India based ONGC is planning to start a new PP plant in Dahej, Gujarat. The unit is likely to have production capacity of 3,40,000 mt/year. "We hope to procure propylene at a good price before we start PP," the source said. Earlier the units were delayed due to high project costs. OPaL is also planning to bring on stream its new steam cracker in early June and its new polyethylene units by end-June. The company is building two 360,000 mt/year high density polyethylene/linear low density polyethylene swing units and a 340,000 mt/year standalone HDPE unit.
OPaL is a joint venture of Oil and Natural Gas Corp. (26%), GAIL (17%) and Gujarat State Petroleum Corp. (5%), with the balance held by other investors and public shares
