12 July 2010 10:34 [Source: ICIS news]
MUMBAI (ICIS news)--India’s Dhunseri Petrochem and Tea plans to more than double the capacity of its polyethylene terephthalate (PET) resin plant in Haldia, West Bengal, to 410,000 tonnes/year, a company source said on Monday.
The project, which would cost around Indian rupees (Rs) 3.7bn ($79.3m), was expected to be completed by March 2012, the source added.
“We are in the process of obtaining the necessary approvals and clearances from authorities,” the source said.
The PET plant currently has a 200,000 tonne/year capacity.
Meanwhile, the company was also proceeding with its project to build a $170m (€134/tonne) PET plant in Egypt.
Dhunseri Petrochem and Tea is an amalgamation of the operations of Dhunseri Tea & Industries Ltd, South Asian Petrochem and Dhunseri Polycarbonate Ltd.
($1 = €0.79 / $1 = Rs46.66)
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