Visibly worried over soaring costs of inputs, National Aluminium Company (Nalco) is contemplating a second caustic soda plant within the planned PCPIR (petroleum, chemicals & petrochemicals investment region) hub at Paradip.
Nalco already has a joint venture with Gujarat Alkalies & Chemicals Ltd, a Gujarat government company, to set up a caustic soda plant at Dahej with a cost of Rs 1800 crore. The caustic soda projects would cocoon Nalco from volatile caustic soda prices, said T K Chand, the company’s chairman and managing director.
“At Nalco, we felt we should have our captive caustic soda production. Our caustic soda plant in Gujarat is in the advanced stage of construction. We are also planning one more caustic soda plant at Paradip PCPIR and if IOC (Indian Oil Corporation) gives ethylene, we will set up the plant. Discussions are on for this project and some decisions might be taken on January 5 when Union petroleum minister visits Odisha”, he said. Read more…
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