16 April 2008 17:12 [Source: ICIS news]
NEW DELHI (ICIS news)--Sebacic India Limited (SIL) has proposed to set up a castor oil-based oleochemicals project at Padra near Vadodara in Gujarat state at a cost of Indian rupees (Rs) 550m ($13.8m), a source close to the project said on Wednesday.
It would have capacity to produce 10,020 tonnes/year of sebacic acid, which is used in manufacture of polymers, pharmaceuticals, cosmetics and aviation lubricants.
SIL is a start-up company promoted by a chemical engineer with 25 years of diverse experience in chemicals sector. The company is the process of securing environmental approval for the project after which it is expected to finalise implementation schedule.
($1 = Rs39.95)
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