India’s LANXESS subsidiaries get $40m project nod

17 October 2008 10:53  [Source: ICIS news]

NEW DELHI (ICIS news)--India’s Gujarat state has issued environmental approval for a rupees (Rs) 1.95bn ($40m) performance chemicals project in Jhagadia planned by two LANXESS subsidiaries, an official said on Friday.  

 

LANXESS Purification Pvt Ltd (LPPL) planned to invest Rs1.6bn on setting up a 35,000 tonne/year ion exchange resins plant, with a captive 2.6 megawatt power plant, the company said, adding the first phase was expected to come on stream in 2010.

 

LANXESS India Pvt Ltd (LIPL), meanwhile, would set up 7,500 tonnes/year rubber chemicals plant for an investment of Rs350m at the same site, it said, adding it would begin production also in 2010.

 

The project would not require public consultation as the plants would be located on an existing industrial estate, the official said.

 

($1 = Rs48.8)

 

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By: Naresh Minocha
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