Chennai, India – Manali Petrochemicals is to invest INR1.5bn ($20m) in a propylene glycol (PG) unit. The aim is to tap emerging business opportunities while reducing its dependence on imports.
Manali will add 48kT/year over two phases, taking total on-site capacity to 70kT/year. Once approvals have been granted, Manali expects the first 24kT/year to be added within 21 months.
Manali is India's sole domestic propylene glycol maker. The market is growing at between 5% and 7%/year, and is estimated at about 100kt/year. About three-quarters of this is supplied by imports, primarily from China and the Middle East.