In a bid to bring down increasing costs of inputs, National Aluminium Company (Nalco) is planning to set up a second caustic soda plant within the planned PCPIR (petroleum, chemicals & petrochemicals investment region) hub at Paradip.
The company’s chairman and managing director T K Chand was quoted as saying by Business Standard: “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.”
Stating that they felt they should have their captive caustic soda production, the top official said further: “Our caustic soda plant in Gujarat is in the advanced stage of construction.”
He added: “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.”
Image Credit : energyinfrapost.com