Page 139 - CW E-Magazine (16-1-2024)

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POLYMERS
CIPET invites nominations for petrochemicals

innovation awards

The Central Institute of Petrochemi- develop and maintain the petrochemi-  Polymer waste management;
cals Engineering & Technology (CIPET), cal industry as a globally competitive  Petrochemicals and new polymer
in association with the Department industry using eco-friendly processes applications;
of Chemicals and Petrochemicals, and technologies.  Polymer science & technology (for
Government of India, is inviting research students); and
applications for the fi rst ‘Petrochemi- The awards will be given in two  Innovative start-up venture in the
cals Research and Innovation and Com- categories: polymer fi eld.
mendation’ to felicitate meritorious Category I: Research and Innova-
innovations and inventions in the fi eld tion in Polymers Category II: Application of polymers
of petrochemicals, products, processes  Polymeric materials and products;  In agriculture and water conservation;
and other areas of national and social  Green polymeric materials and  In medical and pharmaceutical
importance. products; applications; and
 Packaging techniques, including  Polymers in other fi elds.
The scheme is also intended to creative design;
enhance innovative capacities to a level  Polymer processing machinery, To apply visit: https://chemicals.gov.
of international recognition, and to equipment, robotics and automation; in / https://www.cipet.gov.in.
EXPANSION
Fineotex Chemical acquires additional land

at Ambernath site

Fineotex Chemical Ltd., a Mumbai-
based manufacturer of speciality chemi-
cals used in textiles and FMCG pro-
ducts, has announced that its subsidiary
FSPL Specialities Pvt. Ltd. (formerly
known as Fineotex Specialities Pvt. Ltd.)
has acquired additional factory land
premises at its existing site in Ambernath
MIDC, Thane, Maharashtra.

The seven-acre factory land,
acquired from Huhtamaki India Ltd. for
a consideration of around Rs. 35-crore,
funded by internal accruals, is part of
the company’s brownfi eld expansion
plan.

The company’s existing Ambernath malities such as registration, transfer demands in the existing speciality
plant has the capabilities to manufac- of the said factory/plant premises and performance chemical product line
ture products for both textile chemical the possession has been taken with catering to textile, home care, cleaning,
and cleaning & hygiene segments. effect from 29th December, 2023 hygiene and drilling applications,”
onwards. This plant will primarily the company informed in a stock
“We have completed all legal for- cater to meet customers’ growing exchange fi ling.

138 Chemical Weekly January 16, 2024 Chemical Weekly January 16, 2024 139

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