JBF Industries' step down subsidiary, JBF Petrochemicals has entered into a Long Term Agreement with ONGC Mangalore Petrochemicals (OMPL) for supply of Paraxylene, the main raw material for production of Purefied Terephthalic Acid (PTA).
JBF Petrochemicals is in the process of commissioning a 1.25 million Tonnes per annum PTA plant, using technology from BP, at Mangalore SEZ, Karnataka. Paraxylene will be supplied by OMPL to JBF Petrochemicals, through a dedicated pipeline about 3 km in length. The agreement entails supply of Paraxylene for a period of 10 years, with provision of further increasing the period of supply by another 5 to 10 years by mutual consent.
JBF Industries is an India-based company, which manufactures polyester chips, polyester yarn and processed yarn from polyester chips.
