Summary of Proposed Investment
Project Number
27560
Company Name
Himadri Speciality Chemical Limited
Date SPI Disclosed
Oct 30, 2008
Country
India
Industry
Manufacturing
Projected Board Date
Dec 4, 2008
Status
Completed
Sector
Carbon Black
Date Revised SPI Disclosed
Feb 27, 2009
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Mar 26, 2009
Signed : Apr 2, 2009
Invested : Apr 10, 2009
Project Description
Himadri Chemicals & Industries Limited (“Himadri” or the “Company”) is India’s largest producer of coal tar pitch which is utilized in the production of aluminum and graphite. Himadri is known as one of the highest quality producers of coal tar pitch in the world, and its products are used by several, major international customers. The company is also only one of three companies worldwide that is able to produce zero Q.I. Coal Tar Impregnating Pitch, a high quality pitch used for impregnation of graphite electrodes, and it is the only company outside Japan able to manufacture it.
Himadri uses coal tar in India as its raw material which is a by product of recovery type high temperature coke oven batteries. The Company distills such into useful coal-tar pitch and derivatives, thereby creating useful economic value from a low-value feedstock. During the manufacturing process, the company also produces various industrial oils as by-products that can be further used as feedstock for the production of carbon black, a key input for tire manufacturers.
Given strong demand, Himadri is expanding its present coal tar pitch distillation capacity of 169,000 metric tons per annum (mtpa) in India to 400,000 mtpa. Phase I consists of (i) increasing its distillation capacity to 250,00 mtpa, (ii) setting up a 50,000 mtpa carbon black production facility and (iii) constructing an associated 12 mega-watt waste-heat recovery based power plant (together, the “Project”).
Himadri uses coal tar in India as its raw material which is a by product of recovery type high temperature coke oven batteries. The Company distills such into useful coal-tar pitch and derivatives, thereby creating useful economic value from a low-value feedstock. During the manufacturing process, the company also produces various industrial oils as by-products that can be further used as feedstock for the production of carbon black, a key input for tire manufacturers.
Given strong demand, Himadri is expanding its present coal tar pitch distillation capacity of 169,000 metric tons per annum (mtpa) in India to 400,000 mtpa. Phase I consists of (i) increasing its distillation capacity to 250,00 mtpa, (ii) setting up a 50,000 mtpa carbon black production facility and (iii) constructing an associated 12 mega-watt waste-heat recovery based power plant (together, the “Project”).
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Dr. Soumen Chakrobortry
Himadri Chemicals & Industries Ltd.
Mahistikry Unit – Mahistikry,
Haripal, Hooghly, West Benegal, India
Himadri Chemicals & Industries Ltd.
Mahistikry Unit – Mahistikry,
Haripal, Hooghly, West Benegal, India
For Inquiries and Comments About IFC, Contact
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Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster