Panama Petrochem Limited was incorporated on March 9, 1982. The Company manufactures speciality petroleum products under the brand name "PANOL", for diverse user industries like printing, textiles, rubber, Pharmaceuticals, cosmetics, power and various industrial oil. It has manufacturing facilities at four plants namely, in Ankleshwar (Gujarat), Daman (Union Territory), Taloja (Raigadh, Maharashtra) and Dahej (Bharuch, Gujarat).