Corporate News 19-Dec-23
Deepak Phenolics inks deal with Petronet LNG for offtake of Propylene and Hydrogen
Deepak Nitrite announced that the Board of Directors of Deepak Phenolics (DPL), a wholly owned material subsidiary of the company, has approved execution of binding Term Sheet between DPL and Petronet LNG (PLL) for offtake of 250 KTPA of Propylene and 11KTPA of Hydrogen from Petronet Petrochemical Project at Dahej, Gujarat for a period of 15 years from the date of first supply of Propylene and Hydrogen by PLL to DPL.
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