Meghmani Finechem has decided to set up project of Epichlorohydrin, capacity 50,000 tonnes per annum which will be based on TechnipFMC's EPICEROL technology.
Epicerol technology is based on glycerine as feed stock which is obtained from 100% renewable resources. This proven technology is of great interest to downstream users who are concerned about a cost-effective production route whilst taking advantage of an abundant renewable feedstock to reduce their carbon footprint. Project will be set at Chlor Alkali and Derivatives Complex, Dahej.
The project will be setup with Capex of around Rs. 275 crore and is expected to generate revenue of approximately Rs.460 crore per annum at optimum operating rate. This move is a step forward in the strategy of integration and value addition.
Meghmani from June 2021 (Q2), will meet the growing demand of ECH in domestic market from their Dahej plant. The company has already moved forward in growth oriented directions since last five years and have already setup plants of Caustic Potash and Chloromethanes, further project in advance stage is manufacturing of Hydrogen Peroxide which is likely to go on stream in current financial year 2019-20.
Meghmani Finechem will be the first to manufacture Epichlorohydrin in India. Currently, this product is imported entirely for the domestic consumption.
The plant will be set to serve the rapidly growing Epichlorohydrin market in India. Epichlorohydrin is an essential feedstock for the production of epoxy resins, which is increasingly used in various applications including corrosion protection coatings in Industrial, automotive, packaging. Beside protective coatings, Epoxy resin is used in Composites which has major application in Aerospace, Wind mill and automotive Industries. it is also used in adhesive, elastomers, paper and textile industry as sizing agents and other specialty uses.
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