The Union government has granted environmental clearance to Kem One Chemplast Private Limited’s petrochemical based processing plant in Puducherry.
In a letter to the company, the government said the Ministry of Environment, Forests and Climate Change has examined the application.
Total plot is 24159.0 square metre out of which greenbelt will be developed on 7900 square metre land. Total cost of project is Rs 325 crore. Proposed project will provide employment to 100 persons.
A few months ago, Chennai-based Chemplast Sanmar, one of the leading polyvinyl chloride (PVC) manufacturer in India, formed a joint venture with French fim Kem One to set up a manufacturing facility for chlorinated polyvinyl chloride (CPVC) in Puducherry.
With the JV, called Kem One Chemplast, the growing demand for CPVC, a widely used material in building and construction sector, in the country, will be met.