HALDIA PETRO MULLS NAPHTHA SOURCING DEAL WITH TCG
Article Abstract:
Haldia Petrochemical Ltd (HPL) is likely to enter into a captive naphtha sourcing arrangement with 9 million tonnes TCG Refinery coming up at Haldia. It has already entered into a sourcing arrangement with the Haldia Refinery of Indian Oil Corporation for 400,000 tonnes of naphtha feedstock which will satisfy about a third of its total requirement of about 1.2-1.4 million tonnes at optimal capacity utilisation. The TCG Refinery plans to utilise about 50 percent of its capacity to refine naphtha to cater to HPL's requirement. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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TIDCO SCOUTS FOR JV PARTNER FOR Rs7,000 CR NAPHTHA PLANT
Article Abstract:
The Tamil Nadu Industrial Development Corporation (Tidco) plans to set up a naphtha cracker plant near Chennai. The plant will have a capacity of 5.5 lakh tonnes per annum Tidco is seeking a joint venture partner for the Rs7,000 crore project. Tidco is likely to hold 11 percent stake in the project. The plant will manufacture ethylene, poly-ethylene and poly-propylene as downstream products. The plant will be located at the petrochem park being set up by Tidco at Ennore. (gs)
Comment:
Plans to set up naphtha cracker plant near Chennai to have capacity of 5.5 lakh tonnes per annum
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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