Assam Petrochemicals To Set Up A New Petrochemical Unit
2018-03-21 Announcements Chemicals & Petrochemicals Eastern India
Assam Petro-Chemicals Limited (APL) a company having its registered office at Guwahati, Assam and engaged in the business of manufacture and sale of Methanol and Formalin is in the process of implementing the "500 TPD (Tons Per Day) Methanol and 200 TPD Formaldehyde Project". A MoU was signed between Government of Assam, Oil India Limited and Assam Petro-Chemicals Limited during the 'Advantage Assam Summit' held at Guwahati, Assam which envisages setting up of a 500 TPD (Tons Per Day) Methanol plant at Namrup, Assam and a 200 TPD Formalin Plant at Boitamari in Bongaigaon District of Assam. The total cost of this project will be Rs. 1337 crores. Oil India Limited's contribution will be Rs. 242 crore for 49% equity participation in APL.