11 July 2011 06:08 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Mitsui Chemicals will provide the manufacturing technology for Indian producer ONGC Petro-Additions Ltd’s (OPaL) new 340,000 tonne/year high density polyethylene (HDPE) unit at Dahej in India, the company said on Monday.
OPaL will begin commercial operations at the HDPE unit in 2014, Mitsui Chemicals said in a statement.
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Financial details of the project were not disclosed.
OPaL is a joint venture that was 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.
Other shareholders of the company include GAIL India, which holds a 19% stake.
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