ONGC Mangalore Petrochemicals Ltd invites interested companies for aromatics unit

ONGC Mangalore Petrochemicals Ltd (OMPL) has invited expression of interests (EoI) from companies for setting up downstream units of its proposed aromatics plant at Mangalore SEZ. The company is setting up an aromatics unit slated to produce 920,000 tpa of Paraxylene and 140,000 tpa of Benzene. OMPL has already appointed the project management consultant (PMC) and also finalised the process licensor. In a tender floated on October 9, OMPL has invited EoIs from interested Indian as well as foreign parties for setting up purified terephthalic acid (PTA) and other downstream facilities using paraxylene (for PTA) and benzene as feedstock. The company has also asked the interested parties to submit proposals for lifting paraxylene and benzene on a long term basis for trading or further processing. The last date of submission of EoIs is October 31. OMPL is promoted by ONGC and its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL). OMPL will hold 49% equity in the project, scheduled to be commissioned by end 2010. The balance equity will be offered to public or strategic partners. The aromatics plant will use naphtha and reformate - supplied by MRPL - as feedstock.
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