India’s Thermax to set up specialty chems units at Jhagadia

14 April 2009 15:55  [Source: ICIS news]

NEW DELHI (ICIS news)--India’s Thermax plans to set up two specialty chemicals units at different locations at Jhagadia, in Gujarat state, at a total cost of Indian rupees (Rs) 1.05bn ($21m), a government official said on Tuesday.

The plan would see the company set up a Rs864m ion exchange resins plant with a capacity of 1,170 cubic metres/month, the official said.

The plant would produce three by-products: 521 tonnes/month of spent sulphuric acid, 137 tonnes/month of hydrochloric acid and 24 tonnes/month of polymers spherical dry beads.

The official said the company is in the process of securing environmental approval for the unit.

The government last month granted the company clearance for another specialty chemicals unit at Jhagadia, which would produce 1,880 tonnes/month of paper chemicals, oilfield chemicals and certain performance chemicals.

The company would invest Rs190m in this project.

The company’s chemicals division operates a 34,890 tonne/year capacity at Paudh, near Pune, in Maharashtra state, which produces ion exchange resins, specialty polymers, fuel and water treatment chemicals, and oilfield chemicals.

Thermax is a diversified engineering equipment and services company. 

($1 = Rs49.80)

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By: Naresh Minocha
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