According to bank documents, "As a follow-on to expansion under Phase-III (Project IFC-41160), ENGRO Polymer & Chemicals Limited (EPCL) is now pursuing an optimization plan, (the “project”), to including:
(i) implementing Oxy Vent Recycling (OVR) system to reduce manufacturing costs; which will reduce the raw material requirement by 2%, lowering the atmospheric release of ethylene di-chloride (EDC) by 6 kg/ton of VCM.
(ii) introduce Hydrogen Peroxide (H2O2) to its product suite by becoming the first producer in the south of the Country; and
(iii) Working capital.
With this increased local availability of Hydrogen Peroxide (H202) in the Country, customers will benefit from shorter delivery time and lower inventory costs.
The Project is also expected to maintain the Company's competitiveness through value addition, and will create jobs and enable transfer of technical and managerial know-how.
IFC anticipates that the Project will lead to increased competitiveness of the PVC and base chemicals sector, which will support the growth of the main users of these products such as the textile, building and construction sector."
Engro Polymers and Chemicals Limited (“EPCL” or the “company”), is the only fully integrated chlor-vinyl chemical complex in Pakistan. The company is involved in the manufacture, marketing and distribution of poly-vinyl chloride (PVC) and selling of chlor-vinyl allied products including Vinyl Chloride Monomer (VCM), Caustic Soda (NaOH), Hydrochloric Acid (HCl), Sodium Hypochlorite (NaOCl) and Hydrogen (H2).
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Engro Polymer & Chemicals Limited
Syed Abbas Raza
Chief Financial Officer
12th Floor, Ocean Tower, G-3, Block 9,Clifton Khayaban-e-Iqbal, Karachi-75600Pakistan
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