Assam Petrochemicals to set up acetic acid plant in Namrup

Details

Category: Assam Chemical Projects

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 to set up acetic acid plant in Koyali

Details

Category: Gujarat Chemical Projects

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 to set up a refinery in Panchpad

Details

Category: Rajasthan Chemical Projects

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.

NanoCoat to launch new products

Details

Category: Industry Overview

NanoCoat, a Hyderabad based startup engaged in nano technology products is setting up production centres in Nanotechnology Park in Gujarat and Uttarakhand. The company manufactures nano material concentrate for different applications - eg. Solar PV, water purification, dust repellents etc., Their R&D lab is also has 3 more products in pipeline which are in testing stage. It may be noted, the company has been funded by USA based angel investor.