JOIN USThe ONGC Mangalore Petrochemicals Limited (OMPL) is likely to make its first shipment of products by January next year.
Addressing reporters soon after the 25th annual general meeting at Mangalore Refinery and Petrochemicals Limited (MRPL) premises at Surathkal near here on Monday, MRPL Chairman Sudhir Vasudeva said that the work on the OMPL is almost complete and paraxylene and benzene would be the two major products of OMPL.
The OMPL is being set up on 442 acres of land in the Mangalore Special Economic Zone (MSEZ) with an estimated project cost of Rs 5,750 crore. Stating that the Phase III Refinery project to increase complexity and profitability is nearing completion, Vasudeva said the company will be soon able to maximise the distillate yield and thereby profitability. He also said low value naphtha and black oils will be upgraded to produce value added products like Propylene and superior (Euro III/IV) grade HSD will be manufactured.
He added that MRPL has extended the product supply term agreement with STC, Mauritius for supplying 1.36 MMT per annum of petroleum products, viz, Mogas, ATF, gas oil and fuel oil to Mauritius for three years starting August 1, 2013.