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| Chemplast acquires oxychlorination
plant |
| With a view to using hydrogen chloride generated
out of the pyrolysis of ethylene dichloride (EDC) in the manufacture
of PVC, Chemplast plans to install an oxychlorination facility at
Mettur at an estimated cost of Rs.25 crore. This would give Chemplast
a cost advantage in manufacture of EDC and consequently PVC and this
process change will further enhance the company’s ability to
better manage environment issues. |
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| As a part of this investment, the company
has negotiated to buy the existing oxychlorination plant from
National Organic Chemical Industries Limited (NOCIL) which is
not in use now. The company has already entered into an agreement
with NOCIL for this purpose. Chemplast will dismantle NOCIL’s
oxychlorination plant presently located at Thane, Mumbai and
install it at its Mettur factory. The project envisages further
investments on an ethylene purification system, nitrogen and
refrigerant packages and other utilities. The project, expected
to be commissioned in about fifteen months’ time, will
enhance Chemplast’s competitive positioning in addition
to its environment and cost advantages. |
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