Petronet LNG Limited (PLL) has announced the execution of definitive sale and purchase agreements with Deepak Phenolics Limited (DPL) for the supply of 250 KTA (kilo tons per annum) of propylene and 11 KTA of hydrogen. The agreement spans 15 years and pertains to supplies from PLL’s upcoming petrochemical complex at Dahej, Gujarat.
The deal, approved by PLL’s Board of Directors in a meeting held on January 27, 2025, marks a significant step in PLL’s strategic expansion into the petrochemical sector. This long-term domestic partnership underscores the growing importance of sustainable chemical supplies in industrial applications.
Agreement Highlights:
- Products Supplied: 250 KTA of propylene and 11 KTA of hydrogen.
- Supplier: Petronet LNG Limited.
- Buyer: Deepak Phenolics Limited.
- Duration: 15 years from the date of first supply.
- Facility Location: Petrochemical complex at Dahej, Gujarat.
Speaking on the occasion, PLL emphasized the strategic importance of this partnership in optimizing the utilization of their upcoming complex and meeting industrial demand for essential petrochemical products. Deepak Phenolics Limited is expected to leverage these supplies for its production of high-value downstream chemical products.
This agreement follows PLL’s earlier disclosure to stock exchanges in October 2023 about the development of its petrochemical complex, reflecting the company’s commitment to diversifying its portfolio beyond LNG.
Petronet LNG Limited is a leading energy company in India, primarily engaged in the import, storage, and regasification of liquefied natural gas (LNG). With terminals in Dahej, Gujarat, and Kochi, Kerala, PLL has expanded its operations into petrochemicals to strengthen its foothold in the energy and chemicals industry.
