Page 150 - CW E-Magazine (17-9-2024)

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FUTURE PROSPECTS end of two-day ‘Chintan Shivir’ held in “Policy changes at frequent inter- Mr. Binod Anand, Vice Chairman of
the memory of the late Mr. Sharad Joshi vals harm farmers the most and hence, AIKCC, spoke about the strategic need
Indian agrochemical exports likely to cross in New Delhi recently, Mr. Bhupinder it is important to maintain policy for India to retain sovereignty over its
Singh Mann, Chairman of AIKCC said, consistency. This will help in boosting agricultural data. He warned against
Rs. 80,000-crore in four years: Report “More than 60% of our population is agri-exports as well,” he added. outsourcing data management to foreign
dependent on agriculture for their liveli- corporations, stressing that India must
India’s agrochemical exports could hood. Many a times there is a confl ict The ‘Chintan Shivir’ brought to- control its own agricultural future. He
exceed Rs. 80,000-crore in the next between centre and the state on vari- gether policymakers, technocrats, and also pushed for the creation of a national
four years, according to a knowledge ous issues, but most of the states do not farming leaders to examine the current agriculture value chain policy that would
paper released at the 7th AGM of Agro have an agriculture policy on their own. challenges and opportunities in Indian provide a fair market environment for
Chem Federation of India (ACFI). There is a dire need for state govern- agriculture, with an emphasis on tech- farmers, ensuring that they receive the
ments to formulate a policy”. nological innovation and policy reform. rightful Minimum Support Price (MSP).
Industry leaders who spoke at the
AGM stated that this growth can come PROJECT UPDATE
about if the government focuses on
facilitating a conducive environment EET Fuels appoints Toyo-India for industrial carbon
which includes streamlining licencing
norms, improving infrastructure for capture project
storage and sale, incentivising biopes- ing the AGM, Mr. Parikshit Mundhra, ative has the potential to transform
ticide production, streamlining regi- Chairman, ACFI, said, “The reliance India’s agrochemical industry into EET Fuels (the trading name of completion, project de-risking, detailed HyNet industrial decarbonisation clus-
stration process for new molecules, on generic molecules, low agrochemi- a global manufacturing and export Essar Oil (UK) Ltd.), which plans to create costing analysis, and other vital work. ter in the North West of England.
entering trade agreements with coun- cal usage, the complex registration powerhouse. the world’s leading low carbon process Completion of FEED will enable the
tries with more relaxed MRL norms, process for new molecules and heavy refi nery, has progressed to the front-end company to make the fi nal investment The ICC project is expected to
introducing PLI-like scheme to attract dependence on imports are some of the “As the fourth-largest producer of engineering design (FEED) stage of its decision (FID) on the ICC project. capture 1-million tons of CO per year,
2
investment from global players and challenges that must be transformed agrochemicals globally, India faces a industrial carbon capture (ICC) project. removing around 45% of all Stanlow
reducing GST from 18% to 5%. into opportunities through the ‘Make in paradox: while it holds signifi cant pro- Upon completion (expected in emissions. The project has applied
India’ initiatives.” duction capacity, it still imports signi- The company has appointed Toyo 2028), the ICC project will capture for the right to negotiate with the UK
The knowledge paper, jointly pre- fi cant quantities of agrochemicals, pri- Engineering India Pvt. Ltd. (Toyo- carbon dioxide emitted from Stanlow Government for a revenue support
pared by ACFI and EY, highlighted that Industry experts like Mr. Parikshith marily from China. The ‘Make in India’ India) (100% subsidiary of Toyo Engi- refi nery’s full-residue fl uid catalytic mechanism as part of the Department
the introduction of PLI incentives for Jhaver, Founder & Promoter, Tagros initiative provides a timely framework neering Corporation, Japan) a lead- cracking (FCC) unit – one of Europe’s of Energy Security and Net Zero’s
agrochemicals could boost investments Chemicals; Mr. Rajesh Aggarwal, MD, to transform these challenges into ing engineering, procurement and largest units. Leveraging Stanlow’s Track One expansion programme in
by around Rs. 10,000-15,000-crore in Insecticides India, Mr. Ankur Agarwal, opportunities, enabling India to become construction company, to carry out the unique location, the captured carbon the carbon capture, usage, and storage
the next fi ve years. MD, Crystal Crop Protection; and a global manufacturing and export hub FEED phase – an integral part of the dioxide will use a repurposed existing (CCUS) cluster sequencing process.
Mr. Maulik Mehta, CEO, Deepak Nitrite for agrochemicals,” said Dr. Kalyan project management process. gas transportation network and be per- Confi rmation of the date for the fi nal
Speaking at a panel discussion dur- reiterated that the ‘Make in India’ initi- Goswami, Director General of ACFI. manently sequestered into depleted gas investment decision will be part of this
Toyo-India will oversee design fi elds in Liverpool Bay, as part of the process.
CALL FOR ACTION
ENSURING CIRCULARITY
Farmers body calls on states to formulate farmer-
Race Eco Chain, Ganesha Ecosphere form jv
friendly agriculture policy
to recycle plastic
The All India Kisan Coordination
Committee (AIKCC) has called upon the Race Eco Chain, a leading plastic fl akes, thereby signifi cantly reducing Race Eco Chain will hold a 51 per-
Central Government to urge various State waste management company, has joined plastic waste and fostering a circular cent equity stake and Ganesha Eco-
Governments to formulate a comprehen- hands with PET recycler Ganesha economy. sphere will own a 49 per cent stake. The
sive ‘agriculture policy’ in the interest Ecosphere, to form a joint venture – new company will become a subsidiary
of farmers. It also urged policy makers Ganesha Recycling Chain. The board of directors of Race of the Race Eco Chain. The govern-
at both centre and state level to maintain has provided in-principle approval to ment has stipulated that packaging
policy consistency for a minimum period. The new company aims to launch enter into the jv deal with Ganesha must contain 30 percent recycled
numerous washing lines across India Ecosphere. The jv agreement is yet plastic by 2025-26, increasing to 60
Addressing a press conference at the to transform PET bottles into reusable to be fi nalised and executed. percent by 2028-29.

150 Chemical Weekly September 17, 2024 Chemical Weekly September 17, 2024 151

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