26 January 2011 13:54 [Source: ICIS news]
The $7m (€5.1m) plant, the first acrylamide facility in
The companies did not disclose any financial details about the deal.
Black Rose Industries said that the project was currently in the engineering and procurement stage and was expected to begin commercial operations in January 2012.
“We believe this will provide key support to the rapidly developing acrylamide-based polymer industry in
“We plan to increase production of the monomer solution from 10,000 tonnes/year to 20,000 tonnes/year in the first year and then phase-wise to 40,000 tonnes/year by 2015,” he added.
Jatia said the company was targeting acrylamide sales of $55m by 2015.
Mumbai-based Black Rose Industries is a producer and distributor in the business areas of chemicals, textiles and renewable energy.
($1 = €0.73)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections