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GAIL, INEOS revive PTA plant in M'luru
The Morning Standard
|November 29, 2024
GAIL (India) Limited, via wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), has re-engaged process licensor INEOS to support revival of its 1.25 million tonne per annum purified terephthalic acid (PTA) manufacturing plant in Mangaluru.
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The original agreement for the PTA project was signed with INEOS by JBF Petrochemicals (JBF), but was never fully realised due to insolvency proceedings involving JBF. Following GAIL's acquisition of JBF under the Corporate Insolvency Resolution Process (CIRP
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