Deepak Nitrite Capex Update:
1.BTC /BTF plant is expected to be commissioned in Q3 FY24,
Let’s Understand the products.
BTC is Bis(trichloromethyl) Carbonate. It is also known as Triphosgene. It will be synthesized through the photochlorination of phosgene.
BTF is Benzo trifluoride. It is also known as Trifluoro toluene. It can be synthesized via fluorination of toluene using a fluorinating agent such as HF, FD4 etc.
These two product will be related to agrochemical & used as captive consumption also
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Acid plant is expected to be commissioned in Q4, FY24
This is basically Spent Sulfuric Acid Concentration (SAC), used for captive consumtion. -
MIBK (40KT) & MIBC (8KT) will be commissioned in Q1 FY25. These are derivative products of Acetone,
Will be catering to Domestic demand, aiming for 100% market share, currently 100% is imported.
MIBC is forward integration of MIBK -
Poly carbonate compounding will be commissioned next 18 months. This is actually forward integration phenolics.
It has application in 5G, electronics, EVs and medical devices also.
Starting with 35k capacity for phase-1 but aim will be to reach world scale capacity. -
Debottlenecking of Phenol facility (10%); Q1
Advance process control (APC) by Q2,FY24. It will improve quality & efficiency
Base capacity of phenol plant was 200kT,
Going for 50% expansion, 300KT capacity (within 4 quarters)
They are going from 200k to 300k capacity by spending less than 100cr. Phenomenal incremental Asset turn.
Management keeps saying 120% capacity utilization which means 240k run rate. But they already did debottlenecking at current capacity is already 250k. So, I won’t consider this as 120% utilization. Process Throughput in winter season is generally high where chilling unit is required.
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During Q4, FY24 to Q1, FY25 they will commission
a. Expanded Hydrogenation
b. Multipurpose distillation
c. Multipurpose Nitration -
They also do have plan to build Sodium Nitrate capacity at Oman which should be completed in 24-30 months.
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