Dhunseri Petrochem’s 430,000 tpa PET in Egypt to come onstream by July 2013

13-Feb-13

Kolkata-headquartered Dhunseri Petrochem and Tea Ltd plans to take its downstream petrochemicals facility in Egypt on stream by July this year. The Egypt unit is being set up at an estimated investment of nearly Rs 900 crore, as per The Hindu. According to C.K. Dhanuka, Executive Chairman, Dhunseri, the greenfield PET (Polyethylene terephthalate) resin plant, with an annual capacity of 430,000 tons will become operational in two phases. While the first phase, of 215,000 tons capacity, will be operational in early July; the second phase (similar capacity) is expected to be ready around August. The Egypt project had suffered a two-month setback because of the civil unrest in the region followed by a delay in supply of product lines from India. The delay, however, has not had any major impact on the project cost. As a part of its Rs 1300-crore expansion plans, the company has recently made operational its second PET resin facility at Haldia in West Bengal, at an investment of Rs 400 crore.