BCPL-ONGC ink deal for Rs 5,460 cr petrochemical plant

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New Delhi, Oct 15 (UNI) Brahmaptura Cracker and Polymer Ltd (BCPL) today signed a feedstock supply agreement with ONGC for the Rs 5,460 crore gas cracker plant being set up in Assam.

With this, BCPL has now signed feedstock agreements with all three suppliers for the 2,80,000 tonnes per annum (TPA) petrochemical plant coming up at Lepetkata in Dibrugarh district, Gas Authority of India Ltd (Gail) said in a statement.

BPCL is a joint venture company with Gail as the lead promoter with 70 per cent equity.

Besides ONGC, other suppliers with which BCPL signed agreements last month are Oil India Ltd (OIL) and Numaligarh Refineries Ltd (NRL).

Today's agreement was signed by BCPL's Chief Operating Officer R K Kashyap and ONGC Executive Director and Asset Manager, Assam J G Chaturvedi. Minister of State for Chemicals B K Handique and Gail CMD Dr U D Choubey among others were present on the occasion, the statement added.

Under the agreements, BCPL will source six MMSCMD gas from Oil India. It will be processed to recover C2+ liquid as feedstock for the petrochemical complex. After recovering the C2+ liquid, the gas will be returned to consumers.

The plant will also utilise 160,000 TPA of petrochemical grade naphtha from Numaligarh refinery, 1.35 MMSCMD gas from ONGC upto March 31, 2012 and one MMSCMD subsequently.

The petrochemical complex will comprise of a cracker unit, downstream polymer and integrated off-site/utilities plants. It will have a capacity of 220,000 TPA of ethylene and 60,000 TPA of propylene.

The existing LPG plant of Gail at Lakwa will be modified to process gas for recovery of ethane and higher hydrocarbon fraction which will be transported to Lepetkata through a pipeline.

The petrochemical complex will produce 2,20,000 TPA of high density polyethylene and linear low density polyethylene, 60,000 TPA of polypropylene, 55,000 TPA of raw pyrolysis gasoline and 12,500 TPA of fuel oil, the statement said.

UNI

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