Page 132 - CW E-Magazine (26-3-2024)

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VALUE-ADDED PRODUCTS
HPL subsidiary inaugurates polyethylene wax unit

at Haldia

AdPlus Chemicals & Polymers
Pvt. Ltd., a subsidiary of Haldia Petro-
chemicals Ltd. (HPL), inaugurated its
state-of-the-art zero-waste low mole-
cular weight polyethylene (LMW PE)
wax manufacturing plant in Haldia on
March 11.

This major investment marks the
foray of The Chatterjee Group (TCG)
and HPL into the domain of specialty
chemicals & advanced polymers. PE waxes can be made by direct be removed to avoid a product with low
polymerization of ethylene under spe- fl ash point that can result in fl amma-
The plant was inaugurated by Mr. cial conditions that control molecular bility, migration, equipment build up,
Subhasendu Chatterjee, Vice-chairman, weight and chain branching of the fouling and other safety and process-
HPL, in the presence of other dignita- fi nal polymer. Another method involves ing issues. Volatiles in these un refi ned
ries from various government depart- thermal and/or mechanical decompo- waxes can also account for signifi cant
ments, senior HPL offi cials and AdPlus sition of high molecular weight PE yield loss during processing.
team members. resin to create lower molecular weight
fractions. A third method involves sep- PE waxes have a large variety of
The AdPlus plant is a result of aration of the low molecular weight uses and applications. Their major
extensive in-house innovation and fraction from a production stream of functions in many formulations are to
technology development, and has been high molecular weight polymer. The either provide lubrication and/or pro-
designed as a zero-waste facility with last two methods produce very low vide physical modifi cation of a formula
no effl uent discharge. molecular weight fractions that should by changing viscosity and/or melt point.
CLARIFICATION
Sale of DyStar share to meet payment obligations

to Kiri Dyes: Senda

The DyStar Group has issued a in DyStar’s ongoing business ope- amicably part ways. Mr. Xu Yalin, Man-
statement clarifying that the Singapore rations, and the company is still fully aging Director, and President of DyStar
court’s appointment of receivers over managed and run by its management Group said, “The recent appointment
the enbloc sale of shares in DyStar team. We would like to reassure all of receivers over DyStar’s shares is purely
stems from the inability of one of stakeholders and interested parties that a procedural step aimed at facilitating
its two promoters, China’s Senda, to DyStar is in a strong fi nancial position. an enbloc sale and does not refl ect any
afford the buyout of shares of the In- The company is not experiencing any fi nancial distress within the company.
dian partner, Kiri Dyes, in DyStar and shortage of funds, is cashfl ow self-suf- Our reserves speak to our robust fi nan-
does not indicate any fi nancial chal- fi cient, and does not depend on external cial health, and we are fully committed
lenges within DyStar itself. borrowing,” DyStar said in a statement. to maintaining our operational excel-
lence and serving our customers with
“It is important to emphasize that In essence, the sale is intended to the same level of dedication and quality
this action does not lead to any change enable the disputing shareholders to they have come to expect from DyStar.”

132 Chemical Weekly March 26, 2024

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