24 April 2007 12:22 [Source: ICIS news]
According to the Indian government’s brief on the proposed technical tie-up, GSFC would pay Topsoe €8.7m ($11.81m) for the supply of design and engineering services, proprietary equipment and a catalyst.
GSFC plans to set up the 175,875 tonne methanol plant by modifying and revamping an old ammonia unit at its production complex in ?xml:namespace>
A company official earlier told ICIS it would commission a rupees (Rs) 2.59bn ($62.88m) plant at the site by mid-2009.
With its proposed move, GSFC will become the fifth fertilizer company in the country to produce methanol. The four others are Gujarat Narmada Valley Fertilizers, Rashtriya Chemicals and Fertilzsers Limited, Deepak Fertilizers and Petrochemicals Corporation and National Fertilizers Limited.
($1 = €0.74)
($1 = Rs41.19)
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