Tamilnadu Petroproducts Receives Approval for the Expansion of its Chemical Facilities
- 30-Mar-2021 9:00 PM
- Journalist: Robert Hume
Tamilnadu Petroproducts, a renowned Indian chemical manufacturing company, on Tuesday announced that it has finally received the approval from the boards for the expansion and revamp of its several chemical manufacturing facilities.
In a regulatory filing, the company revealed that it has received clearance for the expansion of its Linear Alkyl Benzene (LAB) plant capacity from 120 KTPA to 145 KTPA. As per the sources, the project worth INR 2400 Million is likely to be completed in a span of 24 months.
In addition, Tamilnadu Petrochemicals has also received clearance for the expansion of its heavy chemicals division (HCD) plant. The Caustic Soda unit under the HCD plant is likely to be revamped by replacing the mono-polar membrane technology with a superior bipolar membrane technology.
The Caustic Soda plant capacity which currently stands at 150 TPD is projected to increase to 250 TPD post the expansion. The investment worth INR 1650 million is expected to be completed within 18 months. Besides, the company has also received approval for setting up a Propylene recovery unit worth INR 300 million.
The overall expenditure for the spate of expansion projects is likely to around INR 4350 million.
As per ChemAnalyst, “The upcoming projects will play a vital role in improving the share of Tamilnadu Petrochemicals in the domestic market for Caustic Soda and LAB as their demand is likely to grow by around 4 percent in the coming years.”