Chennai-based Tamilnadu Petroproducts (TPL), the petrochemicals arm of AM Worldwide Group, is increasing its manufacturing divisions at an funding of Rs 435 crore. These embrace capability augmentation of Linear Alkyl Benzene (LAB) division, revamp of caustic soda services and organising a Propylene restoration unit (PRU). TPL has its plant at Manali in Tamil Nadu that homes totally different divisions.
The LAB capability can be elevated from 1.2 lakh TPA to 1.45 lakh TPA at an estimated value of Rs 240 crore. The challenge can be commissioned in about 24 months. The corporate will make investments Rs 165 crore to modernise the caustic soda and chlorine unit by changing the mono-polar membrane know-how with a extra superior bipolar membrane know-how.
On completion in about 18 months after required approvals, the manufacturing capability for caustic soda unit will go as much as 250 tonne per day from the present 150 tonne. At the moment worth ranges, extra income of about 70% is anticipated from the challenge, with improved or larger worth addition, the corporate mentioned in an announcement.
The PRU, first of its type in India by a personal sector participant within the non-refining sector, would contain an outlay of about Rs 30 crore. This can be arrange in the identical PO manufacturing complicated, saving important trucking and vitality prices. Propylene, a bulk chemical intermediate, is the uncooked materials for Propylene Oxide and is derived from LPG.
TPL is in superior talks with numerous home and worldwide distributors for LPG for the challenge. The challenge, know-how of which has been developed in-house by the corporate’s R&D group of engineers and environmental scientists, can be applied in 12-18 months.
Ashwin Muthiah, vice-chairman, TPL & founding chairman, AM Worldwide, mentioned, “TPL would be the first Indian non-refining firm within the non-public sector to construct a propylene restoration unit plant. It exhibits our dedication to carry manufacturing efficiencies by steady upgrading and introducing state-of-art know-how options. It’s in keeping with our group philosophy to maximise margins by introducing course of effectivity and worth additions.”
In adherence to the group’s philosophy of optimum leverage, a big a part of the enlargement can be funded by way of inner sources and the remaining by means of different sources. TPL is a three-decade previous LAB producer and has services for manufacturing of heavy chemical substances and Propylene Oxide additionally.
Ravi, Group CEO- petrochemicals, AM Worldwide, mentioned, “The tasks would make the nation self-reliant on this phase by assembly the home demand.”