[ad_1]
NEW DELHI: The IndianOil board has accredited a Rs 3,681-crore plan to arrange India’s first mega-scale maleic anhydride unit for manufacturing high-value specialty chemical compounds at its Panipat Refinery in Haryana.
“These high-demand chemical compounds are largely imported. The upcoming plant will cut back import dependence and save overseas change of about $150 million per 12 months, thus strengthening the mission of Aatmanirbhar Bharat,” an organization assertion quoted chairman S M Vaidya as saying on Monday.
Maleic anhydride (MAH) is used for making high-value specialty merchandise akin to polyester resins and floor coating plasticisers, agrochemicals and lubricant components.
“Petrochemicals integration is the cornerstone of our future progress technique, given the excessive potential of petrochemicals in India. This challenge will consolidate IndianOil’s basket of area of interest merchandise and enhance the lube and petrochemical integrity index of Panipat refinery to greater than 15% after the enlargement plan is carried out,” the assertion quoted Vaidya as including.
The proposed unit is anticipated to be accomplished in 54 months from the date of Stage-1 funding approval. It can have a capability to supply 120 kilo tonnes each year (kta) of maleic anhydride, the corporate mentioned in an announcement on Monday.
One other value-added chemical, tetrahydrofuran, will even be produced from this plant to speed up the expansion of the pharmaceutical business. THF can also be broadly utilized in adhesives and vinyl movies.
As well as, the plant will even manufacture 20 kta of 1,4-butanediol that finds purposes in poly urethanes, polybutylene terephthalates, an engineering grade plastic and biodegradable fibres.
“These high-demand chemical compounds are largely imported. The upcoming plant will cut back import dependence and save overseas change of about $150 million per 12 months, thus strengthening the mission of Aatmanirbhar Bharat,” an organization assertion quoted chairman S M Vaidya as saying on Monday.
Maleic anhydride (MAH) is used for making high-value specialty merchandise akin to polyester resins and floor coating plasticisers, agrochemicals and lubricant components.
“Petrochemicals integration is the cornerstone of our future progress technique, given the excessive potential of petrochemicals in India. This challenge will consolidate IndianOil’s basket of area of interest merchandise and enhance the lube and petrochemical integrity index of Panipat refinery to greater than 15% after the enlargement plan is carried out,” the assertion quoted Vaidya as including.
The proposed unit is anticipated to be accomplished in 54 months from the date of Stage-1 funding approval. It can have a capability to supply 120 kilo tonnes each year (kta) of maleic anhydride, the corporate mentioned in an announcement on Monday.
One other value-added chemical, tetrahydrofuran, will even be produced from this plant to speed up the expansion of the pharmaceutical business. THF can also be broadly utilized in adhesives and vinyl movies.
As well as, the plant will even manufacture 20 kta of 1,4-butanediol that finds purposes in poly urethanes, polybutylene terephthalates, an engineering grade plastic and biodegradable fibres.
[ad_2]