Page 139 - CW E-Magazine (12-12-2023)

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GROWTH STRATEGY PROJECT MILESTONE
PCBL to buy Aquapharm Chemicals for GNFC commissions CNA plant-based on KBR’s

Rs. 3,800-crore; inks JV with Australian fi rm for bat- technology

tery applications Engineering and technology com- KBR’s commitment to delivering cut- design and equipment for the plant to

pany, KBR, has marked a milestone in its ting-edge, environmentally responsible produce 98.5% CNA, primarily for the
PCBL Ltd., formerly Philips Carbon Mangwani, Mr. Dharmesh Mangwani, Saudi Arabia, managing overseas plants partnership with Gujarat Narmada Ferti- solutions while also contributing to the Indian market.
Black Ltd., and a leading player in Mr. Nitin Raojibhai Desai and other through subsidiaries. Aquapharm had lizers & Chemicals Ltd. (GNFC) with the global drive for circular industrial prac-
carbon black and speciality chemi- shareholders of ACPL, for undertaking a consolidated turnover of Rs. 2,008. successful commissioning of its second tices,” KBR said in a press release. “I am proud of our continued rela-
cals, is set to acquire 100% stake in the proposed transaction, subject to 8-crore in 2022-23. plant using KBR’s proprietary Magnac tionship with GNFC and the successful
Pune-based speciality chemicals com- inter alia obtaining all necessary app- concentrated nitric acid (CNA) techno- All four of GNFC’s CNA plants commissioning of this facility demon-
pany, Aquapharm Chemicals Pvt. Ltd. rovals and fulfi lment of other customary JV deal with Australia’s Kinaltek logy, in Gujarat. The plant, designed for a are operated using KBR’s nitric acid strates the competitiveness and reliabi-
(ACPL), for a total consideration of conditions, as per the terms and condi- In another development, PCBL throughput capacity of 150-tpd of CNA, concentration processes, Magnac and lity of our environment friendly fertilizer
Rs. 3,800-crore. tions specifi ed in the SPA,” the com- said it has received board approval for utilizes sustainable technologies, which Nacsac, producing CNA from fresh, and chemical technologies,” said Mr.
pany said in a release. entering into a joint venture (JV) with recycle process water without treatment, weak nitric acid (WNA). Doug Kelly, KBR President, Techno-
The fi nancing for this acquisition, Australia’s Kinaltek Pty. Ltd., to expand and are proven to improve energy effi - logy. “KBR’s Magnac nitic acid concen-
contingent upon the agreed adjustment, PCBL has entered the global spe- into the growing battery applications ciency and reduce emissions. In 2019, KBR was awarded this tration technology is preferred by our
will be sourced from a combination of ciality segments of water treatment market. technology contract by GNFC to pro- clients as it enables them to achieve their
internal accruals and external fundrais- chemicals and oil & gas chemicals “This achievement showcases vide the license, proprietary engineering ESG objectives.”
ing by the company and its affi liates, through this acquisition, according to The company will own 51% in INVESTMENT
the Kolkata-based RP-SG Group com- the company. the JV and will infuse $16-mn into
pany said in an exchange fi ling. it, besides a commitment to infuse up Odisha Govt. approves green hydrogen, ammonia
ACPL is among the top three to $28-mn in stages, for setting up a
“In furtherance of such approval, globally in its sector, specialising in manufacturing facility. The project will and methanol projects, amongst others
the company has executed a share the manufacturing of water treatment be fi nanced through a mix of internal
purchase agreement (SPA) dated 28 chemicals. The company operates manu- accruals and external fund raise by the Odisha Chief Minister, Mr. Naveen Pvt. Ltd. has got the nod to establish a 300-ktpa for green methanol, at an
November 2023 with ACPL, Mr. Vimal facturing facilities in India, the US, and company. Patnaik has approved 12 key projects, 0.72-mtpa green ammonia manufactur- investment of Rs. 9,000-crore.
including for the manufacture of green ing unit in Gopalpur, Ganjam district,
PROJECT UPDATE hydrogen, ammonia and methanol. The with an investment of Rs. 13,000-crore Aegis Vopak has received approval
IOC raises Panipat refi nery expansion cost by 10%; 12 projects, with a cumulative invest- and the potential to generate employ- to establish a greenfi eld tank storage
facility for liquid ammonia (80-ktpa)
ment intent of Rs. 84,919-crore, are
ment for 1,250 individuals.
pushes completion deadline by a year said to have potential employment Welspun New Energy Ltd. has in Gopalpur, Ganjam district, with an
opportunities for 42,281 people.
investment of Rs. 1,000-crore and an
received the nod to set up a 0.70-mtpa employment potential of 100. Aegis
Indian Oil Corporation (IOC) has the project from September 2024 to to improve operational fl exibility of the The investment proposals include green ammonia manufacturing unit in Vopak is a joint venture between two
revised the estimates of cost of expanding December 2025. refi nery to help meet domestic energy the manufacture of green hydrogen, Kendrapada district with an investment logistics companies – Dutch Royal Vopak
the Panipat refi nery in Haryana by 10% demand, the Panipat capacity expan- green ammonia, green methanol, plas- of Rs. 13,860-crore, which will gene- and the Aegis Group. It operates a net-
to Rs. 36,225-crore and pushed back its Besides expanding the capacity to sion project would increase production tics processing, steel, power & renew- rate employment for 1,000 individuals. work of 11 terminals across fi ve stra-
completion deadline by more than a year turn crude oil into value-added fuels of petrochemicals and value-added spe- able energy, apparel and textiles, and tegic ports along the east and west
to December 2025. IOC is expanding its such as petrol, diesel and ATF, IOC is cialty products to elevate margins and were approved at the High-Level ReNew E-Fuels Pvt. Ltd. (REFPL) coasts of India.
15-mtpa refi nery, about 100-km north of also setting up a polypropylene (PP) derisk IOC’s company-wide exposure Clearance Authority (HLCA) meeting has also got approvals for investment
New Delhi, to 25-mtpa. unit and a catalytic dewaxing unit for to its conventional fuel business via chaired by the Chief Minister recently. in two green hydrogen and two green Sintex BAPL, Welspun’s wholly-
base oil production. addition of new units at the integrated The projects will be located across methanol plants: owned subsidiary, has received the nod
In a stock exchange fi ling, the fi rm olefi ns and aromatics complex. the State in the districts of Cuttack,  In Malkangiri district, with capacity for setting up a manufacturing unit for
said its board has approved revision In August, the company had awarded Dhenkanal, Ganjam, Jajpur, Jharsuguda, of 100-ktpa for green hydrogen and CPVC, UPVC, PVC fi ttings and plastic
in cost of the project for capacity a contract to McDermott. International IOC’s Phase-2 naphtha cracker unit Kendrapada, Malkangiri, Rayagada, 500-ktpa for green methanol, at an tanks in Sambalpur district.
expansion of Panipat Refi nery from Ltd. to provide a suite of services for (NCU) expansion project is expected to Sambalpur and Sundargarh. investment of Rs. 10,005-crore;
Rs. 32,946-crore to Rs. 36,225-crore and further expansions of olefi ns and poly- increase ethylene production capacity  In Rayagada district, with capacity Construction timelines for the pro-
revision in completion schedule of mers production at Panipat. Designed by around 20 per cent. Sembcorp Green Hydrogen India of 60-ktpa for green hydrogen and jects have not been mentioned.

138 Chemical Weekly December 12, 2023 Chemical Weekly December 12, 2023 139

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