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Lubrizol, Grasim Industries partner for India’s Largest CPVC Resin Plant

To meet growing demand for chlorinated polyvinyl chloride(CPVC) pipe and fittings in India, Lubrizol Advanced Materials, a globalspecialty chemical leader and the market leader for CPVC, and Grasim IndustriesLimited, a flagship company of the Aditya Birla Group, have entered into adefinitive agreement to manufacture and supply CPVC resin in India. Once commissioned, this near100,000 metric-ton state-of-the-art CPVC plant at Grasim’s site in Vilayat,Gujarat, will be the largest single-site capacity for CPVC resin productionglobally.

Theproject will take part in two phases, with the first phase of productionexpected to be operational in late 2022. The CPVC resin produced at Vilayatwill enable product sold under Lubrizol’s FlowGuard® Plus, Corzan® and BlazeMaster® brands.To further support the local market, Lubrizol will make additional investmentsin the coming years to expand its existing CPVC compound plant in Dahej,Gujarat and establish a local innovation centre as demand continues to grow.

With thisinvestment to supply resin to its existing compounding plant in Dahej, Gujarat,Lubrizol becomes the only company in India with end-to-end CPVC capability. Thiscollaboration also will enable Aditya Birla Group and The Lubrizol Corporationto explore collaboration opportunities across additional segments, such aswater management, construction, automotive and piping by leveraging thetechnologies and market channels of both groups.


NEWS ----------SEPTEMBER 2018 Issue
Cygni Energy raises $6.4 Mn to power growth & expansion

Hyderabad-based Cygni Energy Pvt. Ltd., an innovative Solar-DC solutions start-up, has announced that it has raised funds of $6.4-mn through a combination of equity and debt. The equity funding is led by Endiya Partners, a leading early stage venture capital firm that invests in product start-ups, and the debt by IndusInd B   READ MORE...
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Cosmos Solutions receives US$950-mn for new eco-friendly energy product
Cosmos Solutions Pvt. Ltd.’s patented new technology to generate more power from engines using micro controllers received a major green signal with a private equity of US$950-million from Linetrust Offshore Ltd. The Head of private equity of Linetrust ASEAN, Dr. Sailesh Lachu Hiranandani, who has spared no effort in promoting the development of renewable energy, assured Cosmos   READ MORE...
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Black & Veatch bags IEDCL’s 41MW hybrid project
Black & Veatch has been selected to provide engineering expertise to IL&FS Energy Development Company Limited’s (IEDCL) 41 megawatt (MW) solar photovoltaic (PV), wind, and battery storage hybrid project in India. Core components of the project are 25 MW solar PV and 16 MW wind power generation systems, coupled to an optimised energy storage system.

Technical services for the   READ MORE...