IGPL
I G Petrochemicals Ltd
Industry: Specialty Chemicals
MarketCap: .... Rank : ...
I G Petrochemicals Ltd
Industry: Specialty Chemicals
MarketCap: .... Rank : ...
Overview
I G Petrochemicals Ltd (IGPL) is a petrochemical company headquartered in Mumbai, India. It is one of the largest producers of phthalic anhydride (PAN) in India, and also produces maleic anhydride and benzoic acid. PAN is used in a wide variety of applications, including the production of plasticizers, alkyd resins, paints, and unsaturated polyester resins. Maleic anhydride is used in the production of lubricating oil additives, personal care products, and water treatment detergents. Benzoic acid is used in the production of perfumes, dyes, and topical medications.
History
IGPL was incorporated in 1987 and began commercial production in 1992. The company is a joint venture between the Indian government and Gujarat State Petroleum Corporation (GSPC). IGPL's plant is located in Dahej, Gujarat, and has a production capacity of 120,000 tonnes per annum of PAN.
How the company operates
IGPL's plant uses a fluidized bed process to produce PAN. The process begins with the pyrolysis of naphtha, which produces a mixture of phthalic anhydride and other products. The phthalic anhydride is then separated from the other products and purified.
The future
IGPL is planning to expand its production capacity by 53,000 tonnes per annum. The expansion is expected to be completed in 2025. IGPL is also planning to develop new products, such as phthalic anhydride derivatives.
Conclusion
IGPL is a leading producer of PAN in India. The company has a strong track record and is well-positioned for future growth.
Official website
The company's official website is https://www.igpetro.com/
Milestones
Additional information and interesting facts
Brands and companies
IGPL's customers include some of the leading paint, plastics, and textile companies in the world. Some of the brands that use IGPL's products include Akzo Nobel, Kansai Nerolac, and Sabic.