Manufacturing of Epichlorohydrin to Commence in India with Meghmani Finechem Limited Entering First the Domestic Market
Meghmani Finechem Limited has planned to set up its own Epichlorohydrin plant at the Chlor Alkali and Derivatives Complex, Dahej. The capacity of the plant is 50000 MT per annum which will operate by using TechnipFMC EPICEROL Technology. This technology uses glycerin as a feedstock and is of great interest to downstream users for cost-effective production. The project is expected to generate a revenue of approximately INR 4.6 Billion per annum while investing a capital expenditure of INR 2.75 Billion. Meghmani Finechem will be the first to manufacture Epichlorohydrin in India and is expected to meet the growing demand of Epichlorohydrin in the market from the second quarter of 2021. Epichlorohydrin is an essential feedstock to produce epoxy resins, which is increasingly used in various applications including corrosion protection coatings in Industrial, automotive, packaging. It is also used in adhesives, elastomers, paper, and textile industry as sizing agents and other specialty uses. The plant will be set to serve the rapidly growing Epichlorohydrin market in India.