Manali Petrochemicals’ board has approved a proposal for manufacture of Polyester Polyol at an estimated cost of Rs 40 crore, to be implemented in 2 phases, with approximate total capacity of about 9,000 MTPA of which around 90% would be utilized. The funds requirement would be met through internal resources.
The production in the first phase would primarily meet the in-house requirements of the company and also cast elastomers of Notedome in India and UK. The balance quantity available will be sold in the domestic market and potential for exports also exist. The project is scheduled to be implemented over the next two years and is expected to strengthen the product portfolio and further provide higher value addition to the company.
Manali Petrochemicals (MPL) is a leading petrochemical manufacturer based in Chennai, India. It markets propylene glycol and polyols.
