Difference between revisions of "Assam Petro-Chemicals Limited"

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{{Article for deletion/dated|page=Assam Petro-Chemicals Limited|timestamp=20190612142944|year=2019|month=June|day=12|substed=yes|help=off}}
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{{notability|1=Companies|date=June 2019}}
{{Infobox company
| name            = Assam Petro-Chemicals Limited
| logo            =
| logo_size        = 170px
| type            = [[Public company|Public]]
| traded_as        = {{BSE|506267}}
| founders        =
| foundation      = 1971
| location_city    = [[Namrup]], Assam
| location_country = India
| area_served      =
| key_people      = Jagadish Bhuyan (Chairman)<br>  Bikul Ch. Deka (Vice-Chairman)<ref>{{cite web | url=http://assampetrochemicals.co.in/directors.php | title=Board of Directors | accessdate=12 June 2019}}</ref>
| industry        = [[Chemical industry|Chemicals]]
| products        = Industrial [[Chemical substance|chemicals]]
| revenue          =
| operating_income =
| net_income      =
| assets          =
| equity          =
| owner            = {{Unbulleted list|Government of Assam (36.41%)|Oil India Limited (48.71%)|Assam Industrial Development Corporation (11.53%)}}<ref>{{cite web | url=http://assampetrochemicals.co.in/share-holding-pattern.php | title=Share Holding Pattern | date=7 March 2019 | accessdate=12 June 2019}}</ref>
| num_employees    =
| parent          =
| divisions        =
| subsid          =
| homepage        = {{URL|http://assampetrochemicals.co.in/index.php}}
'''Assam Petro-Chemicals Limited''' is a semi-government Indian company with major stakes held by [[Government of Assam]], [[Oil India Limited]] and [[Assam Industrial Development Corporation]] (AIDC).<ref>{{Cite web|url=https://www.sentinelassam.com/news/assam-petro-chemicals-limited-bags-skoch-gold-award/|title=Assam Petro-chemicals Limited bags Skoch Gold Award|date=2018-12-08|website=The Sentinel|language=en-US|access-date=2019-06-12}}</ref> The company was incorporated in 1971 and by 1976 had started production at their small [[methanol]] plant located at [[Namrup]] along with [[Formaldehyde]] and a few [[urea-formaldehyde]] resins like urea-formaldehyde glue and urea-formaldehyde moulding powder. Post expansion in 1989 and 1998, the company expanded the Methanol plant to the capacity of 100TPD (tonnes per day) and Formaldehyde Plant to 100TPD.<ref>{{cite web|url=http://assampetrochemicals.co.in/about.php |title=Assam Petro-chemicals Limited - About us |date=2015 |accessdate=12 June 2019}}</ref> The company announced in September 2017 that it would invest {{INR Convert|1337|c}} and expand to produce 500TPD Methanol and 200TPD [[formalin]] and become the largest producer of methanol in India.<ref>{{cite news|url=https://economictimes.indiatimes.com/industry/energy/oil-gas/assam-petrochemicals-limited-to-invest-rs-1337-crore-to-set-up-second-unit/articleshow/60818252.cms |title=Assam Petrochemicals Limited to invest Rs 1337 crore to set up second unit |newspaper=Economic Times |date=24 September 2017 |author= Singh, Bikash |accessdate=12 June 2019}}</ref><ref>{{Cite web|url=https://www.telegraphindia.com/states/north-east/bjp-respects-all-views-sonowal/cid/1686202|title=BJP respects all views: Sonowal|website=The Telegrah|first=Tejesh |last= Tripathy | date= 2019-05-03  |language=en|access-date=2019-06-12|quote=  Addressing the gathering after laying the foundation stone of a formalin plant ... The Assam Petro-Chemicals Limited will supply methanol, the raw material needed to make formalin (preservative), to this plant which will produce 200 tonnes of formalin daily. The plant, for which 163 bighas has been allotted by the government at Dhaknamari, is being set up at a cost of Rs 100 crore. }}</ref><ref>{{cite web | url=https://www.thehindu.com/news/national/other-states/indias-first-methanol-cooking-fuel-debuts-in-assam/article25137518.ece | title=India’s first methanol cooking fuel debuts in Assam | publisher=The Hindu | date=5 October 2018 | accessdate=18 June 2019 | author=Karamakar, Rahul}}</ref> The required feedstock for these plants are [[natural gas]], [[urea]] and [[carbon dioxide]]. Natural gas, supplied by Oil India Ltd, is used as feedstock for methanol production.<ref name="first"/> Urea and carbon dioxide are supplied by Namrup Fertilizer Plant.<ref>{{cite book | url=https://books.google.co.in/books?id=czUyfP-hHTEC&pg=PA29&lpg=PA29&dq=%22Assam+Petrochemicals+Limited%22&source=bl&ots=GMSa4LF05u&sig=ACfU3U1HPOpBwc2YabQmVsVsl6jfprJt-g&hl=en&sa=X&ved=2ahUKEwjrz9CW7uXiAhVCJHIKHcQ6B-w4WhDoATAAegQICBAB#v=onepage&q=%22Assam%20Petrochemicals%20Limited%22&f=false | title=The Anatomy of Rural Poverty in Assam | publisher=Mittal Publications | author=Atikuddin Ahmed | year=1987 | pages=29 | isbn=8170990092}}</ref>
==Methanol production==
The company is among the top five producers of methanol in India; the other four being [[Gujarat Narmada Valley Fertilisers & Chemicals]], [[Deepak Fertilisers and Petrochemicals Corporation Limited]], [[Rashtriya Chemicals & Fertilizers]] and [[National Fertilizers Limited]].<ref>{{cite web | url=https://niti.gov.in/writereaddata/files/Indias-Leapfrog-to-Methanol-Economy.pdf | title=India’s Leapfrog to Methanol Economy | publisher=NITI Aayog | accessdate=13 June 2019 | author=Dr. Saraswat, V. K. |authorlink=V. K. Saraswat | pages=5}}</ref> 
In October 2018, the company became the first in India to start a pilot project to use methanol as cooking gas in place of conventions LPG. At the launch, the canisters weighing 1.2kg each were priced at {{INR|32}} each. 18 such canisters of methanol were equivalent to one LPG cylinder which is used for domestic cooking in India. The project was launched in support of [[NITI Aayog]] under their concept of “Methanol Economy” to reduce cost of importing LPG.<ref name="first">{{cite web | url=https://timesofindia.indiatimes.com/city/guwahati/assam-petrochemicals-ltd-to-roll-out-countrys-first-methanol-based-cooking-fuel/articleshow/65998726.cms | title=Assam Petrochemicals Ltd to roll out country’s first methanol-based cooking fuel | publisher=Times of India | date=28 September 2018 | accessdate=13 June 2019 | author=Kalita, Prabin}}</ref><ref>{{cite web | url=https://www.sentinelassam.com/news/pilot-project-on-methanol-as-cooking-gas-launched-at-assam-petrochemicals-limited-apl/ | title=Pilot project on methanol as cooking gas launched at Assam Petrochemicals Limited (APL) | publisher=The Sentinel | date=6 October 2018 | accessdate=13 June 2019}}</ref><ref>{{cite web | url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=183996 | title=Launch of Methanol Cooking Fuel Program of India | publisher=Government of India | work=Press Information Bureau | date=5 October 2018 | accessdate=13 June 2019}}</ref>
== References ==
==External links==
*{{Official website| http://assampetrochemicals.co.in/index.php}}
[[Category:1971 establishments in India]]
[[Category:Chemical companies of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Chemical companies established in 1971]]
[[Category:Companies based in Assam]]

Latest revision as of 06:40, 20 June 2019

Hurray! It looks like this article has survived the deletionist battle. Check Assam Petro-Chemicals Limited on English Wikipedia.