India’s Supreme plans $303m styrenics expansion
15 August 2008 17:46 [Source: ICIS news]
NEW DELHI (ICIS news)--Supreme Petrochem Limited (SPL) is to expand its styrenics complex at Amdoshi near Nagothane in the Raigad district of Maharashtra at a cost of Indian rupees (Rs) 13bn ($303m), a government official said on Friday.
The company would expand its existing capacity for general-purpose polystyrene (GPPS) and high impact polystyrene (HIPS) by 100,000 tonnes/year to 372,000 tonnes/year.
The project envisages setting up of 150,000 tonne/year plant for manufacture of acrylonitrile butadiene styrene (ABS) and intermediate styrene acrylonitrile (SAN). It also provides for setting up a 30,000 tonne/year polymer processing unit.
The project includes a 60,000 tonne/year expandable polystyrene (EPS) plant and a 100-megawatt captive power plant.
The company has also proposed to expand polymer masterbatches capacity to 30,000 tonnes/year from the unspecified level.
In 2006, SPL had modified a specialty polystyrene line to produce masterbatches for both polyethylene and polypropylene film and injection moulded products.
The company operates a 17,000 tonne/year compounding and specialty grades polystyrene line at the site.
The official said that the entire project would be implemented with the existing production complex in the next three years and the Maharashtra state government has granted it “mega project status” to provide certain financial and non-financial incentives.
A goverment-constituted committee of environmental experts has asked SPL to prepare an environment impact assessment report on the project.
($1 = Rs42.91)
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