Assam Petrochemicals Ltd plans to implement methanol-acetic acid plant

11-Mar-13

To cope with the ever-increasing demand for methanol, the Assam Petrochemicals Ltd (APL) plans to implement its long-cherished 500 TPD new Methanol expansion -200 TPD Acetic Acid project in the existing location of the factory investing a total capital outlay of Rs. 1028 crore, as per Assam Tribune. Most of the preparatory works of the project has been completed- engagement of Tata Consulting Engineers Ltd for PMC Services, selection of Engineers Ltd. New Delhi (with technology supply from Haldor Topsoe) for LEPCM contract for 500TPD Methanol plant etc. The Oil India Ltd has already agreed to supply the required 0.5 MMSCMD natural gas to APL’s new projects. The final confirmation of equity participation has already been given by the Government of Assam and the Assam Gas Company. The confirmation of equity participation from the Oil India Ltd is expected soon. The project has received due approval for implementation from the Government of Assam. State Bank of India which has already been selected as the lead banker by the company, has obtained more than the required amount of term loan for final sanction from various banks. The Public Hearing for environmental clearance has been successfully done and final environmental clearance of the project is about to come. Statutory approval for drawing water from the Dilli river for the project has also been obtained. It is hoped that the foundation of APL’s New Integrated Methanol-Acetic Acid plant will be laid soon.