Supreme Petrochem plans Rs. 1200 Cr investment to fund expansion plans
01.06.2023 By Sunidhi Gautam - 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.

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