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Nouryon and Atul receive environmental clearance to expand MCA production in India

October 22/2020

MOSCOW (MRC) -- Anaven, a joint venture of Nouryon and Atul, has received the environmental clearance for its 32,000 metric tons monochloroacetic acid (MCA) plant in Gujarat, India, said Chemweek.

Construction is due to be completed this year to supply MCA to the Indian market by the end of the year. Rob Vancko, Nouryons Head of MCA and Chairman of Anaven, said: Our partnership with Atul will ensure we can efficiently meet growing demand from customers in India, supporting Nouryons ambition to grow in targeted end markets such as agriculture, cleaning, and personal care, particularly in emerging markets."

Sunil Lalbhai, Chairman and Managing Director of Atul said: We are happy to receive the clearance to expand production of MCA, an essential ingredient for the growing Indian agricultural, personal care and pharmaceutical markets. We are on track to complete construction, testing and commissioning of the facility built using the world-class technology from Nouryon this year and expect to reach full production capacity in the first half of 2021. The 50-50 joint venture will become the largest MCA plant in India. It will use chlorine and hydrogen manufactured by Atul to produce up to 32,000 metric tons of MCA per year, with the possibility to expand this to 60,000 metric tons per year in the future.

Atul will consume a portion of the MCA directly in its own production and the balance will be supplied to the Indian market. Nouryon is the leading global technology player in MCA. The company operates plants in the Netherlands, China, and Japan, supplying to customers who use it to produce crop protection products, cleaning and personal care products, pharmaceuticals, thickening agents for food, oil drilling, mining, and cosmetics.

Atul Ltd is currently trading at Rs5,901 down by Rs25.75 or 0.43% from its previous closing of Rs5,926.75 on the BSE. The scrip opened at Rs5,961 and has touched a high and low of Rs5,990 and Rs5,900 respectively.

As MRC wrote previously, in February 2019, Nouryon (formerly AkzoNobel Specialty Chemicals) announced that it  would license its innovative continuous initiator dosing (CiD) technology to Karpatnaftochim, Ukraines largest polyvinyl chloride (PVC) producer. Nouryons patented CiD technology allows PVC producers to increase reactor output by up to 40 percent, improve product quality, and make the production process intrinsically safer - all with minimum capital expenditure.

According to MRC's ScanPlast report, Russia's overall PVC production totalled 718,500 tonnes in January-September 2020, down by 0.3% year on year. At the same time, only two producers managed to increase their PVC output.
Author:Anna Larionova
Tags:petroleum products, PVC, EPVC, SPVC, petrochemistry, Nouryon.
Category:General News
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