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

Linked Terminals

BP Halts Plans to Make Clean Jet Fuel at Spain Plant, Bloomberg News Says
04.09.2025 - NEWS
April 09, 2025 [Reuters]- BP has decided to halt plans to produce clean jet fuel at its Castellon... Read More
Angola's Sonangol Seeks $4.8 Billion to Bridge Lobito Refinery Funding Gap
04.09.2025 - NEWS
April 09, 2025 [Reuters]- Angola’s Sonangol is in talks with Chinese and European banks to ... Read More
Oil Falls to Lowest Since February 2021 as Trump's Tariffs Take Effect
04.09.2025 - NEWS
April 09, 2025 [Reuters]- Oil prices fell for a fifth day on Wednesday to their lowest since Febr... Read More
Saudi Aramco, Sinopec to Expand Yasref Petrochemicals Complex
04.09.2025 - NEWS
April 09, 2025 [Reuters]- Saudi Aramco has signed a deal with China’s Sinopec to expand a p... Read More