TPL pact with Shell Intl.

Corporate Reporter

CHENNAI: Tamilnadu Petroproducts Ltd (TPL) has entered into a master swap agreement with Shell International Trading and Shipping, a move that would help the company to manage price risks associated with feedstocks such as kerosene, benzene, fuel oil and paraffin.

The company uses these feedstock to make linear alkyl benzene, an intermediate petrochemical used in LAS (linear alkylbenzene suplhonate) which, in turn, has applications in detergents and cleaning products.

Muthukaruppan, Managing Director and Chief Operation Officer of the company, said the agreement would enable the company to offer longer term fixed price sales of LAB.