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OPal wants to corner 18% of petrochemical market by 2018
Mar 27: OPaL, the ONGC promoted petrochemical JV, plans to capture up to 18% of the Indian market share by 2018
8Set up with an investment of Rs 30,000 crore, OPal has a Dual Feed Cracker with a capacity to produce 1100 KTPA ethylene, 400 KTPA propylene along with polymerisation units along with associated a Pyrolysis Gasoline Hydrogenation Unit, Butadiene and a benzene extraction units.
8The polymer plants of OPaL has a 2X360 KTPA of LLDPE/HDPE Swing unit, 1X340 KTPA of Dedicated HDPE and 1x340 KTPA of PP.
8The company plans to ride on the current upswing in petrochemical demand, growing at 10-12% per annum in the last decade, while it is expected to grow at a rate of 12-15% in the next decade.
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