India's OPaL awards Maire Tecnimont EPC contract for polyolefin plants

13 June 2011 14:31  [Source: ICIS news]

LONDON (ICIS)--Maire Tecnimont has been awarded the engineering, procurement and construction (EPC) contracts by India's ONGC Petro-Additions Ltd (OPaL) for three new polyolefin plants in Dahej, India, the Rome-based engineering company announced on Monday.

The contracts for the new polyolefin plants for polyethylene (PE) and polypropylene (PP) in Dahej have a total value of $440m (€306.2m), said Maire Tecnimont.

The capacity of the polypropylene plant is estimated to be 340,000 tonnes/year, while the capacity of the two high density PE (HDPE)/linear low density PE (LLDPE) swing plants is estimated to be 360,000 tonnes/year each.

The EPC contracts were awarded after an international competitive bidding process, Maire Tecnimont said.

OPaL is a joint venture incorporated in 2006 by Indian energy major Oil and Natural Gas Commission (ONGC), which holds a 26% stake, and Gujarat State Petroleum Corp (GSPC), which has a 5% share. OPaL’s other current shareholders include GAIL India, which holds a 19% stake.

($1 = €0.70)

By: Tanzeel Akhtar
+44 208 652 3214

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