Deepak Nitrite’s wholly-owned subsidiary — Deepak Phenolics has commenced commercial production at its Mega-Plant for Phenol & Acetone. This facility, aligned with the ‘Make in India’ initiative of Government of India, has capacity to manufacture 200,000 MTPA of Phenol and 120,000 MTPA of its co-product Acetone. This is supported by capacity to manufacture 260,000 MT of Cumene for captive consumption.
Deepak Phenolics aims to serve India’s present demand for Phenol and Acetone from this facility and is expected to benefit from strong demand growth in these products. Local availability of Phenol and Acetone is expected to boost the production of downstream intermediates, which will diversify the applications for these products and further expand the overall market in the country.
Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals. The company’s product range includes a spectrum of chemicals which caters to a wide range of industries including Colourants, Agrochemicals, Pharmaceuticals, Rubber, Speciality & Fine chemicals.