Shivtek Spechemi Industries Ltd, a leading speciality chemicals producers and flagship corporation of the Shiva Group of Industries, has declared the acquisition of about 21 acres of industrial land in Pungam (Ankleshwar), Gujarat.
The company intends to invest over Rs.150-crore to biult a greenfield incorporated production complex aimed on speciality chemicals and clear fuel technologies. The venture will contain production units, utilities, quality control laboratories, warehousing centers, storage infrastructure, and helping services.
In April last year, Shivtek Spechemi had introduced plans to make investments Rs. 650-crore to set up new production centers in Gujarat and Rajasthan. The company had stated the approaching plants would together add a capacity of 500,000-tpa, elevating Shivtek’s overall capacity to 650,000-tpa from its 150,000-tpa capacity throughout three operational plant in Dahej (112,800-tpa), Kurnool, Andhra Pradesh (22,800-tpa), and Rajpura, Punjab (14,400-tpa). The Shiva Group of Industries produces plasticisers, paint additives, solvents, rust preventive oils, lubricant additives and textile oils.
“Situated along the Delhi-Mumbai Expressway (NE-4) and close to Hazira Port, the Pungam site gives direct access to main freight corridors, raw material sources, and worldwide shipping lanes. Connectivity might be further augmented via the upcoming Bhadbhut Barrage Project, forming seamless operational incorporation with Shivtek’s primary production plant at Dahej,” a company press note informed.
Commenting on the development, Mr. Amitt Nenwani, Managing Director, Shivtek Spechemi, stated, “Located at the Delhi-Mumbai Expressway, and proximity to Hazira port and our Dahej facility, provide us the connectivity and infrastructure we want to scale efficiently. This new facility will not only enlarge our specialty chemicals portfolio however also permit us to pilot next-generation methanol-to-gas and hydrogen fuel technologies for shipping industry, strengthening our commitment to development and cleaner energy.”
According to the press notice, the first phase of the project will include production of pharma grade hydrochloric acid (HCl) as well as the processing and production of speciality feedstock and specialty petrochemicals, with a planned capacity of 84,000-mtpa.
In the second phase, pilot-scale units for methanol-to-gas and hydrogen fuel technologies are planned, as the company looks to address the global maritime sector’s shift towards cleaner energy options. Also, the company will enlarge the product portfolio to include a wide variety of petrochemical intermediates, ranging from low boilers to heavy boilers, with a additional capacity of 60,000-mtpa.
Phase 1 is centered for commissioning by March 2027, with commercial operations anticipated to start shortly thereafter.
