GPCA '10: India's OPaL shortlists utilities contract bids for cracker

09 December 2010 02:38  [Source: ICIS news]

DUBAI (ICIS)--India's ONGC Petro-additions Ltd (OPaL) has shortlisted bids for the construction of the utilities facility at its cracker project at Dahej in Gujarat state, a source close to the project said on Thursday.

"The company has narrowed the list of potential contractors to 12 and will select the winner soon," the source said on the sidelines of the 5th Gulf Petrochemicals and Chemicals Association (GPCA) forum being held in Dubai, the United Arab Emirates.

The shortlisted bidders include: Germany's Linde, Japan's Toyo Engineering, Indian Oil Tanking Ltd, ABB Italy, Iran's Jahan Pars with Oman's Galfar, Turkey's Fernas, Indonesia's Tripatra, and India's own Larsen and Toubro, Punj Lloyd, and KazStroy India.

Besides ONGC (Oil and Natural Gas Commission) which holds a 26% stake, OPaL’s current shareholders include Gail India with a 19% stake, and Gujarat State Petroleum Corp (GSPC), which has a 5% share. The remaining 50% stake is being offered to strategic investors.

The company’s 1.1m tonnes/year cracker, due to start up by end 2012, will use dual feedstocks - ethane and naphtha - sourced from ONGC.

Units downstream of the cracker include a 340,000 tonne/year high density polyethylene (HDPE) unit, two swing lines of HDPE/linear low density (PE) of 360,000 tonnes/year each, a 340,000tonne/year polypropylene (PP) plant and a 95,000tonne/year butadiene unit.

The three-day annual GPCA forum runs through 7-9 December.

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By: Prema Viswanathan
+65 6780 4359



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