Deals27 Jan 2025, 10:22 pm
Petronet LNG Limited Inks 15-Year Deal with Deepak Phenolics Limited for Propylene and Hydrogen Supply
AI Summary
Petronet LNG Limited (PLL) has executed definitive Sale & Purchase Agreements for the sale of 250 KTA of Propylene and 11 KTA of hydrogen from its Petrochemical Complex at Dahej to Deepak Phenolics Limited (DPL). The agreement will be in force for 15 years from the date of first supply of propylene and hydrogen by PLL to DPL. The agreement was approved in the Board of Directors meeting held on 27th January 2025.
Key Highlights
- Petronet LNG Limited has agreed to supply 250 KTA of Propylene and 11 KTA of hydrogen to Deepak Phenolics Limited for 15 years.
- The agreement will be executed between Petronet LNG Limited (PLL) and Deepak Phenolics Limited (DPL) from the date of first supply of propylene and hydrogen.
- The deal was approved in the Board of Directors meeting held on 27th January 2025.
- The supply will be from PLL's Petrochemical Complex at Dahej.