Page 132 - CW E-Magazine (10-12-2024)

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PETROCHEMICALS

GAIL re-engages process licensor for revival

of Mangalore PTA plant

GAIL (India) Ltd., through its wholly-
owned subsidiary GAIL Mangalore
Petrochemicals Ltd. (GMPL), has re-
engaged with process licensor, Ineos,
for the revival of a purifi ed terephthalic
acid (PTA) manufacturing plant at
Mangalore.

The company said it has formalised
this renewed collaboration by signing
an amendment agreement with Ineos.
It said the collaboration marks a signi-
fi cant step towards the revival of
GMPL’s 1.25-mtpa PTA plant located
in the Special Economic Zone (SEZ),
Mangalore.

The original agreement with Ineos
was executed by JBF Petrochemicals
(JBF), which could not be realised due
to insolvency proceedings. Following
GAIL’s acquisition of JBF through the
Corporate Insolvency Resolution Pro-
cess (CIRP) under the National Company
Law Tribunal (NCLT) in June 2023,
the state-owned fi rm is now working to
overcome the legacy challenges and en-
sure the plant’s successful on-streaming
and long-term operational stability.

Commenting on the development,
GMPL’s Chairman and GAIL’s Director market while supporting the coun- project is expected to have a positive
(HR), Mr. Ayush Gupta said, “Through try’s growth in petrochemical manu- impact by reducing the country’s im-
this strategic partnership and renewed facturing.” GAIL Director (Business port burden and strengthening India’s
focus, GAIL aims to position GMPL Development), Mr. R.K. Singhal added, manufacturing capabilities in the petro-
as a key player in the domestic PTA “The successful realisation of this chemical sector.”
INVESTMENT

AP Govt. approves PCBL’s carbon black project
The Andhra Pradesh Government The state has allotted 116.62-acres and numerous indirect job opportuni-
has approved a Rs. 3,718-crore carbon of land for the project which will pro- ties. The land has been allocated at a
black project of Philips Carbon Black duce carbon black and value-added rate of Rs. 1,948 per square metre, sub-
Ltd. (PCBL) in the Naidupeta MP Special chemicals, with the potential to gene- ject to denotifi cation of the Naidupeta
Economic Zone (MPSEZ) of the state. rate direct employment for 200 persons SEZ.

132 Chemical Weekly December 10, 2024

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