Page 130 - CW E-Magazine (26-11-2024)

Top Stories

PROJECT UPDATE

Deepak Nitrite arm announces Rs. 5,000-crore out-

lay for polycarbonate project in Dahej; to relocate

Trinseo’s facility from Germany

Deepak Chem Tech Ltd. (DCTL), scale capacities and formidable brand
a wholly-owned subsidiary of Deepak credibility, opens up a new horizon of
Nitrite Ltd., has announced its board’s opportunities in the Advanced Materials
approval to undertake the project for front”.
manufacturing polycarbonate (PC) res-
ins involving an investment of around A press statement from Trinseo,
Rs. 5,000-crores including greenfi eld valued the combined agreements at
infrastructure capex, subject to comple- $52.5-mn. The company said it expects to
tion of detailed engineering. PC is a natural choice to begin the receive approximately $9-mn by the end
downstream integration in phenolics of 2024 and an additional approximately
The company will license the PC value chain and aligns with Deepak’s $21-mn in the fi rst half of 2025, subject
technology from American engineered strategy to become an integrated manu- to key milestones. With this disposition
polymers fi rm, Trinseo. It will also facturer of PC from the basic building of the manufacturing assets in Stade,
acquire Trinseo’s manufacturing assets, blocks of benzene and propylene. Trinseo has decided to exit the site.
including all proprietary equipment,
having an annual capacity of 165,000 Commenting on the development, “While Trinseo recently announced
metric tonnes (mt) which are presently Mr. Deepak Mehta, Chairman and its decision to exit virgin polycarbonate
located at Stade, Germany. The agree- Managing Director of Deepak Nitrite said, production, our PC technology is highly
ment also provides access to Trinseo’s “This historic collaboration between valued and the manufacturing equip-
Calibre resins and trademark. DCTL and Trinseo opens up strategic ment in Stade, can be utilised in India by
opportunities for both the companies Deepak,” said Mr. Frank Bozich, Presi-
Trinseo will support the asset trans- to explore partnerships in downstream dent and CEO of Trinseo. “These are the
fer to DCTL and operationalising the compounds as well as complimentary initial steps of a strategic, collaborative
same, and Deepak is targeting to com- technology tie-ups to service India’s partnership with Deepak, as we explore
mission manufacturing at a greenfi eld burgeoning appetite for high quality additional opportunities to leverage our
site at Dahej, Gujarat, by fourth quarter engineering polymers. The tagline of technology portfolio and expand in higher-
of FY 2028. ‘Made in India’ coupled with world growth areas such as India,” he added.

PC is a versatile engineering poly- Arvinder Singh Sahney takes over as IOC
mer fi nding extensive applications in Chairman
automotive, electronics & electrical,
construction, appliances, medical Mr. Arvinder Singh Sahney has been Chairman after the completion of tenure
devices, and other sunrise sectors. PC appointed as Chairman of Indian Oil of Mr. S. M. Vaidya. A chemical
resins are currently not manufactured Corporation (IOC) from November 13. engineer, the 54-year-old Sahney has
in India He has been associated with IOC since extensive experience from working at
1993 and has held key positions across fi ve of IOC’s nine refi neries. He was in-
“Domestic production, along with various functions. strumental in commissioning and opti-
Calibre resins’ established credibility mising key refi nery units, including the
will support an accelerated approval Prior to the appointment, he was 15-mmtpa Paradip refi nery. Mr. Sahney
cycle for new and existing consumers petrochemical vertical head of IOC. also chairs Terra Clean, a wholly owned
in India where annual imports already Mr. Sahney has taken over from Direc- subsidiary focused on sustainable solu-
account for more than 240,000-mt,” tor (Marketing) Mr. V. Satish Kumar, tions and is a Director at IndOil
DCTL said in a press note. who was holding additional charge as Montney, Canada.

130 Chemical Weekly November 26, 2024

Contents Index to Advertisers Index to Products Advertised