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ONGC Petro-additions Ltd, a special purpose vehicle set up by the state-run firm, awarded contract for dual feed cracker and associated units to Linde AG of Germany and Samsung Engineering of South Korea, a company statement said here.
Dual feed cracker is the single largest component of the petrochemical project that will produce 1.1 million tons per annum of ethylene and 3,40,000 tons per annum of propylene.
"The award of the contract, in the present challenging business environment, is proof of ONGC's determination to steer this project of national importance to successful commissioning by December 2012," the statement said.
The in-house feed stock for the project would be Naphtha streams from ONGC's Hazira and Uran land processing plants and C2-C3 from Dahej Plant.
"The attractiveness of the project is vindicated by the fact that major petrochemicals and financial sector players have shown keen interest in the project and formalities for induction of other equity partners are nearing completion," it said but did not give details.
Gas utility GAIL India Ltd is keen on taking 19 per cent stake in the Rs 136 billion mega petrochemical project at Dahej.
(PTI)
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