Current Date: 09 Jul, 2024

Fueling Green Industries: Manali Petro's ₹150 Crore Propylene Glycol Expansion

Manali Petrochemicals Limited (MPL), the leading domestic producer of Propylene Glycol (PG) in India, is embarking on a groundbreaking expansion project at Ambattur, Thiruvallur, Tamil Nadu, with an estimated investment of ₹150 crores. This strategic move underscores MPL's dedication to achieving self-sufficiency in PG production and meeting the escalating demand within the country.

The expansion project aims to ramp up MPL's PG production capacity to 42,000 Metric Tonnes Per Annum (MTPA), a significant leap that positions the company as a pivotal player in India's PG market. By boosting local manufacturing capabilities, MPL seeks to reduce India's dependence on imported PG and contribute to the nation's economic growth.

PG, a versatile chemical compound, finds extensive applications across various industries. From serving as a solvent in pharmaceutical formulations to acting as a coolant and humectant in the food industry, PG plays a crucial role in enhancing product quality and performance. Additionally, it finds utility in cosmetics, deicing fluids, antifreeze solutions, and diverse industrial applications.

The project's strategic significance extends beyond meeting market demand. MPL's expansion initiative is poised to stimulate local manufacturing, foster job creation, and bolster the nation's industrial landscape. Furthermore, it aligns with India's vision of promoting self-reliance and indigenous manufacturing capabilities.

News by Rahul Yelligetti

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Source : Projxnews