Supreme Petrochem plans Rs. 1200 Cr investment to fund expansion plans
01.06.2023 By Tank Terminals - NEWS

January 6, 2023 [Chemical Industry Digest] – In order to meet increased demand, Supreme Petrochem Limited (SPL), a producer of Styrenics and Expandable Polystyrene (EPS), has  planned a capex of Rs. 1,200 crore.

 

The company is investing capital to increase the Masterbatches, Compounds, and XPS capacities at its Amdoshi Plant, Raigad, Maharashtra. This brownfield expansion for enhancing its polystyrene and expandable polystyrene is complete and is awaiting consent to operate from the State Pollution Control Board.

Meanwhile,  the brownfield expansion in Chennai is almost finished, and it is anticipated that it will be ready for commissioning by the end of November 22.

The company has an agreement for License and Basic Engineering Design with Versalis for Mass ABS, the preferred engineering plastic for use in automobile parts. The basic engineering package for this plant’s first line is currently being created.

With Versalis, the company has signed into a license and basic engineering design agreement for Mass ABS, the preferred engineering plastic for use in automobile parts. The basic engineering package for this plant’s first line is currently being created.

SPL operates two production facilities, one at Amdoshi and Vangani Village near Nagothane in Raigad, Maharashtra and the second at New Manali Town near Chennai in Tamil Nadu.

Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Exclusive: Carlyle in Talks with Potential UAE Partners on Lukoil Assets, Sources Say
02.02.2026 - NEWS
February 02, 2026 [Reuters]- U.S. private equity firm Carlyle ‌has begun exploratory talks with... Read More
Trinidad and Tobago in Talks with Indian Oil to Revive Refinery
02.02.2026 - NEWS
February 02, 2026 [Reuters]- Trinidad and Tobago is in talks with Indian Oil Corp to restart its ... Read More
Exxon CEO Says First LNG at Golden Pass Expected in March
02.02.2026 - NEWS
February 02, 2026 [Reuters]- Exxon Mobil CEO Darren Woods said on Friday the production of liquef... Read More
Exxon Beats Expectations as Record Production Offsets Lower Oil Prices
02.02.2026 - NEWS
February 02, 2026 [Oil Price]- Despite lower oil prices, ExxonMobil booked higher-than-expected e... Read More