ONGC Mangalore Petrochemicals Ltd. to set up aromatic unit in Mangalore SEZ

ONGC Mangalore Petrochemicals Ltd. (OMPL) - a company jointly promoted by ONGC and MRPL, will be setting up an aromatic unit in Mangalore SEZ (MSEZ) with a capacity to produce 920,000 tpa of Paraxylene and 140,000 tpa of Benzene. Feedstock of Naphtha and Reformate is to be supplied by MRPL for the project expected to be commissioned by end 2010. The Company has already appointed Project Management Consultant (PMC) and also finalized the process licensor. ONGC and MRPL will hold 49% equity in the OMPL, while the balance 51% is proposed to be offered either to the public or a strategic partner.
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