Page 136 - CW E-Magazine (22-4-2025)

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Mitsu Chem Plast said it will also
look to deepen its market presence
across key global regions like Middle
East & North Africa, Europe, US and
Asia.

Commenting on the growth targets,
Mr. Jagdish Dedhia, Chairman of Mitsu
Chem Plast said, “Setting our sights on
the Rs. 1,000-crore milestone by 2028
is a natural extension of Mitsu Chem
Plast’s 35-year legacy of innovation
and customer focus. This ambition isn’t
just about scaling revenues it’s about
deepening our impact in the healthcare
products, where Furnastra’s advanced
polymer solutions can improve patient
care worldwide.

To get there, we are doubling down
on our four growth pillars: driving
operational effi ciency through lean,
waste-free processes; executing data- empowering our people with conti- sustainable manufacturing practices –
led marketing to forge stronger cus- nuous learning and accountability. minimising our carbon footprint, con-
tomer relationships; selecting products serving resources and embracing
with rigorous scientifi c validation; and All of this will be underpinned by circular-economy initiatives.”

MARKET REPORT
India to account for half of global benzene capacity

additions through 2030: Report

India is set to dominate global Ms. Nivedita Roy, Oil and Gas of 1.60-mtpa. The plant is anticipated
benzene capacity growth by 2030, Analyst at GlobalData, said, “Benzene is to commence benzene production in
accounting for nearly half of the world- widely used in the automotive and manu- 2030.
wide planned additions. Backed by facturing industries, where it serves as
strong demand from the automotive a raw material for producing synthetic The second highest capacity addi-
and manufacturing sectors, the country rubber, plastics, and other chemicals tion in the country is from Haldia Petro-
is expected contribute about 46% of the used in various automotive components chemicals’ Cuddalore benzene plant.
total capacity additions from upcom- and manufacturing processes.
ing planned and announced projects The plant is expected to begin ope-
through 2030, according to a new re- Driven by the growth of these rations in 2029 with an annual produc-
port from GlobalData, a leading data industries that heavily rely on benzene- tion capacity of 0.68-mtpa.
and analytics company. derived products, the Indian market is
experiencing a substantial increase in Nayara Energy’s Vadinar plant and
As per the report, reveals that India demand.” BPCL’s Bina facility represent other
is likely to witness total benzene capa- signifi cant capacity additions with
city additions of 3.29-million tonnes per The highest capacity addition is 0.50-mtpa and 0.30-mtpa, respectively.
annum (mtpa) during 2025 to 2030 from expected from Reliance Industries’ Jam- Both the plants are expected to come
two announced and fi ve planned projects. nagar benzene plant 3 with a capacity online in 2028.

136 Chemical Weekly April 22, 2025

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