Assam Petrochemicals Ltd is to set up an acetic and methanol plant in Namrup in Dibruah district of Assam with an investment of Rs. 102 billion. The company has signed debt agreements with banks and government and other state government corporation to fund the project. The new facility is likely to go operational by end 2014. Methanol is used in the manufacture of acetic acid, formaldehyde, and is used as a feedstock by dyestuff industry for the manufacture of proteins that are synthetic. Acetic acid is used in textile and garment industry for dyeing purposes.
BP Group is planning to set up a acetic acid plant near IOC Koyali refinery in Gujarat. The company has signed an MoU with Indian Oil Corp in 2011. It will invest close to USD 1 billion to set up the plant and will use BP’s Cativa XL technology for manufacturing acetic acid. Gujarat being a textile cluster, will help in growth of PTA (purified teraphthalic acid) which uses acetic acid as key raw material.
HPCL-Rajasthan Refinery Limited, a 74:26 joint venture company between Rajasthan government and HPCL is planning to set up a petrochemical complex in Panchpadra in Barmer district of Rajasthan. It will source crude from Rajasthan oil fields and will process the same to produce benzene, toluene and mixed xylene. The refinery will have a capacity of 9 million tpa. An MoU has been signed to set up the refinery in March 2013. The project cost is estimated at Rs. 372.3 billion and is likely to go operational by 2017.