New Delhi , October 15, 2007: Brahmaptura Cracker and Polymer Limited (BCPL) today signed the Feedstock Supply Agreement with ONGC for the Rs. 5460 crore, 2,80,000 TPA gas cracker plant being set up at Lepetkata, Dibrugarh, Assam. The Feedstock Supply Agreement was signed by Shri R K Kashyap, Chief Operating Officer, BCPL and Shri J G Chaturvedi, Executive Director and Asset Manager, Assam, ONGC in presence of Shri B K Handique, Hon’ble Union Minister of State for Chemicals, Dr. U D Choubey, Chairman and Managing Director, GAIL, Shri A K Purwaha, Director (Business Development), GAIL, Shri N K Mitra, Director (Offshore), ONGC, Shri A K Hazarika, Director (Onshore), ONGC and other senior officials of the two companies in New Delhi.

With the signing of Feedstock Agreement with ONGC, BCPL has now signed Feedstock Agreements with all the three suppliers who are to supply feedstock to the petrochemical plant. The agreements with other feedstock suppliers Oil India Limited (OIL) and Numaligarh Refineries Limited (NRL) were signed last month in Dibrugarh.

Under the Feedstock Supply Agreements, BCPL will source 6.0 MMSCMD gas from Oil India Limited (OIL) Duliajan which shall be processed to recover C2+ Liquid as feedstock for the Petrochemical Complex. The balance gas after recovery of C2+ Liquid shall be returned back to the gas consumers. The Petrochemical Complex shall also utilize 160,000 TPA of petrochemical grade Naphtha from Numaligarh Refinery Limited (NRL). In addition to fuel supplies from OIL and NRL, 1.35 MMSCMD gas from Oil & Natural Gas Corporation Limited (ONGCL) upto 31/3/2012 and 1.00 MMSCMD thereafter will be utilized by BCPL.

The petrochemical complex will comprise of a cracker unit, downstream polymer and integrated off-site/utilities plants. The complex has been configured with a capacity of 220,000 tons per annum (TPA) of Ethylene and 60,000 tons per annum of propylene with Natural Gas and Naphtha as feed stock.

The existing LPG plant of GAIL at Lakwa will be modified to process gas for recovery of ethane and higher hydrocarbon fraction which will be transported to Lepetkata through a pipeline.

The Products from the Petrochemical Complex shall be 220,000 Tons per annum (TPA) of HDPE/LLDPE, 60000 TPA of Polypropylene, 55,000 TPA of Raw Pyrolysis Gasoline and 12,500 TPA of Fuel oil.

Brahmaputra Gas Cracker and Polymer Limited is a Joint Venture Company with GAIL as the lead promoter with 70% equity. The other Joint Venture partners are OIL, NRL and Assam Government, each having 10% equity.

Dr. U D Choubey, CMD, GAIL and Chairman, BCPL and Shri N K Mitra, Director (Offshore), ONGC exchange documents after signing of Feedstock supply agreement between Brahmaputra Cracker and Polymer Limited (BCPL) and ONGC in presence of Shri B K Handique, Hon’ble Union Minister of State for Chemicals, Shri A K Purwaha, Director (Business Development), GAIL, Shri A K Hazarika, Director (Onshore), ONGC