India is expected to become a USD 850–1000 billion chemicals market by 2040, taking 10-12% share of the global chemicals market
From the annual report of FY22–23
- A dominant player in basic intermediate sodium nitrate /nitrite ( share 70% )
- Deepak Phenolics commands over 56% of the market share for Phenol, acetone, and IPA.
- Have announced investment aggregating to ₹ 2,500 Crores for expanding capacity
- we have planned brownfield projects for certain key products
- Greenfield expansion in Polycarbonate compounding (applications: 5G boxes, EV batteries, medical devices)
- Backward integration for photochlorination (Q3) and fluorination
- Forward integration of acetone for MIBK and MIBC
- investment of up to 51% of the equity share capital of Deepak Oman Industries FZC LLC to set up a facility in Oman to manufacture key chemicals and benefit from low-cost inputs of raw materials and energy to serve global markets
- Implementation of photochlorination and chlorination project in the third quarter
- Acid project in the fourth quarter
- By the first quarter of FY 2024–25, anticipate the commissioning of our MIBK and MIBC plants.
- Hydrogenation and multipurpose distillation facility signify further progress in expansion endeavours
- New capacities of Phenol came on stream in China, and downstream BisPhenol-A and Polycarbonates lost their luster. A continuous bear phase in Phenol caused chain margins to shed nearly 25% from the previous year
- DPL conducted trials of using biofuels in its boilers to reduce its usage of fossil fuels, and it is planned to further scale it up during FY 2023–24.
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