GAIL Revives PTA Manufacturing Plant in Mangalore with INEOS Collaboration

GAIL (India) Limited, through its subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), has re-engaged with Process Licensor INEOS to revitalize the 1.25 MMTPA Purified Terephthalic Acid (PTA) manufacturing plant in Mangalore's Special Economic Zone. This collaboration follows GAIL's acquisition of JBF Petrochemicals through the Corporate Insolvency Resolution Process (CIRP) under the National Company Law Tribunal (NCLT) in June 2023. The amended agreement with INEOS aims to enhance operational efficiency, align production with market demand, and contribute to India's vision of self-reliance as part of the Atmanirbhar Bharat initiative.