UK-based INEOS is exploring the possibility of setting up a catalyst unit at the Special Economic Zone in Dahej. Senior officials from INEOS' US and UK offices have visited the site recently for setting up the project estimated to cost Rs 10 bln initially. The catalyst plant would cater to the company's clients in the East. The petrochemical plant in the SEZ will be able to source directly from the catalyst plant, specially for HDPE/LDPE swing product.
Oil and Natural Gas Corporation (ONGC) is the anchor tenant for the SEZ, and is setting up a Rs 124.40 bln petrochemical complex called ONGC Petro-Additions Ltd., that has sourced its technology under licence from Ineos for its cracker and other units.