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ONGC Board approves PP unit for MRPL @ $375mn

27
Jul '09
Mangalore Refinery & Petrochemicals Ltd (MRPL) has submitted to BSE a copy of the Press Release dated July 23, 2009 stating that "ONGC board in its meeting held on July 23, 2009 has approved the Investment proposal of MRPL for installation of a Polypropylene unit integrated with the MRPL Phase-3 complex facilities, which is under implementation, with an estimated Capex of Rs 1803.78 Crores"

ONGC board in its meeting held on 23rd July, 2009 has approved the investment proposal of MRPL for installation of a Polypropylene unit integrated with the MRPL Phase-3 complex facilities, which is under implementation. with an estimated Capex of Rs. 1803.78 Crores.

The Project envisages value addition through conversion of Polymer graade propylene produced from the Petrochemical Fluidised Catalytic Cracking Unit(PFCCU) being implemented under the Phase-3 Refinery Project to Polupropylene. The Nameplate Capcity of the Polypropylene plant is 440,000 TPA.

The Completion of Basic Design Engineering package and execution of the project is targeted in 30 months.

The Ploypropylene produced from MRPL complex would help in bridging the gap between supply and demand in the southern region of India.

Mangalore Refinery & Petrochemicals Ltd (MRPL)


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