JBF Petrochemicals has entered into an agreement with OMPL for the assurance of the supply of raw material (PX) to its upcoming PTA plant for a long term – of minimum ten years, which can be extended with mutual consent.
PX will be supplied by a pipeline of 3 km length for the production of around 1.25 million tonnes of PTA in a year.
Around 114 acres of land has been allotted for this project. The total estimated cost for this entire project is $677 million.
This project is one of the largest of its kind in the country, according to the company website. (MCJ)
ALCHEMPro News Desk
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
