22 June 2012 07:43 [Source: ICIS news]
Robust economy and rising population will propel higher chlor-alkali consumption, Rajesh Deshpande, from Finolex Industries, said.
Indian economy is expected to grow by 7% in 2012, while low levels of current per-capita chlor-alkali consumption suggest a “huge potential” for chlor-alkali growth and an excellent opportunity to produce chlorine derivatives, he added.
Besides, government-driven incentives are expected to boost competitiveness.
For instance, state intervention on import duty on coal imports is expected to help the industry produce power at competitive prices.
Other drivers of growth in the chlor-alkali industry in
Caustic soda plant utilisation rates have increased steadily since the credit crunch hit in 2008: 74% in 2009-2010, 76% in 2010-2011 and 82% in 2011-2012.
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