Petronet’s Board Gives Approval to Set Up Petrochemical Plant in Dahej

Petronet LNG’s (PLL's) Board has granted its approval for the proposal to set up a petrochemical plant in Dahej, Gujarat, with an estimated cost of Rs 20,685 crore.

The project has secured the required statutory clearances and is likely to be operational in the next four years. Further, the company plans to develop 25 hectares of green belt area in the region. The new plant is expected to enhance the self-efficiency of the country in the field of petrochemicals as well as enable a socio-economic uplift in the region.

Once completed, the project is expected to generate revenues from the sale of poly-propylene, propylene, propane, hydrogen and ethane. It would benefit from utilizing ‘ColdEnergy’ of PLL’s existing Dahej LNG terminal, making this project energy-efficient. This will also create a significant opportunity for direct and indirect employment.

In addition, the Board also approved the execution of a binding term sheet between PPL and Deepak Phenolics (DPL). The term sheet covers the offtake of 250 KTPA of propylene and 11 KTPA of hydrogen from the Petronet Petrochemical Project at Dahej for 15 years.