This will be the world’s largest single-site CPVC plant, producing 100,000 metric tons (MT) of resin. CPVC is a thermoplastic material essential for many industries, used in water delivery pipes and industrial liquid handling.
“The project implementation plan is under finalisation, and we will share the further developments including commissioning timelines in due course,” it added.
On October 30, 2020, the two companies announced the plans to launch the initial phase of the plant in 2022, but it was postponed due to the coronavirus pandemic.
Lubrizol, a subsidiary of Berkshire Hathway Inc, is the inventor and largest manufacturer of CPVC resin and CPVC compounds globally.
With this investment to supply resin to its existing compounding plant in Dahej, Gujarat, Lubrizol will become the only company in India with end-to-end CPVC capability.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.