Cetex Petrochemicals is planning to expand its capacity and product range with an investment of Rs 400 crore.

Cetex is the only manufacturer of Methyl Ethyl Ketone (MEK) and Secondary Butyl Alcohol (SBA) in South-East Asia, and has doubled its production capacity to 20,000 tonne a year.

It is now planning to widen its product base of petrochemicals with a modern 50,000 tonne-a-year plant it has acquired from Shell Chemicals, Houston. The plant is being shifted from the US to Chennai. It will start manufacturing Methyl Iso Butyl Ketone and Methyl Iso Butyl Carbinol from August 2016.

The expansion is funded by SBI and the product diversification project by Axis Bank.

Further expansions of MEK and SBA are also in the pipeline as the demand continues to exceed supply in the domestic market.

Cetex Petrochemicals was acquired by Wayne Burt Capital which has assets of over $ one billion with interests and investments in oil and gas, petrochemicals and aerospace manufacturing sectors.

More Project Info:

Methyl Isobutyl Ketone (Manali) Project