06 February 2012 03:42 [Source: ICIS news]
NEW DELHI (ICIS)--?xml:namespace>
New PP materials will be available in the market in April, the source said at the sidelines of the 8th PlastIndia exhibition and conference held in
The company’s upstream 9m tonne/year refinery at the same site is expected to be commissioned by March. Construction of the refinery and the PP unit has started, the source said.
Company officials could not be reached for comment.
The PP unit, which will use Novolen gas-phase technology, will produce homopolymer grades including the biaxially oriented PP (BOPP) film, cast film, extrusion, fibre and filaments, injection moulding, raffia, thermoforming and tubular quench (TQ) grades, the source said.
HMEL aims to achieve stable production of all grades by June, the source said.
Other grades like copolymer PP grades may be feasible in the future as HMEL is considering extracting ethylene raw materials from the refinery gases, the source added.
The company plans to market its PP products locally, while export opportunities such as
HMEL is a joint venture between Hindustan Petroleum Corp Ltd (HPCL) and Mittal Energy. Each company holds a 49% stake in HMEL, while the remaining 2% interest is held by financial institutions.
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