Deals6 Feb 2025, 10:12 pm
Petronet LNG Limited Executes Agreements with Deepak Phenolics Limited for Sale of Propylene and Hydrogen
AI Summary
Petronet LNG Limited (PLL) and Deepak Phenolics Limited (DPL) have executed definitive Sale & Purchase Agreements on 6 February 2025 for the sale of 250 KTA of Propylene and 11 KTA of hydrogen. The agreements have a supply period of 15 years from the date of first supply of propylene and hydrogen by PLL to DPL. This disclosure follows the approval given by the PLL Board of Directors in their meeting held on 27th January 2025.
Key Highlights
- Petronet LNG Limited and Deepak Phenolics Limited have executed definitive Sale & Purchase Agreements for the sale of Propylene and Hydrogen.
- The supply period for Propylene and Hydrogen is 15 years from the date of first supply.
- The agreement was approved by the Petronet LNG Limited Board of Directors in their meeting held on 27th January 2025.
- The agreement is for 250 KTA of Propylene and 11 KTA of hydrogen.
- The agreement was executed on 6 February 2025.