The Adani Group will commission the first phase of a USD four billion PVC project in Gujarat by December 2026. This will mark its foray into the petrochemicals sector, and will tap into the sector.
Adani Enterprises is setting up a petrochemical cluster in Mundra. PVC plant with a capacity of two million tpa will come up within this cluster, and is to be executed in phases. The initial phase involves a capacity of one million tpa.
State Bank of India (SBI)-led consortium of lenders will finance the project. Adani Group intends to implement acetylene and carbide-based PVC production processes for the Mundra project.
The environment clearance (EC) and consent to establish the project have already been received. After polyethylene and polypropylene, PVC is the third most produced synthetic plastic polymer worldwide.