MOSCOW (MRC) -- Thirumalai Chemicals Limited has announced its plan to execute a project to manufacture 180,000 tons per year of Phthalic Anhydride (PA) and 30,000 tons per year of Fine & Specialty Chemicals, at its existing site at Dahej, Gujarat, and Western India, according to Kemicalinfo.
The project is expected to be executed in two successive phases. Thirumalai expects to bring the first of these two phases on-stream in about 2 years after receipt of all needed approvals.
It further informed that work has commenced on design & engineering of the plant.
The raw materials for this integrated plant will be sourced primarily within Gujarat; the finished products are aimed at the large West & North Indian markets, and at Exports.
Thirumalai Chemicals further said that the commissioning of the company’s first PA plant at Dahej, was delayed by the recent pandemic wave in Gujarat. Startup is now under progress, it added.
Phthalic Anhydride has a wide variety of uses in colorants, polymer additives, reinforced polymers, fine chemicals etc. India’s consumption levels in PA and the above products are still very low compared to other countries, while demand growth has been strong. This project is expected to replace the large imports of PA and drive downstream growth in India.
As MRC wrote before, India’s crude oil imports in June dropped to their lowest level in eight months as refiners cut down processing in the face of a tumultuous second wave of the coronavirus, government data showed. Crude oil imports rose in June by 16.3% to 15.90 million tonnes from a year earlier, but dropped 7.8% from May, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed. “Refiners reduced runs after the COVID-19 cases increased in April-May, which might have contributed to lower imports,” said Refinitiv analyst Ehsan Ul Haq, adding that the nation’s vaccine programme is the key to future demand. “If we don’t see another wave, demand will recover significantly in the fourth quarter of this year."
Thirumalai Chemicals Limited has been a leading producer of phthalic anhydride and derivatives over 45 years; its range of products includes Maleic Anhydride (produced by its subsidiary), food ingredients and fine chemicals. It presently has two manufacturing facilities - in South and West India; its subsidiary in Malaysia operates butane maleic anhydride & derivatives plants. All of these based on TCL’s in-house process technologies and engineering capabilities. The company sells its products primarily in India, South East Asia, Middle East and Europe, with some quantities in North America.
MRC