Japan's Mitsui Chemicals provides HDPE technology to OPaL

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.

The engineering, procurement, construction and commissioning work of the HDPE plant will be managed by South Korea’s Samsung Engineering, the statement said.

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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By: Nurluqman Suratman



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