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

Petronas and Japan's ENEOS Xplora Agree on 10% Stake in Malaysia LNG Plant
04.30.2026 - NEWS
April 30, 2026 [Reuters]- Malaysia’s state energy firm Petronas said it has signed definiti... Read More
Valero Energy Beats Profit Estimates on Strong Refining Performance
04.30.2026 - NEWS
April 30, 2026 [Reuters]- U.S. refiner Valero Energy surpassed Wall Street expectations for first... Read More
PetroChina's First-Quarter Profit Up on Growing Gas and Fuel Sales
04.30.2026 - NEWS
April 30, 2026 [Reuters]- PetroChina, Asia’s largest oil and gas producer, posted a 1.9% ri... Read More
BP Signs Agreement with Venezuela to Develop Offshore Gas Fields
04.30.2026 - NEWS
April 30, 2026 [Reuters]- BP will develop Venezuela’s Cocuina-Manakin gas field, on the mar... Read More