Japan's Mitsui Chemicals to license manufacturing technology to OPaL
18 July 2011
Japan's Mitsui Chemicals has enterd into a deal to license manufacturing technology to ONGC Petro additions Limited, a joint venture between ONGC, Gujarat State Petroleum Corporation and Gas Authority of India.
The three companies own 26 per cent, five per ent and 19 per ent respectively in OPal.
Japan's Mitsui Chemicals said that it will provide manufacturing technology for high-density polyethylene to India's ONGC Petro additions Limited (OPaL).
It added that Korea's Samsung Engineering would handle the engineering, procurement, construction, and commissioning work of the new plant.
The current OPaL project brings the total annual production capacity of plants using Mitsui's HDPE manufacturing technology to 860,000 tons or globally to 6.2 million tons per year in India.
The current HDPE plant will be at the downstream unit of the Mega Petrochemical project which OPaL is currently constructing in Dahej, Gujarat, with annual capacity of 340,000 tons
The project is likely to start commercial operation tentative around 2014.
Mitsui Chemicals' proprietary HDPE manufacturing technology enables production of high quality HDPE, a process has been recognized by the global market.