Summary of Proposed Investment
Project Number
28571
Company Name
CONTINENTAL CARBON INDIA LIMITED
Date SPI Disclosed
Oct 1, 2009
Country
India
Industry
Manufacturing
Projected Board Date
Nov 2, 2009
Status
Completed
Sector
Carbon Black
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
C - No Impact
Previous Events
Approved : Jul 23, 2007
Signed : Jun 16, 2010
Invested : Sep 8, 2010
Project Description
Continental Carbon India Limited (‘CCIL’) is a leading carbon black manufacturer in India. CCIL’s manufacturing facility is located in Ghaziabad, Uttar Pradesh, India and the Company sells its carbon black to tire and non tire companies across the country. The Company also operates a 15MW waste heat recovery power plant and sells the power to the national grid. To become more competitive, the Company has embarked on several cost reduction initiatives to improve its operational and financial performance. The proposed Project is one of these many initiatives.
This Project consists of four (4) individual sub-projects including the installation and commissioning of new reactors, air blowing and drying systems. These sub-projects will reduce costs and increase productivity of both the carbon black and the power production. They include the installation of: i) a highly energy efficient air blower that will reduce the oil consumption and provide a spare for existing Hard Black side process air blower, avoiding production loss; ii) an improved carcass reactor that will reduce electrical and thermal energy consumption during the conversion process; and iii) two smoke drying systems that will reduce the need for waste gas from the dryer now used to dry wet carbon black pellets, gas which will then be used for steam and power generation.
Total expected annual cost savings is $2.2 million.
This Project consists of four (4) individual sub-projects including the installation and commissioning of new reactors, air blowing and drying systems. These sub-projects will reduce costs and increase productivity of both the carbon black and the power production. They include the installation of: i) a highly energy efficient air blower that will reduce the oil consumption and provide a spare for existing Hard Black side process air blower, avoiding production loss; ii) an improved carcass reactor that will reduce electrical and thermal energy consumption during the conversion process; and iii) two smoke drying systems that will reduce the need for waste gas from the dryer now used to dry wet carbon black pellets, gas which will then be used for steam and power generation.
Total expected annual cost savings is $2.2 million.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Rakesh Dhamani
Chief Financial Officer
Continental Carbon India Limited
T: +91 120 2840505 ext 331
F: +91 120 2840504
Chief Financial Officer
Continental Carbon India Limited
T: +91 120 2840505 ext 331
F: +91 120 2840504
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
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
Local Access of Project Documentation
Continental Carbon India Limited
A-4 Industrial Area No 1
(Off NH-24), South Side of G.T Road,
Ghaziabad – 201 001 (U.P) India
A-4 Industrial Area No 1
(Off NH-24), South Side of G.T Road,
Ghaziabad – 201 001 (U.P) India