Herdillia Chemicals – part of the Duncans group – has announced
its plans of setting up a phenol and acetone plant at Dahej in Gujarat. The estimated
capital outlay of this project is Rs.700 crore. The production capacity of this
plant would be 1 lakh tonnes of phenol and 60,000 tonnes of acetone, annually.
The plan is
currently in a very nascent stage with the means of financing the project still
being worked out.