ONGC to partner GACL?

It looks like GACL’s ethylene dichloride (EDC) project at Dahej is still alive. The latest news is that GACL is in talks with ONGC to partner the project. ONGC is building a cracker at Dahej and will be in a position to provide ethylene. This makes sense as the only other alternative for GACL would be to import ethylene. GACL had in the past also looked at going further down the chain to produce PVC. But it is not clear if this still interests the comapny

The report also talks of GACL looking at picking up a stake in ONGC’s cracker and joins a long list of other interested investors which includes Sabic, Mitsui Chemicals and Mitsubishi Chemical.

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