries of Essar group at the site.
($1 = Rs43.74, $1 = €0.68))
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